Cardano’s [ADA] highly anticipated decentralized exchange [DEX] SundaeSwap public Testnet was soon set to go live on 5th December 2021, as per the announcement by research and development firm, IOHK. However, the upcoming launch seems to get delayed as the DEX revealed a technical snag on its platform and assured that its team is working on resolving the bug while joking about rebranding their name to MondaeSwap, hinting that the project might get postponed to Monday.
So, what is the big deal about this new DEX?
SundaeSwap is one of the first decentralized applications [dApps] on the Cardano network and is similar to that of BNB’s PancakeSwap, or Ethereum’s SushiSwap which has further invoked curiosity in the community. Few days ago, IOHK conducted a interview, where SundaeSwap Lab’s CIO Pi Lanningham spoke some of the use cases that users can expect once the DEX go live.
Among them is the Toolkit for Cardano, that would facilitate users with smart contract testing and wallet integration. Explaining in detail, Lanningham revealed about the features that will allow users to test their transactions and reset the network as per their convenience.
Another important tool that got mentioned is the C-sync, that will allow ‘developers to read and react to state on the blockchain.’ The exec further went on to mention about an integration test framework for developers to simulate their protocols. Summing up, the exec stated,
The richer that we can make the Cardano ecosystem, the more opportunity there is for the kinds of software and the kinds of interconnectivity that we want to encourage to thrive… the more protocols there are that we can interact with the kind of richer the ecosystem and the more Cardano is able to deliver on its mission.
Cardano’s 1 million wallets milestone
The recent developments have generated an increased interest in the Cardano ecosystem and the holders of ADA tokens are reaping the benefits. Yesterday, the network achieved a new feat as the number of wallets staking the tokens reached a million in total. Interestingly, the network registered an almost 1000% growth in less than a month.
Staking has nevertheless generated an alternative source of revenue and the community now is pinning their hopes for a positive turnaround in ADA’s price action.