Transaction volumes on Cardano-based decentralized exchange (DEX) Minswap spiked over the past few days as traders likely scoured the network for profit opportunities on meme coins. Volumes surged from just over $1 million at the start of May to $18 million on Tuesday. Minswap is the largest application on Cardano by locked value, holding 37% of over $175 million worth of tokens held on the network. Such activity could bolster prices of Minswap’s min (MIN) tokens, which accrue value from platform usage. Prices of the two tokens surged as much as 34% in the past 24 hours, data shows, with a cumulative $40 million traded on Minswap alone.
Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!
Android: https://links.hashd.co/android
Comentarios