Cardanos DEX SundaeSwap is ready to launch Testnet, ADA price stagnates

During a meeting yesterday (December 5th), the company behind Cardano – Input Output HK – announced that the decentralized exchange (DEX) SundaeSwap is about to introduce a test network.

IOHK expects a growing interest in Cardano’s big DEX ambitions.

However, there were issues that caused the launch to be delayed, so tweet by SundaeSwap.

“May be renamed MondaeSwap. Seriously, we discovered a bug in the renewal of Scooper’s license. We are working on it and as soon as it is finished, the testnet will be live. “

This is just a test network anyway, so some steps need to be taken to participate such as: B. using a third-party wallet, e.g.

The announcement made no mention of how long the tests would take or the start date of the mainnet. SundaeSwap is a scalable DEX and automated liquidity provision protocol that enables the exchange of native tokens and ADA, according to the official white paper released in June.

Test network endurance

IOHK called that the test network aims to “increase network throughput” and enable the team to monitor, analyze and set parameters. Cardano carefully set the network parameters such as block size, CPU limit and memory limit while the test network started.

“Today SundaeSwap will launch its DEX test network on Cardano. We expect great interest and activity in the run-up to this highly anticipated event. That is why we work together. Because we also want to learn a lot. “

IOHK added that users should be prepared for congestion and failure in the test network, which suggests that it is receiving the traffic it needs to evaluate.

“Remember, these are early dApps and DeFi is still in its infancy on Cardano. The test network is an important part of iteration and enhancement of the experience. “

Cardano has emphasized a “slow and steady” approach to DeFi, dApps and Smart Contracts, which has made it a target of criticism from the crypto community. However, the network still claims to be able to compete with and even outperform Ethereum.

IOHK said “just ignore the FUD” as there will be bugs, some of which have been reported by Testnet users. They encourage users to join their Discord channel to provide feedback on the SundaeSwap platform.

ADA price reaction

Cardano’s native token, ADA, fell along with the rest of the crypto market over the weekend without the DEX launch taking off.

ADA price table | Source: Tradingview

At the time of writing, ADA price is trading at $ 1.30, another 6.16% drop from the day. It’s down 17.28% in the past seven days and is down nearly 60% since its all-time high (ATH) on September 9th of $ 3.02.

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