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@MinswapDEX Dominance A Thread 🧵

In MY HUMBLE OPINION #MINSWAP has ESTABLISHED itself as the NO. 1 #DEX for #DEFI In the #CARDANO Ecosystem. Not Only Has $MIN had a beyond impressive performance against #BITCOIN & #CARDANO as stated below as per @CoinMarketCap with $MIN up Image
33.05% in the last 30 days as opposed to #BTC which is up 13.05% in the last 30 days & #CARDANO down 8.86% in the last 30 days (In other words if you want more #ADA & #BTC VALUE in your portfolio, HOLD $MIN) NFA. @MinswapDEX has also continued to maintain approximately 40%
Dominance in #TVL amongst all #DEFI protocols on #CARDANO as per @DefiLlama. As a result of this continued growth and Out performance of other #DEXES & #DAPPS, I strongly believe @MinswapDEX will continue to keep the lead into the the bull market and if anyone knows anything
Read 4 tweets
#Cardano $ADA has seen an impressive 30% increase in price over the past week - here are 4 possible reasons for this rally #CardanoCommunity

🧵A thread by @esatoshiclub Image
1. Cardano's #TVL has skyrocketed by 40% since the start of 2023! At the moment, it stands at around $67.29 million and @MinswapDEX holds the majority of it. Image
2. #DeFi trading volume is skyrocketing! In the past 7 days alone, total transactional volume on #Cardano-based #DeFi protocols increased by 57%, with #Minswap alone seeing a 76% increase.
Read 5 tweets
@officialmocossi LBE is coming to #Minswap on July 15th 🔥. This will be the first Launch Bowl Event on Minswap and will have some improvements from the time the Minswap LBE was deployed.

How will it work? 👇
There will be 2 phases: Discovery and Encounter. In the Discovery phase (lasts 10 days), participants can deposit $ADA and receive “mcosADA” in exchange. This mcosADA can be redeemed for $ADA anytime, but during the last 2 days of the phase there will be a 25% fee for doing so.
In the Encounter phase, you can redeem $MCOS/$ADA LP Tokens for the mcosADA you had previously obtained, as well as 2 NFTs. By supplying $ADA you are swapping half of the $ADA for $MCOS, at the price which will be determined at the end, depending on how much $ADA was deposited.
Read 10 tweets
1/6 @CardanoStiftung TVL Records A New ATH.

Bullish activities have not slowed down in the #Cardano ecosystem with TVL on #CardanoADA DeFi protocols has reached a new ATH of over $134M.

Per data from @DefiLlama, the TVL of @Cardano DEXs has surpassed its previous high of $130M.
@CardanoStiftung @DefiLlama @Cardano 2/6 The @DefiLlama dashboard shows #Cardano TVL to be even higher when staked governance tokens are added to the TVL valuation. However, the live TVL of the proof-of-stake blockchain was around $133 at the time of writing.

#ADA #CardanoADA #CardanoCommunity $ADA @Cardano
@CardanoStiftung @DefiLlama @Cardano 3/6 Among the #Cardano DEXs Defillama tracks, @SundaeSwap has the largest TVL. #SundaeSwap maintains an 88.77% dominance, with over $116 million in TVL. The automatic market maker DEX has seen its TVL increase around 72.43% in the last month.

#ADA #CardanoADA #CardanoCommunity
Read 6 tweets

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