🔷 Charles Hoskinson, the founder of Cardano, one of the leading proof-of-stake blockchain networks, expressed optimism about the future of the technology. His confidence is supported by performance data from SundaeSwap V3 — a popular DEX based on AMM that recently launched on the Cardano network.
🔷 The third version of SundaeSwap offers a more efficient pricing model and can handle up to 35 transactions per second. This enables it to process a massive 907,200 orders in a single day. Just in the last 24 hours, approximately 9,264 orders were processed.
🔷 It is expected that SundaeSwap V3’s high transaction speed will solve the network congestion issue on Cardano and lead to an increase in the total value locked (TVL) on the blockchain. Currently, Cardano ranks 29th by TVL, lagging behind projects like Scroll and Gnosis.