Saturday, January 22, 2022

Cardano-Based Decentralized Exchange, SundaeSwap, Is Finally Live On Public Testnet

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!”

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!”

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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Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.

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