- The firm that built the popular Cardano wallet, AdaLite, is now working on a DEX.
- SundaeSwap's launch on Cardano was accompanied by failed transactions on the blockchain.
- The Ethereum-killer network's on-chain activity hit 90% of the Cardano blockchain's capacity.
- Analysts predict that Cardano price is at a make or break point, could reverse it's trend.
Cardano network activity hit a peak with a spike in transactions on the network. Charles Hoskinson, the CEO of IOHK, is awaiting the launch of Vaccuumlab's DEX on the Cardano network.
Cardano network prepares for the launch of Vaccumlab DEX
Recently SundaeSwap, Cardano network's first decentralized exchange, launched on the Ethereum-killer blockchain. Within the first few minutes of launch, transactions started failing. Smart contract execution on the Cardano network suffered network congestion with the launch of the first DEX.
Charles Hoskinson, CEO of Input Output Hong Kong (IOHK), is now awaiting the launch of Vaccumlab's DEX. Vaccumlab is a software development company that developed Cardano wallet AdaLite.
Really looking forward to this DEX on Cardano. There are so many coming online soon https://t.co/q8M9403hIp
— Charles Hoskinson (@IOHK_Charles) January 26, 2022