Cardano’s (ADA) Biggest Decentralized Exchange, MuesliSwap, Completes Major Upgrade

The improvements promised by the Vasil upgrade are beginning to show, with MuesliSwap, Cardano’s first decentralized exchange (DEX).

cardano milk DEX exchange muesliswap

The improvements promised by the Vasil upgrade are beginning to show, with MuesliSwap, Cardano’s first decentralized exchange (DEX), now integrating Plutus v2 contracts and liquidity pools to offer better services.

MuesliSwap Completes Major Upgrade After Vasil

MuesliSwap launched in November 2021, after the Alonzo hard fork brought smart contract support, but had limited features. With Vasil bringing the full range of smart contract features, MuesliSwap has performed a major upgrade.

On October 5th, the MuesliSwap team announced that it had successfully implemented Plutus v2 contracts and liquidity pools Vasil brought to the Cardano network. This is expected to make trading much more efficient.

This makes MuesliSwap the first DEX on Cardano with both Orderbook and Automated Market Maker (AMM) trading. Prior to Vasil, the DEX was based on the simple order book model.

Role of the Vasil Hard Fork

The Vasil hard fork introduced new updates that make trades placed on MuesliSwap take much less space on the blockchain. The DEX is also expected to have significant improvements in transaction size and cost.

The MuesliSwap Team also announced that Cardano’s upgrade will make it possible for the project to launch a yield farming product with double and triple yield opportunities, which will launch in the coming weeks.

On the Flipside

  • Renowned futures analyst Peter Brandt has identified a bearish trajectory for Cardano (ADA) and believes its price is headed for sub-$0.30 levels.

Why You Should Care

The Vasil hard fork introduced new functionalities that would allow developers to build and deploy more sophisticated dApps on the Cardano network.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia