Cardano-Based DEX ADAX Unveils New Testnet Version

Cardano-Based DEX ADAX

Cardano-based decentralized exchange ADAX, a custodial order book based platform, has launched a new model of its testnet dubbed ADAX DEX V2.

Cardano blockchain currently has more than $144.42 million in total value locked at #31 among DeFi chains. The blockchain hosts decentralized applications, including MinSwap, SundaeSwap, and MuesliSwap.

The Ethereum-Cardano token bridge Iagon recently went live to enable cross-chain interoperability of tokens across multiple blockchain protocols. The bridge allows for the conversion of ERC20 tokens to CNT IAG tokens.

Cardano has set June 29 to release its mainnet proposal Vasil hard fork. The fork will have reference inputs, inline datums, reference scripts, and collateral outputs.

Cardano’s ADA token is currently trading at $0.06, a 7% dip in what is considered as traders withdrawing profits. Cardano has recorded the mining of more than 5 million NFTs. The native tokens issued on the network have surpassed 5,019,030 with 54,986 minting policies.  

Source: Twitter 

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