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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.

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