MuesliSwap, in a recent announcement via its verified Twitter handle, revealed Cardano’s latest technology designed to improve the Decentralized Finance (DeFi) users’ experience on its platform.
Cardano (ADA), a proof-of-stake DeFi platform, is on the verge of a new expansion following the integration of VyFinance DEX protocol into the MuesliSwap DEX Aggregator.
The new integration hopes to provide Cardano users with unlimited transaction opportunities on the Cardano network. Simultaneously, the recent technology will offer Cardano enthusiasts a more diverse array of financial products.
🚀 Exciting news! VyFinance DEX protocol is now integrated into the MuesliSwap DEX Aggregator! 🥣
Explore limitless trading on Cardano, at unbeatable prices! 🌟🚀#VyFinance #MuesliSwap #DeFi #DEX pic.twitter.com/TjUZoeCW3n
— MuesliSwap 🥛 | Hybrid DEX on Cardano (@MuesliSwapTeam) June 4, 2023
Cardano Achieves Landmark By Beating Bitcoin In Total Value Locked
Intriguingly, Despite the bearish storm in the crypto market, Cardano’s latest market trends over the past few weeks were remarkable, which oversaw ADA tokens displaced BTC in total value locked.
Could Charles Hoskinson’s assertion be correct? Recall that in one of our previous news, Charles Hoskinson, the CEO of Input Output Global (IOG), predicted that ADA could surpass Bitcoin (BTC), Ethereum (ETH), and other top cryptocurrencies.
Per Cardano’s data on DeFiLlama, a crypto market data aggregator, the data aggregator predicted Cardano’s TVL worth to be an estimated $183.19 million, which implies that Cardano now ranks 15th on the TVL standings, a step ahead of Bitcoin, which has a TVL of $178.99 million.
Implications Of Cardano’s Latest Feat
The significant growth recorded in Cardano’s ecosystem signifies crypto users’ faith in the DeFi crypto platform. Also, Cardano has witnessed a massive increase in active user participation and other protocols on the Cardano network.
Per DeFiLlama, Cardano’s dedicated users increased a remarkable 2.69% in the last day, 9.37% in the past week, and a whopping 20% over the past month. On CoinGecko, Cardano is ranked sixth, selling at the rate of $0.373965 and is down by 1.8%.