.MinswapDEX is approaching $200 million in total value locked (TVL)
SundaeSwap launched on the mainnet in January, pushing the price of the ADA token slightly higher. However, the momentum around the exchange quickly faded after users started complaining about failed transactions. The team behind the exchange attributed the issue to high network congestion. The project’s debut was also overshadowed by a public fight with the decentralized accelerator CardStarter.
MuesliSwap debuted on Cardano back in November. Despite enjoying the first-mover advantage, the exchange has only accrued a measly $1.68 million in total value locked. While Cardano’s growth appears to be sluggish at best, the team is currently laser-focused on scaling the blockchain to make it possible for more applications to launch on the mainnet. As
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