Cardano's price surged more than 10% in 24 hours as the network's first DEX, sundaeswap, announced its launch date. By shauryamalwa
The SundaeSwap DEX is launching in beta on Cardano later this week.. exchange on the Cardano blockchain.
“SundaeSwap will launch as a fully-functional beta decentralized exchange ,” the project's developers confirmed in aon Sunday. Projects will be allowed to create trading pools for their tokens after Tuesday, the team added. Cardano surged to $1.55 in European morning hours on Monday, up from Sunday’s lows of $1.28. Charts show $1.5 is a historic resistance level, suggesting some profit-taking could occur and potentially push prices downward.
Top DEXs built on other blockchains are some of the most valuable products in the crypto market. Tokens of Ethereum-based Uniswap have a market capitalization of about $7.7 billion, while those Binance Smart Chain-based Pancakeswap have a market capitalization of $3.
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