Minswap ranks as the number one decentralized exchange (DEX) on the Cardano blockchain in terms of total value locked (TVL). Now, it’s positioned to benefit from Bitcoin’s enormous $2.2 trillion liquidity pool. Cardano’s ecosystem is quickly making progress in anticipation of Bitcoin integration. Minswap is well positioned to capture the big first-mover advantage as they now become a fully functional BTC-enabled DEX. Minswap has an impressive liquidity provision and TVL of $83.43 million. This represents more than 25% of Cardano’s total DeFi landscape, placing Minswap in perfect position to enjoy the benefits from this integration.
Pioneering Bitcoin DeFi on Cardano
As the first of its kind Minswap has already achieved major accomplishments in bringing Bitcoin DeFi together. In fact, Charles Hoskinson recently deployed the Cardinal Protocol, Cardano’s inaugural Bitcoin DeFi alternative. This launch is the culmination of a long-standing vision by the Minswap team. This monumental move sets the stage for Minswap to become the first Bitcoin-enabled DEX on Cardano.
Minswap’s founder has a number of pieces stacked in its favor to come out as the first Bitcoin-enabled DEX on Cardano. Minswap being an active player in Cardano’s growing ecosystem, Cardano is making a slow but positive progress towards Bitcoin integration.
Minswap is the largest DEX on Cardano – the first and largest UTXO smart contract chain that will plug into Bitcoin. 🟠🤝🔵 - Andrew | BitcoinOS (@AThrouvalas)
First-Mover Advantage
With nearly $550,000 in daily trading volume, Minswap is now the largest DEX on Cardano. As a proper BTC DEX, Minswap will have a first-mover advantage with the upcoming Bitcoin integration.
That means Minswap will have a first-mover advantage as a proper BTC DEX. It's hard to underestimate the opportunity. - Andrew | BitcoinOS (@AThrouvalas)
Minswap’s considerable headstart in infrastructure will give it some competitive advantage as the ecosystem continues to progress. For Minswap, the launch of the Cardinal Protocol is a significant achievement.
Tapping into Bitcoin's Liquidity
Minswap wants to get a piece of the action from Bitcoin’s $2.2 trillion liquidity pool. In addition, Minswap’s robust infrastructure will likely help them stay competitively ahead as the ecosystem continues to progress. Having this type of integration will create new possibilities with amazing experiences for users across the entire Cardano ecosystem.
Minswap could be in for a major windfall thanks to this new potential, courtesy of Cardano’s soon-to-arrive Bitcoin support. The Cardinal Protocol is a significant milestone for Minswap.
