๐Get ready, BTC enthusiasts! Minswap, the largest decentralized exchange on Cardano, has seen a surge in activity after months of low action. DappRadar reports an 89.85% increase in unique active wallets (UAWs) and a 63.05% rise in transaction count over the past week! ๐ฅ
The volume also went up by 16% in the last seven days, adding 11.29k UAWs, 129.59k transactions, and a whopping $592.08 million in trading volume. ๐
This spike was mainly due to massive activity on September 24th, when the DEX volume surged to $6.86 million, and UAWs climbed above 5.4k. ๐
This activity could potentially boost Minswap's native MIN tokens, which generate value from platform usage and act as a governance token. ๐
The surge coincided with the launch of the ADA/JPG trading pair on the decentralized exchange. Minswap remains the liquidity king of Cardano DeFi, with a total value locked (TVL) of around $40 million. ๐คด
Keep an eye on Minswap, folks โ exciting times ahead! ๐