By Sukanya Ganesh — Aug 8, 2022

📈 Exchanging on the Cardono Blockchain

AdaSwap Dex and how it allows for easy trading on the Cardono blockchain

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AdaSwap Dex - trading on the Cardono blockchain with ease

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AdaSwap Dex - trading on the Cardono blockchain with ease

AdaSwap Dex is one of the most anticipated blockchain projects building on Cardano blockchain-it’s an AMM that facilitates trading of Cardano blockchain-based tokens. Cardano has been a blockchain of interest to many developers due to its compelling features, Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibilities for the many, as well as the few, and bring about positive global change.

Adaswap DEX is expected to be the biggest protocol built on Cardano blockchain because despite the compelling features that the Cardano blockchain possesses, Cardano does not yet have a similar decentralized exchange (DEX), which means tokens built on the Cardano network don’t have a native exchange launchpad and must rely on centralized exchanges for trade. Soon AdaSwap will be the native exchange that Cardano needs to provide liquidity to projects that create native assets and a thriving ecosystem.

AdaSwap is an automated liquidity protocol that facilitates trades within the Cardano ecosystem in a completely decentralized and noncustodial way. AdaSwap Dex has no order book — it eliminates all intermediaries, complexity, and cumbersome procedures from the equation, offering users untrammeled freedom to trade without censorship or loss of control over their assets.

When an individual or an entity wants to swap two assets, an AMM is like a robot that is always able to quote a price. AdaSwap DEX uses a mathematical formula to provide traders with an immediate quote based on the current liquidity of a trading pair. Crypto owners invest their digital assets to provide liquidity in a liquidity pool on AdaSwap. In exchange for providing liquidity, they will earn tokens from the fees the AdaSwap DEX receives.

Users can maintain full control of their tokens and are not required to give up their private keys so that their orders can be logged as they are on a centralized exchange. Decentralization is not just about user privacy but also about eliminating the risk of asset loss in the improbable event of exchange security being compromised.

The ability to adapt to changes in the fast-moving world of crypto is essential. That is why AdaSwap has expedited its development to coincide with the release of new Cardano functionalities. AdaSwap will be facilitating token swaps, ensuring market liquidity, and enabling users to make full use of the network’s capabilities.

AdaSwap has raised a total of $2.6M in funding. Aaron Tait and Itay Levy are the co-founders of AdaSwap.