Cardano Ecosystem Builder AdaSwap’s First Public Testnet Goes Live
- AdaSwap launches its public testnet on June 29.
- The testnet will be deployed on the Milkomeda network.
- This Layer-2 solution represents over $36 million in Total Value Locked (TVL).
The blockchain ecosystem builder AdaSwap, who is known for facilitating one of ADA’s first decentralized exchanges backed by Gal Gadot and Shima Capital, launches its testnet on June 29. With this, AdaSwap becomes one of the first to launch on the Milkomeda Network and tap into Ethereum Virtual Machine capabilities.
AdaSwap’s testnet launch marks a critical milestone for the undertaking and the wider ADA environment since the group has been building the decentralized exchange for the Cardano ecosystem for the previous few months.
Capability of Cardano Ecosystem
With this residue-2 protocol, developers can supply Ethereum Virtual Machine (EVM) skills to blockchains that aren’t EVM-like minded. Moreover, AdaSwap extends the capability of the Cardano ecosystem and allows the constructing of prominent as well as complicated services and products.
As the Layer-2 solution represents over $36 million in Total Value Locked (TVL), exploring Milkomeda seems coherent for AdaSwap. Besides, builders have proven keen hobby in bringing extra functionality to their groups and Cardano’s first functional sidechain.
Following the deployment of the testnet, this mission holds a tremendous first-mover advantage to create a micro-ecosystem to allow more humans to construct on and use the Cardano blockchain, as knowledgeable to CQ by people with understanding of the matter.
While speaking about the release of its public testnet, AdaSwap’s CEO Itay Levy sounded hopeful about the blockchain interoperability blessings that Milkomeda will provide. He substantiated this through saying,
Deploying on Milkomeda has allowed AdaSwap to set up at a fast pace and bring lightning-rapid usability to our DEX for Cardano native belongings. We can’t anticipate our network to explore those new opportunities and produce a brand new wave of liquidity to the Cardano DeFi environment.