Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Cardano: Will Rising DEX Volumes Bear Fruit for ADA?
ALTCOIN NEWS

Cardano: Will Rising DEX Volumes Bear Fruit for ADA?

By Crypto FlexsJanuary 16, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cardano: Will Rising DEX Volumes Bear Fruit for ADA?
Share
Facebook Twitter LinkedIn Pinterest Email

  • Cardano’s DEX trading volume has surged amid ongoing discussions about stablecoins on the network.
  • Cardano-based stablecoin USDM has confirmed its launch update.

Cardano (ADA) has seen its price drop significantly over the past month amid renewed interest in altcoins. Despite these modifications, there may be optimism about ADA as interest in the ecosystem expands.

volume surge

One indicator of growing demand in the Cardano ecosystem has been the rise in popularity of decentralized exchanges (DEXs). Minswap, a popular DEX for Cardano, has seen a surge in daily trading volume, surpassing 10.5 million ADA.

This increase in DEX volume suggests a positive outlook for Cardano and indicates increased activity and participation within the ecosystem.

Just joined: Cardano $ADA DEX Minswap $MIN Daily trading volume exceeds 10.5 million ADA.

— Adaptive News | Cardano and Ergo News (@AdaverseNews) January 14, 2024

However, there have been some bumps in Cardano’s path in the DeFi sector.

Stablecoin Season

The delay in launching the USDM stablecoin initially affected sentiment towards Cardano and the DeFi sector.

However, the introduction of Cardano native stablecoins like USDM, along with the newly proposed launch date, have the potential to enhance the DeFi landscape of the Cardano protocol.

$USDMCardano’s Premier Fiat-backed Stablecoin Launches March 16, 2024

— Gillian Plomin || Mehen CEO (@Mehen_CEO) January 14, 2024

As well as, debate It has also emerged surrounding a potential implementation of USDC on Cardano. These developments could further contribute to the growth and adoption of Cardano, expanding its utility and appeal.

However, despite these advancements, data from Artemis shows stablecoin growth on the Cardano protocol has declined.

The proposed launch of USDM and the possible integration of USDC could help Cardano improve this sector in the future.

Source: Artemis

Moreover, Cardano has faced challenges in other areas as well. Daily active addresses on the network have decreased and transactions have also decreased.

This decrease in network activity may impact overall engagement and engagement within the Cardano ecosystem.

Source: Artemis

Additionally, the fees generated by Cardano have also taken a hit, negatively impacting network performance.

Reducing fees could impact incentives for network validators and potentially impact the overall health of the Cardano blockchain.


Is your portfolio green? Check out our ADA Benefits Calculator


At the time of writing, ADA is trading at $0.53776, down 1.26% over the last 24 hours.

ADA’s trading volume has also decreased, reflecting the current difficulties Cardano faces in maintaining market activity.

Source: Santiment

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025
Most Popular

What’s next for cryptocurrency? Bitcoin ETF approval sets the stage for a new era

January 12, 2024

Devcon Archive V2 announced | Ethereum Foundation Blog

January 4, 2024

Whales Secure 30 Million XRP As Ripple Launches RLUSD Stablecoin

December 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.