The largest decentralized exchange, Cardano Minswap, recorded an increase in key indicators after months of low activity. According to DappRadar, Minswap's unique active wallet count and transaction counter have increased by 89.85% and 63.05%, respectively, over the past seven days. Trading volume also increased by 16%.
- During this period, Minswap added 11.29 thousand unique active wallets, 129.59 thousand transactions and $592.08 million in trading turnover.
- The increase in indicators is associated with massive activity recorded on September 24, when trading volume on DEX increased to $6.86 million.
- On the same day, the number of unique active wallets exceeded 5.4 thousand, and the transaction counter reached 35.96 thousand.
- Increased activity may drive up the prices of MIN tokens, which are generated using the platform and used as governance tokens.
- The growth coincided with the launch of the ADA/JPG trading pair, available to users on the decentralized exchange.
- During this period, Minswap added 11.29 thousand unique active wallets, 129.59 thousand transactions and $592.08 million in trading turnover.
- The increase in indicators is associated with massive activity recorded on September 24, when trading volume on DEX increased to $6.86 million.
- On the same day, the number of unique active wallets exceeded 5.4 thousand, and the transaction counter reached 35.96 thousand.
- Increased activity may drive up the prices of MIN tokens, which are generated using the platform and used as governance tokens.
- The growth coincided with the launch of the ADA/JPG trading pair, available to users on the decentralized exchange.