Cardano is ready for price hike as DEX Public Testnet goes live

Cardano-based AMM protocol SundaeSwap announces the launch of its public testnet. The protocol is now open for users to try out and report bugs.


SundaeSwap launches testnet

SundaeSwap, an automated market maker (AMM) protocol created on Cardano, recently launched its public testnet.

Before the launch, the SundaeSwap team emphasized that the testnet would help the DeFi protocol in several ways. Most importantly, it would help identify any bugs that will occur if used by thousands of users at once. It will also help identify unexpected situations that may arise for the brand new platform. To collect information about bugs that users encounter, there is a form that testers can fill out.

In addition, SundaeSwap emphasizes that the testnet will provide a safe place for potential users of the platform to learn the ins and outs of using the new protocol. The testnet also lets the protocol gradually bring pool operators into play and allows the platform to tweak its parameters to their liking.


IOHK continues to support Cardano projects

SundaeSwap is one of the most hyped projects on the Cardano network. Before announcing that the testnet was going live, IOHK stated it was looking forward to its launch. Also, it was already working with the team to make sure everything goes according to plan.

IOHK explained that the test net is intended to stress test the Cardano network. Thus, it can “check and analyze the current network parameter settings”. It advises users to expect congestion and bugs on the testnet. But ensures that all bugs and issues that appear on the testnet are quickly resolved before the time comes for the mainnet.

Cardano has also stated that it is committed to gradually building out the blockchain. The network is known for its methodical approach in introducing new features to avoid errors. However, Cardano also emphasized flexibility and high resilience as some of his fundamental principles.


Other highly anticipated projects are being built on Cardano

The Cardano ecosystem is poised for an explosion of projects that will start on it in the future. This has been demonstrated in the increasing on-chain activity marked by the blockchain exceeding 1 million delegators of the stake pool.

In November, Cardano was the third most actively developed blockchain with 118 GitHub commits to the network. Some of the long-awaited projects at the moment include Ardana, a decentralized stablecoin hub that will bring much-needed DeFi capabilities to the Cardano network. Described as a RealFi project, Empawa is also billed as another exciting project being built on the largest PoS blockchain.

At the time of writing, the price of 1 ADA token is around $1.45. That is 14 percent higher than a day ago.

If you click links in this post to buy something, we may earn a commission. Thanks.

Must Read

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here