AdaSwap, a crucial infrastructure service for the Cardano (ADA) DeFi ecosystem, invites Web3 enthusiasts to test the service.
The testnet launch of AdaSwap, the platform for building decentralized finance applications on Cardano (ADA), is poised to unlock new opportunities for Web3 businesses in the PoS network. According to the official announcement shared by AdaSwap, the tools are now available on the public testnet. The protocol supports one of the first decentralized cryptocurrency exchanges (DEXs) of the Cardano (ADA) ecosystem.
AdaSwap is also the first decentralized application ecosystem built on top of Milkomeda, a Layer 2 solution for the Cardano (ADA) blockchain. Making statements on the subject, AdaSwap CEO Itai Levi used the following statements:
“Deployment on Milkomeda has allowed Adaswap to deploy quickly and bring lightning-fast availability to our DEX local assets for Cardano. We expect our community to explore these new opportunities and bring a new wave of liquidity to the Cardano DeFi ecosystem. We also look forward to the blockchain interoperability benefits Milkomeda will deliver.”
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