Cardano Founder Congratulated Developers as DEX Project SundaeSwap Launched Public Test

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Cardano native token had been in the trenches for a while when eToro exchange decided to delist the token for United States consumers owing to regulatory limitations. However, a bigger crypto-exchange called BitStamp listed ADA in the same week and saved the token from further price depreciation.

At press time, ADA token is trading for $1.51 and showing 0.26% appreciation during the last 24 hours despite the latest crypto market FUD. Cardano native token has managed to remain in the top 10 cryptocurrencies due to the continuous updates on the network. Now, the Cardano developers have started the procedure to launch a DEX called SandaeSwap on the network.

Charles Hoskinson, CEO of IOHK and founder of Cardano blockchain recently took to Twitter to post congratulations to the developers of the blockchain. He claimed that within a few weeks of successfully deploying Alonzo hardfork, the developers have started the new testnet procedure for the new decentralized exchange on the network.

SandaeSwap, the new DEX ready for deployment on the Cardano blockchain has not specified an official date for the mainnet launch thus far. The SandaeSwap has also planned to share a detailed roadmap with the Cardano community members following its main launch event.

The Cardano blockchain has recently shared a visible increase in the number of digital addresses and new staking addresses on the platform. The amount of daily transactions hosted on the network has increased from 10K per day in January to above 200K in November reported by IOHK trackers.

Keeping in view the added interest and traffic on the blockchain, Cardano developers decided to implement an update in October that increased the transaction capacity per block by increasing volume. With the new upgrade, every Cardano block has increased by 12.5% and Cardano developers have plans to keep expanding to dodge gas fee inflation and strengthen the scalability of the blockchain.


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