Cardano has trumped Ethereum and Bitcoin in terms of transaction activity
the network’s parameters as they keep working on scaling solutions during the “Basho” phase of the blockchain’s roadmap.
SundaeSwap launched in late January, but its debut was mired by technical issues. Some users started complaining about not receiving the native SUNDAE token after swapping. The project attributed numerous botched swaps to a high level of network congestion. At the time of writing this article, roughly 80% of all blocks remain full. In late January, blockchain load peaked at 94.1%, preventing applications from running properly.
Earlier this week, Cardano-based decentralized exchange Minswap also announced the completion of its security audit. The ADA price surged more than 40% in one week in the run-up to the SundaeSwap launch, but it has failed to hold onto these gains. The token is currently trading at $1.06 on the Binance exchange, struggling to stage a comeback.