Cardano
Cardano (ADA) And Avalanche (AVAX) Paving the Way for Ecosystems Like Xchange Monster (MXCH)!
Xchange Monster (MXCH) is a GameFi platform aiming to create a new dynamic catering to the needs of gamers and publishers. The platform will be a bridge to allow seamless communication and efficiency in the crypto-gaming sector, attract more users to the space and make it simple for everybody to understand.
Xchange Monster (MXCH) will have three core components that make up the ecosystem. The first is the Monster Wallet; it will enable users to store and trade multiple cryptocurrencies safely. Monster pay is a payment gateway allowing operators to exchange crypto through a regulated exchange. The Monster Exchange is a new decentralized exchange that will enable users to trade cryptocurrencies using sophisticated trading tools.
An important factor driving Xchange Monster (MXCH) is that the platform is regulated and authorized to proceed with financial transactions. Many platforms in the DeFi sector currently struggle with regulation, and gamers find it difficult to redeem in-game rewards. The regulation enables a simple process and allows users to take advantage of an efficient process. The platform is recognized by The Swiss Financial Market Supervisory (FINMA).
The Xchange Monster (MXCH) team has an impressive track record, combined with over 30 years of experience working in their respective fields. Members of the organization have worked previously for high-profile companies such as Amazon and Microsoft. The team is also doxxed so users can ensure the trust and capabilities of the team by simply searching online and verifying them.
Cardano (ADA), a Developers Playground
Cardano (ADA) is a layer one protocol aiming to create a platform that can process more transactions at a lower cost. The objective of the network is to protect users’ data by combining distributed ledger technology with smart contract capabilities.
Users of the Cardano ecosystem can build smart contracts, create decentralized applications, and send/receive funds with low fees. The Cardano native token, ADA, is used as a transfer of value similar to other cryptocurrencies. What separates Cardano from alternative layer one networks is the functionality.
Stake pool operators use the staking system to maintain the protocol’s security. Users who stake their ADA tokens on the blockchain utilize the tokens to verify transactions.
Cardano (ADA) combines features of both Ethereum and Bitcoin. However, it has tweaks and features inherent to third-generation blockchain that help it overcome its limitations. It is also known as the first blockchain network assisted by scientific study and peer-review, giving users of the network an added sense of security.
Avalanche (AVAX) To Reach New Heights?
Avalanche (AVAX) is an ecosystem designed to function as a secure, decentralized network. The protocol leverages three blockchains to create an interoperable and trustless network for developers to build upon. Avalanche also offers payment solutions in the form of the native token AVAX.
Avalanche (AVAX) was designed to be a scalable network. It has demonstrated sub-second transaction times, putting it on par with the best payment processors in the world, such as Paypal and VISA. The blockchain can process over 6,500 transactions per second. All transactions feature sub-second finality as well.
The core feature of Avalanche is the ability to build and develop blockchains. The blockchains are known as subnets within the ecosystem. Developers have complete control over these blockchains. They can set up networks with unique tokens and fee structures.
What’s Next for These Tokens?
With the market undergoing a period of consolidation, it is an excellent opportunity to research and analyze projects with high potential. All three projects present an opportunity for potential returns. Xchange Monster (MXCH) will likely attract many users to the platform with critical functionalities vital to the GameFi space. The presale ends in under two weeks, so there is still time!
For more information on Xchange Monster visit:
Presale: https://xchangemonster.boostx.finance/register
Website: https://xchangemonster.com/
Discord: https://discord.gg/M5hu5HwbeJ
Telegram: https://t.me/xchangemonsterofficial
Twitter: https://twitter.com/Xchange_Monster
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any service.
Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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