๐ Minswap, Cardano's largest DEX, sees a surge in activity after several months of silence! According to DappRadar, Minswap's unique active wallets (UAW) and transaction count rose 89.85% and 63.05% in the last 7 days. Volume also rose 16% in the same period.
๐ This spike occurred on September 24, when DEX volume jumped to $6.86 million. On the same day, UAW rose above 5.4k and the number of transactions reached 35.96k.
๐ค Will this increase the price of Minswap's MIN token? This token generates value from use of the platform and is used as a governance token.
๐ This spike coincided with the launch of the ADA/JPG trading pair on DEX. The last time it spiked was in May, when all three metrics hit new record highs.
๐ช Minswap remains the king of liquidity in Cardano DeFi, with total value locked (TVL) of around $50 million and dominance of over 32%. However, these numbers are falling, and TVL is currently around $40 million.
Come on, discuss in the comments column! Are you optimistic about the future of Minswap and Cardano? ๐
๐ This spike occurred on September 24, when DEX volume jumped to $6.86 million. On the same day, UAW rose above 5.4k and the number of transactions reached 35.96k.
๐ค Will this increase the price of Minswap's MIN token? This token generates value from use of the platform and is used as a governance token.
๐ This spike coincided with the launch of the ADA/JPG trading pair on DEX. The last time it spiked was in May, when all three metrics hit new record highs.
๐ช Minswap remains the king of liquidity in Cardano DeFi, with total value locked (TVL) of around $50 million and dominance of over 32%. However, these numbers are falling, and TVL is currently around $40 million.
Come on, discuss in the comments column! Are you optimistic about the future of Minswap and Cardano? ๐