Search Results for: Minswap

Cardano-based decentralized exchange Minswap has witnessed a significant spike in transaction volume, driven by the focus on Cardano-based meme coins snek and bank. With growing volumes, concerns arise about the short-lived nature of meme coins, rapid fluctuations, and the long-term future of such platforms.

“Cardano network activity has surged, reflected by a rise in transactions and technical improvements. Despite a dip in active daily users, the ratio of transactions to active addresses is increasing, implying more active users. Key upgrades, including provision for Ethereum Virtual Machine smart contracts, could potentially boost token prices and expand the Cardano ecosystem’s utility.”