BTC

$98093.176

-0.14%

ETH

$3432.018

-1.72%

XRP

$2.248

-2.59%

BNB

$706.747

0.45%

Knowledge

dApp Minswap, The Top 1 Cardano-Powered DEX By TVL

September 11, 2022 - Around 2 mins mins to read
This article provides an overview of Cardano dApp Minswap, which is a multi-pool decentralized exchange on Cardano.
dApp Minswap, The Top 1 Cardano-Powered DEX By TVL

Due to its lack of venture capital backing or private investment, Minswap asserts that it is a community-centric decentralized exchange on Cardano. This, it argues, ensures that the community of users, rather than insiders and speculators, receives the maximum benefit from its token distribution.

According to its white paper, Minswap is “an automated market-maker decentralized exchange on Cardano which supports multiple pricing functions for a single liquidity pool.”

dApp Minswap, The Top 1 Cardano-Powered DEX By TVL
Source: Minswap

MInswap went live on Cardano on March 9:

On March 19, Minswap announced that it had open-sourced its code:

On August 23, Minswap Labs announced via a blog post that it had formed a strategic partnership with Aada Finance. 

On August 29, Minswap Labs tweeted that they are ready for the Vasil upgrade.

According to data by DeFi Llama, currently, Minswap is the top 1 DEX on Cardano with a TVL of roughly $48.45 million.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

AADA

Cardano

dApp

Dex

Minswap

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.