Cardano’s Sundae V3 Hits 9264 Orders in 24 Hours

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As a long-term Cardano investor, I’m thrilled to see the recent surge in activity on Sundae v3, the decentralized exchange of the Cardano blockchain. The impressive performance stats shared by Pi Lanningham, Sundae Labs CTO, are truly remarkable – with over 9,000 orders processed in just one day!

Cardano‘s decentralized exchange (DEX), Sundae v3, has set a new benchmark with an impressive 9,264 transactions processed in a single day. This significant increase in activity has piqued the interest of Cardano founder Charles Hoskinson, who expresses his belief that the protocol is experiencing renewed energy and growth.

And remember that so much amazing tech is coming over the next few years. Cardano is waking up

— Charles Hoskinson (@IOHK_Charles) June 23, 2024

Pi Lanningham, the CTO of Sundae Labs, presented noteworthy figures with a processing speed of 900 orders per block. Approximately half of the transactions occurred in under thirty seconds, while around ninety percent were completed within a mere four-minute timeframe. These numbers clearly demonstrate advancements in efficiency.

As a Cardano analyst, I’ve noticed an increase in activity within the network. This surge comes with anticipation as we approach the scheduled Chang Hard Fork upgrade in June. Hints from Charles Hoskinson suggest that the Cardano Node is nearing version 9.0, preparing us for this significant update.

As an analyst, I’ve been closely monitoring the Cardano ecosystem and its recent surge of activity. One significant shift that has stood out to me is the move towards decentralized governance. The company is taking steps to implement Decentralized Representatives (dReps), which will give the community a more prominent role in treasury management.

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2024-06-24 01:40