Skip to main content

Cardano: SundeaSwap Launches – Is the Load Too Big?

 


The launch of SundaeSwap is actually a joyful moment for the Cardano community and invested investors. After all, Charles Hoskinson promised a plethora of decentralized apps and protocols based on Cardano as early as 2020.


But the announcement contains a passage that provides material for discussion. It could take hours or days for transactions to be realized on the decentralized exchange. Although the planned release is a beta, most decentralized protocols carry this label. This raises the question of why you would want to deliver a product that might end up giving the impression that Cardano is lagging behind overall.


If you compare the competition, it quickly becomes clear that this concern is absolutely justified. Solana, Fantom, Avalanche, Terra and last but not least the Binance Smart Chain can score in their respective domains. And even if there are delays or failures in individual cases, it usually doesn't take hours or days, but seconds or minutes for a transaction to be confirmed.


Will SundaeSwap become a stress test?

In fact, the utilization of the network has been very high for a long time, which is ultimately due to the activation of the smart contracts. The question therefore arises as to whether there might not even be failures and delays if the decentralized exchange is populated by users in the coming week.


To counteract the growing problem, the size of the blocks had already been changed last year and increased by 12.5%. A total collapse of Cardano is unlikely, but at full capacity there could be at least temporary losses.


Hydra could help, but the second layer protocol is still under development. And so it's not unlikely that the launch of SundeaSwap will cause a lot of "FUD" and malice.


The market is unconcerned, the ADA price is rising

Most recently, the ADA price found support around $1 on January 10th. At press time, the price stands at $1.41 and is flirting with resistance at $1.53. The launch of SundaeSwap and investors' awareness of the event could add some momentum to things.



However, it is important to keep in mind that if the market decides a direction, Bitcoin could end up playing the larger role for ADA. The relatively low trading volume of BTC, which only occurs at certain peak times, reveals that this has not yet happened.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more