The Cardano ecosystem has been exploding with activity. And there are top-quality projects building on it. Today, we’ll shine the spotlight on three top Cardano projects.
These projects have good value propositions, good teams, and an active community. All this generally leads to good price pumps in the bull market. Let’s look at our list.
COTI is one of Cardano’s projects with impressive use cases. This platform, which stands for “Currency of the Internet,” is also one of the most undervalued projects. COTI facilitates fast and secure transactions with cheap fees. It allows businesses, governments, and organizations to issue their own tokens.
COTI’s CEO, @shahafbg, discusses recent events in the crypto world and shares some COTI updates including Djed, SHEN, gCOTI, Enterprise development status, as well as answering some community questions.
— COTI (@COTInetwork) July 18, 2023
So, COTI provides a modern solution to the fintech space. It makes payments efficient for buyers and sellers. This platform merges traditional finance concepts such as:
- Loyalty programs.
- Cross-platform payments DeFi use cases. This way, it uses blockchain to simplify payments.
Coti has also launched bank accounts and Visa debit cards. This further creates a link between the finance world and the crypto industry. Also, COTI launched COTIPay, a payment service that supports different payment patterns. In addition to all these, COTI supports P2P payments.
Cardano has invested more than a million dollars in COTI already. This shows its faith in the project. This project is also behind Cardano’s best-designed stablecoin, the DJED stablecoin. COTI also allows you to create your own stablecoin with full control over it.
— COTI (@COTInetwork) June 22, 2023
Now let’s talk about the COTI token. The COTI token operates on Trustchain, Ethereum, and BNB Chain. It currently trades at $0.04649. It has a circulating supply of 1,219,255,922 COTI coins. There is a maximum supply of 2,000,000,000 COTI coins.
Every good ecosystem needs a good DEX. For example, we have Uniswap on Ethereum, PancakeSwap on the Binance chain, QuickSwap on Polygon, and Trader Joe on Avalanche. DEXes are the cornerstone of any crypto ecosystem.
4/ @Cardano dominated Q2’23 DeFi growth, leading in TVL, Stablecoin Market Cap, and DEX volume among featured L1s despite a 27% QoQ decrease in $ADA‘s price. @MinswapDEX remained vital, but other post-Q4’22 protocols like Indigo, Djed, Liqwid Finance, and VyFinance also excelled. pic.twitter.com/4qrHzANCcO
— Messari (@MessariCrypto) July 20, 2023
DeFi activities are currently on the rise in Cardano. Minswap currently leads that department. MinSwap plans to be the #1 liquidity provider in the crypto market. It plans to achieve this by integrating the best asset pool models from different ecosystems into one protocol.
Data from DeFillama shows that Minswap has the highest TVL on Cardano. And that’s a testament to its popularity on the network. Minswap is Cardano’s biggest DEX and also the most mobile-friendly. Minswap has several advantages over most DEXes. For example, not every DEX has a launchpad. But Minswap has the Launch Bowl launchpad for DeFi projects on Cardano. Minswap allows users to trade and swap assets with low fees.
Minswap also has some pools and farms that offer good rates. Minswap’s position as the leading project on Cardano in terms of TVL is a good reason to consider it. Also, it is community-owned. And is working hard to stay that way.
The project’s tokenomics is another reason why Cardano users love it. About 70% of their tokens go to Yield Farming and are available to the public. Interestingly, the team got only 10%, while 6% was for their DAO Treasury too. Minswap has a fair token distribution. In fact, one of the most transparent I have seen in a while.
📊 Minswap monthly stats are in!
Highlights this month:
🔵Volume slightly down after the memecoin season.
🔵@snekcoinada continues to dominate Volume, closely followed by @IagonOfficial and @LenfiOfficial.
🔵$ADA accumulated through the Fee Switch crosses 1mn. pic.twitter.com/rSZWb6FzgI
— Minswap Labs (@MinswapDEX) July 31, 2023
Minswap’s Babel fee mechanism is another reason for its growth. It allows users to pay transaction fees in other tokens without needing to hold ADA. Aside from being a DEX, Minswap provides the following services:
- Launchpad: I already mentioned this. Minswap’s launchpads support new projects on Cardano. It offers the community access to Initial Dex Offerings (IDOS).
- Yield Farming: Minswap rewards liquidity providers who stake liquidity pool tokens with the MIN token.
- Governance: MIN token holders can vote on future proposals on the platform.
MuesliSwap is the first decentralized Mueliswap is the first DEX on Cardano. Although Minswap takes much of the spotlight, Mueliswap remains a force to be reckoned with. It provides Cardano users with a smart contract-powered trading platform. Some of the services it offers include:
- Classic Order Book swaps.
- Liquidity pools.
- AMM swaps.
Next takeoff open your eyes @MuesliSwapTeam
Upcoming implementation to allow community decisions.
Accumulated funds for future proposals and buybacks.
New utility for trading native Cardano assets.
🚨4-Cross-chain Atomic… pic.twitter.com/VRoACYYH1y
— Chris v (@chottyksv) July 29, 2023
Mueliswap also provides a decentralized token launchpad and an NFT marketplace. It is currently the 6th largest project on Cardano in terms of its TVL.
We recently listed Mueliswap as one of the tokens we believe could see up to 20x. Mueliswap’s MILK token currently trades at $4.39, which is around 9x from its bear market low of $0.49.
That’s it for our Cardano projects. Let us know which one of them is your favorite.
📢 Exciting news for the MuesliSwap community! 🥳 Off-chain voting is just around the corner. Here’s how it works:
1️⃣ Generate ideas on the Governance Forum
2️⃣ Create formal proposals with provided templates
3️⃣ Gauge support with a temperature check
4️⃣ Official voting on the…
— MuesliSwap Team🥛 (@MuesliSwapTeam) August 1, 2023
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