Cardano is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is one of the first blockchains to be built in the highly secure Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
Several decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. finance protocols are getting ready to be launched in the Cardano.
After supporting the functionality of contrato inteligente de Cardano in September last year In the network, several decentralized finance protocols are expected to be implemented in the network a network refers to all nodes in the operation of a blockchain at any given moment in time. ( DeFi), reports Trading News 101.
According to the website BuiltOnCardano The number of projects related to decentralised finance that are being built in the region is Cardano has increased enormously.
Here you can see some of them:
According to the information, the developers are considering the network of Cardano ahead of rival blockchains such as Ethereum a decentralized open-source blockchain with smart contracts functionality. y Solana, que han sufrido una congestión constante de la red en varias ocasiones.
According to the data, there are currently 61 projects DeFi, which include 26 exchanges decentralized (DEX) that are being built in Cardano at the moment.
Some of the decentralised exchanges that are being built on Cardano incluyen ADA Finance, Ray Network, Occam.Fi, YaySwap, Cardax, Matrixswap y Meowswap.
While a total of 26 decentralized exchanges are still under construction to make their official debut on the Cardano, worth noting that already six DEX were initially launched on the blockchain.
SundaeSwap: the first
SundaeSwap se convirtió en el primer intercambio descentralizado en lanzarse completamente en Cardano after supporting smart contract in traditional finance, a contract is a binding agreement between two parties. In cryptocurrencies, smart contracts execute functions on the blockchain. functionality.
That news sparked excitement among many Cardano enthusiasts as they rushed to start using the platform.
Although SundaeSwap experienced a minor glitch within hours of its debut, the problem was resolved almost immediately, which reignited the interest of other DEXs.
Currently, according to Trading News, there are five other decentralised exchanges that are active on Cardano, apart from SundaeSwap, incluidos ADAX Pro, MuesliSwap, VyFinance, Meld y Minswap.
Of the six decentralized exchanges in the network, SundaeSwap es la plataforma comercial que tiene el valor total bloqueado (TVL) más alto en dólares estadounidenses: USD $ 118,57 millones.
There is also another DEX (decentralized exchange)A peer-to-peer exchange allowing users to trade cryptocurrency without the need for an intermediary. which is beginning to be considered of interest by investors. Last week we reported that Israeli actress, producer and model Gal Gadot, best known for her portrayal of the role of Wonder Woman, se encuentra among investors in AdaSwap, the decentralized exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. (DEX) based on Cardano which raised $2.6 million. This DEX will build a complete ecosystem, including an NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. marketplace and engagement groups.
Price remains low
Mientras tanto, el despliegue constante de intercambios descentralizados en Cardano is not being reflected in the value of its native cryptocurrency, ADA.
ADA has a current price of USD $0.83, according to data from CryptoMarkets . A price much lower than its peak price of USD $3.1, which was September 2, 2021.
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