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    MuesliSwap just launched as the first DEX on Cardano mainnet

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    Today, MuesliSwap has launched as the first decentralized exchange on the Cardano mainnet backed by a newly developed token swapping protocol. This marks an important milestone for the Cardano DeFi ecosystem, which has recently seen a lot of speculation about the possibility of trading native tokens using on-chain smart contracts introduced by the Alonzo hard fork.

    MuesliSwap brings the order book model used by traditional stock exchanges to the blockchain, providing crypto traders with features like limit orders and peer to peer trading without the requirement of liquidity pools. The MuesliSwap protocol is designed to enable parallel transactions and large transaction volumes using a combination of smart contracts and off-chain matchmaking code. The accompanying whitepaper as well as the public mainnet beta version of the trading interface is available on the MuesliSwap webpage: https://ada.muesliswap.com.

    Unlike early attempts trying to simply reuse the Uniswap architecture from Ethereum, the MuesliSwap trading solution has been designed from the ground up, taking into account the specifics of the Cardano EUTXO transaction model, which makes it practical to use the order book model in a decentralized setting in comparison to account-based blockchains, such as Ethereum.

    “In principle, our solution is inspired by how traditional stock exchanges work, but there is one key difference. That is, anyone can become a matchmaker on the MuesliSwap platform. And because you don’t have liquidity pools, there’s less risk of someone withdrawing liquidity and making your tokens worthless, like we see so often on Uniswap based exchanges. Our goal is to bring together the best of traditional finance and DeFi,” explains Matt, Co-Founder of MuesliSwap.

    The team is looking forward to providing crypto traders all over the world with a solid tool to trade the tokens they love. With ADA MuesliSwap, the Cardano DeFi ecosystem is sure to be enriched by a range of trading features. More features are currently in development and planned to release in the future, including support for NFT trading and creating native tokens using a token launchpad.

    Contact:

    E-Mail: contact@muesliswap.com

    Twitter: https://twitter.com/MuesliSwapTeam

    Website: https://ada.muesliswap.com

    Media Contact
    Company Name: MuesliSwap
    Contact Person: Tim
    Email: Send Email
    Country: Switzerland
    Website: https://ada.muesliswap.com/

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    Shweta Raghavhttps://cryptonic.news
    Shweta Raghav is a distinguished blogger with a decade of experience, specializing in the dynamic world of cryptocurrency and blockchain technology. With an engineering background from Rajasthan Technical University, Kota, Shweta has seamlessly blended her technical expertise with her passion for writing to become a leading voice in the crypto community. She is the visionary behind Cryptonic.news, a platform dedicated to providing insightful analysis, news, and updates in the cryptocurrency space. Beyond her primary focus on cryptocurrency, Shweta maintains a broader interest in technology and education, as evidenced by her successful blog at edubuzspot.blogspot.com. Here, she explores a variety of topics, offering her readers a wealth of knowledge drawn from her extensive experience and engineering background. Shweta's journey in the digital space is driven by a deep-seated commitment to demystifying complex technological concepts for her audience, empowering them with the information needed to navigate the rapidly evolving tech landscape. Her work not only reflects her expertise in engineering and technology but also her skill in making these subjects accessible and engaging to a broad audience. As a mentor and influencer, Shweta is dedicated to fostering a community of learners and enthusiasts who are as passionate about technology and innovation as she is. Her contributions to the field have not only earned her a respected place in the blogging community but have also made her a trusted source of information and inspiration. For the latest insights into the world of cryptocurrency and technology, follow Shweta on her blog at cryptonic.news and edubuzspot.blogspot.com, or reach out to her at shwetaraghav39@gmail.com.

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