Minswap DEX goes live on the Cardano Mainnet

Minswap, a multi-pool decentralized exchange, had its Cardano mainnet debut earlier today.

Its users can now deposit cash in exchange for rewards and swap tokens in a decentralized manner. Beginning March 14, yield farming will be offered on the exchange.

The Minswap DEX has gone live on the Cardano mainnet

Minswap completed its audit in partnership with Tweag, a concept-to-launch software innovation lab.

Prior to the availability of smart contract capability, Minswap became live on the Cardano testnet in September. However, because to a “concurrency” flaw that prevents token swaps from taking place, its launch was marred by criticism. Minswap stated it was working to resolve the issue after receiving reaction and mockery from Cardano opponents.

Cardano DEX presently has $48.87 million in total value locked, according to statistics provided by cryptocurrency monitoring platform DefiLlama.

SundaeSwap, which launched on the mainnet in late January, has a total value of $121.75 million, making it the largest Cardano DEX for the time being.

Cardano pales in contrast to other “Ethereum killers” such as Solana and Avalanche, with only $172.46 million in TVL

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