SundaeSwap v3 on Cardano: A Major Upgrade for Faster and Cheaper Transactions

Get ready for the SundaeSwap v3 launch, promising a tenfold increase in transaction speeds and lower fees on the Cardano network, set to transform the efficiency of decentralized exchanges.

Enhanced Transaction Capabilities and Reduced Fees with SundaeSwap v3

SundaeSwap, a decentralized exchange (DEX) enabling trading of Cardano (ADA) related tokens, has announced the imminent launch of "SundaeSwap v3" on the mainnet, scheduled for May 3, 2024.

This significant upgrade will introduce a vastly improved performance for the platform.

SundaeSwap operates as a decentralized exchange that facilitates the swapping of various tokens based on the Cardano blockchain. It also offers functionality for liquidity providers to earn fee rewards, and has issued its own token, "SUNDAE."

According to the official announcement, if the current proposal vote passes, "SundaeSwap v3" will go live on May 8, 2024, or shortly thereafter. This upgrade is expected to increase transaction processing speeds by tenfold and reduce transaction fees.

Handling 518,400 Orders Daily with SundaeSwap v3

While "SundaeSwap v1" was capable of processing approximately 51,840 orders per day, "SundaeSwap v3" is projected to handle about 518,400 orders daily, literally enhancing the transaction processing speed by ten times.

This upgrade significantly improves scalability, enabling the platform to handle a larger volume of transactions while also reducing the fees incurred during trading.

SundaeSwap has already released the "Whitepaper for SundaeSwap v3" and published a "Performance Comparison Article" in February 2024, providing insights into the enhancements and performance benchmarks.

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