Blockchain

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.

Read Also: Cardano (ADA) Stablecoin Hub to Build Bridge between Cardano and Near Protocol

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.

Read Also: Cardano Block Size to Increase by 12.5% to 72KB on 1st December after Testnet Deployment This Week

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.

Read Also: Charles Hoskinson: Many Great Innovations Are Joining Hundreds of Projects Building on Cardano

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 is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

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