Cardano DEX ADAX Goes live and ADAX partners with COTI
Decentralized exchange on Cardano blockchain Network is now live on mainnet. Team did a great job to keep the users away from network congestion issues.
Cardano is the 2nd biggest smart contract network and this is popularly known for its high security and high potential to handle the traffic in its blockchain network. After the Alonzo Hardfork, many Defi projects started working in the Cardano Blockchain ecosystem.
ADAX is the second Defi project on the Cardano Blockchain network, which goes live successfully. However, there are money projects that are under development but here we have only two projects to use. The main advantage to choose Cardano-backed DEX over Ethereum is to save trade fees.
Before the launch of this decentralized exchange, the team did huge hard work for more than 6 months to achieve this successful destination.
To keep the users away from any type of congestion, the team split its orders into UTXOs. And also the team tried its best to introduce a more decentralized exchange over other exchanges.
The team behind the ADAX spent much time to design the model of this exchange uniquely so that private, retail, and institutional investors can easily use the platform.
COTI network partnership with ADAX
On 30 January, ADAX team announced that the team established a partnership with the Coti network. The main aim of this partnership is to integrate the stablecoin of Cardano in ADAX.
Cardano partnered with the COTI network to work on its Djed Stablecoin project. During the 2021 Cardano Summit, Charles announced that they teamed up with COTI.
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