Cardaswap DEX to be an Automated Market Maker on the Cardano Network 

Cardaswap DEX Aims to Become the Uniswap of the Cardano Network

There is no denying the fact that the Cardano blockchain ecosystem and the price of its native currency, ADA, have surged exponentially in popularity in the past few months. This has come after the successful rollout of the Alonzo Purple and the much-awaited Alonzo hard fork, which will mark the arrival of smart contracts for Cardano in the month of September.

When blockchain participants provide Cardano Blockchain Assets in the Liquidity Pool, the subscribers, in return, pay a small fee for liquidity, and the vendors gain their deposit back.

The utility token of Cardaswap ($CADA) is going to be built initially on the Ethereum Blockchain but will later be getting bridged to the Cardano blockchain following the Alonzo Hard Fork.

Holders of $CADA will be having the ability to save their money and pay fewer fees, stake their LP tokens to farm the native token of Cardaswap and can even stake $CADA for exclusive airdrops.

Cardaswap’s Future Goal and Vision

As revealed, Cardaswap has plans to launch its AMM exchange by the end of quarter 3 of the year 2021, making them the very first decentralized exchange on the Cardano Blockchain following which it will begin its listing process on exchanges like GATE, MXC, and Huobi.

In addition to this, it should be noted that Cardaswap is working on their NFT Marketplace of which by the month of December the users will be able to mint and trade non-fungible tokens on its marketplace.