🚀 Minswap, the largest Cardano-based decentralized exchange, experienced an increase in various metrics after a period of low activity. According to DappRadar's latest update, Minswap's number of unique active wallets (UAW) and transactions increased by 89.85% and 63.05% respectively in the last seven days. During the same period, Minswap added 11.29k UAW, 129.59k transactions and $592.08 million in trading volume.
📈 Weekly figures jumped due to huge activity recorded on September 24th. On the same day, unique active wallets reached over 5.4k and the number of transactions reached 35.96k. This activity may increase the prices of Minswap's native MIN tokens, which generate value from platform usage and are used as governance tokens.
🔗 This increase coincided with the launch of the ADA/JPG trading pair to users on the decentralized exchange. Additionally, the last significant increase occurred in May, setting new all-time highs for all three metrics.
💰 Minswap maintained its position as the liquidity king of Cardano DeFi, finishing the second quarter of the year with nearly $50 million in total value locked (TVL) and dominance of more than 32%. The numbers have since dropped and TVL is now around $40 million, DeFiLlama data shows.
📈 Weekly figures jumped due to huge activity recorded on September 24th. On the same day, unique active wallets reached over 5.4k and the number of transactions reached 35.96k. This activity may increase the prices of Minswap's native MIN tokens, which generate value from platform usage and are used as governance tokens.
🔗 This increase coincided with the launch of the ADA/JPG trading pair to users on the decentralized exchange. Additionally, the last significant increase occurred in May, setting new all-time highs for all three metrics.
💰 Minswap maintained its position as the liquidity king of Cardano DeFi, finishing the second quarter of the year with nearly $50 million in total value locked (TVL) and dominance of more than 32%. The numbers have since dropped and TVL is now around $40 million, DeFiLlama data shows.