{"id":166247,"date":"2023-10-01T20:44:32","date_gmt":"2023-10-01T15:14:32","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=166247"},"modified":"2023-10-01T20:44:32","modified_gmt":"2023-10-01T15:14:32","slug":"massive-activity-on-cardano-based-minswap-pushes-key-metrics-near-aths-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/massive-activity-on-cardano-based-minswap-pushes-key-metrics-near-aths-crypto-news\/","title":{"rendered":"Massive Activity on Cardano-Based Minswap Pushes Key Metrics Near ATHs &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Minswap \u2013 which is the largest decentralized exchange on Cardano \u2013 witnessed a spike across various metrics after months of low activity.<\/p>\n<p>According to the latest update by DappRadar, Minswap\u2019s unique active wallets (UAWs) and transaction count increased by 89.85% and 63.05%, respectively over the past seven days. The volume was also up by a modest 16% in the last seven days.<\/p>\n<ul>\n<li>During the same period, Minswap added 11.29k UAWs, 129.59k transactions, and $592.08 million in trading volume.<\/li>\n<li>The weekly figures spiked due to massive activity recorded on September 24th, when the volume of the DEX surged to $6.86 million, as per the latest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/dapp\/minswap?range-ds=7d&amp;range-ha=30d\" data-wpel-link=\"external\">data<\/a>.<\/li>\n<li>On the same day, unique active wallets also climbed above 5.4k, while the transaction count hit 35.96k.<\/li>\n<li>Such activity could boost the prices of Minswap\u2019s native MIN tokens, which generate value from platform usage and are used as a governance token.<\/li>\n<li>The surge comes coincided with the launch of the ADA\/JPG trading pair, which was made available to users on the decentralized exchange.<\/li>\n<li>Besides, the last prominent spike was in May when the figures for all three metrics registered new all-time highs.<\/li>\n<li>Minswap continued to hold its position as the liquidity king of Cardano DeFi, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/cardano-records-impressive-49-qoq-growth-in-dapp-transactions-10-rise-in-tvl-report\/\" data-wpel-link=\"internal\">ending<\/a> the second quarter of the year with a total value locked (TVL) of approximately $50 million and a dominance of more than 32%.<\/li>\n<li>The figures have since dropped, and TVL is currently stuck near $40 million, DeFiLlama <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/minswap\" data-wpel-link=\"external\">data<\/a> revealed.<\/li>\n<\/ul>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0;clear: both\">\n<div><span style=\"font-size:11px;color: gray\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>).<\/p>\n<p><b>PrimeXBT Special Offer: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" data-wpel-link=\"internal\">Use this link<\/a> to register &amp; enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Minswap \u2013 which is the largest decentralized exchange on Cardano \u2013 witnessed a spike across various metrics after months of low activity. According to the latest update by DappRadar, Minswap\u2019s unique active wallets (UAWs) and transaction count increased by 89.85% and 63.05%, respectively over the past seven days. The volume was also up by a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":136820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-166247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=166247"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166247\/revisions"}],"predecessor-version":[{"id":166249,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166247\/revisions\/166249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/136820"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=166247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=166247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=166247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}