Cardano-based decentralized exchange (DEX) SundaeSwap has announced that it will enter the testnet phase on December 5. SundaeSwap is a decentralized exchange protocol for Cardano and allows users to exchange ADA. With the protocol, you can exchange, stake, lend, borrow and other transactions in a decentralized manner. The project is now announcing the highly anticipated testnet phase and thousands of users will be able to try out one of the most notable projects in the Cardano network.
What will be done in the testnet on the Cardano network?
The purpose of the testnet is to discover and fix some bugs and inefficiencies before the upcoming mainnet launch. It will also help the Input Output team adjust performance metrics of the network so it can run smoothly under heavy load. The project team says the testing phase is an opportunity to preview:
Testnet is an excellent opportunity to load new parameters so they can evaluate performance and push these limits even higher.
Let’s take a quick look at the ADA price
ADA price did not end the downtrend of recent weeks despite the developments in the network. Cardano (ADA) fell to August levels in the market-wide decline on November 26 and rose 5% on December 2, accompanied by the SundaeSwap announcement. The sixth largest cryptocurrency by market cap is currently trading at $1.70. Cryptocoin. com
You can take a look at the Cardano analysis we prepared as here.
