The Minswap DEX goes live on the Cardano mainnet

Minswap, a multi-pool decentralized exchange, successfully debuted on the mainnet after completing the security audit.

A stock photo of a multiple neon Cardano logos.

Currently, Minswap has $50m in total value locked (TVL), which places it on the second place in the Cardano ecosystem after SundaeSwap with $123m in TVL. Minswap has the ambition to become “the cutting edge of Cardano DeFi”, according to a company announcement, and plans to implement novel features such as Initial Farm Offering launchpad and multiple kinds of AMM liquidity pools.

According to the roadmap, Minswap will embrace Collective Governance through a DAO in the second quarter of 2022. The company also plans to introduce profit sharing and elements of gamification.

Compared to other Ethereum top competitors, such as Solana, Tezos, and Avalanche, Cardano’s $174m TVL is still quite modest. However, some experts see the potential for Cardano to reach $1 billion TVL by the end of the year.