SundaeSwap, the long-awaited Cardano-based decentralized exchange, is finally launched on the public testnet.
SundaeSwap Labs made the new development known via its official Twitter handle a couple of hours ago.
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SundaeSwap Labs tweeted, “And we’re live! Thank you everyone for staying patient with us. Visit testnet.sundaeswap.finance and play around with SundaeSwap on the Cardano testnet!”
And we're live! 🎉 Thank you everyone for staying patient with us 🙂
Visit https://t.co/MkLJyLzETf and play around with #SundaeSwap on the #Cardano testnet!🍨
If you encounter bugs, issues, or just have recommendations, please fill out this form: https://t.co/FTyRsxPRiJ! Enjoy! pic.twitter.com/ytoIErOBvR
— SundaeSwap Labs 🍨 (@SundaeSwap) December 6, 2021
Input Output Global (IOG), the software firm behind the development of Cardano (ADA), announced on 5th December that SundaeSwap decentralized exchange (DEX) is launching soon as a testnet.
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IOG added that it looks forward to a growing interest in Cardano’s big DEX ambitions.
“Later today, SundaeSwap will launch their DEX on the #Cardano TestNet launch. We’re expecting a huge amount of interest in this highly-anticipated event, and lots of activity. This is why we are collaborating. Because we’re looking to learn a lot, too.
“The test is intended to put the network under high throughput so we can monitor and analyse the current network parameter settings. As a user, expect congestion on the testnet. This will be a sign that we are getting the traffic volume we want/need to properly assess!”
The test is intended to put the network under high throughput so we can monitor and analyse the current network parameter settings. As a user, expect congestion on the testnet. This will be a sign that we are getting the traffic volume we want/need to properly assess!
2/8
— Input Output (@InputOutputHK) December 5, 2021
Since the launch is just a testnet, there are a few steps to take in order to participate. Using a third-party wallet like Nami is required to connect to the faucet to obtain testnet tokens to experiment with.
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The announcement did not mention how long the testing would run or a mainnet launch date. SundaeSwap is a scalable decentralized exchange and automated liquidity provision protocol enabling native token and ADA exchanges with a whitepaper released in June.
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