Bitrue: Fosters Cardano Native Asset Adoption with SundaeSwap listing
Cardano is arguably one of the most popular blockchains in the crypto world due to its wide range of applications in different sectors. The blockchain enables users to create smart contracts and decentralized applications (dApps) on its platform while ensuring decentralization and security.
These innovative characteristics have propelled Cardano to the top 10 cryptocurrency projects based on marketcap, and its ecosystem hosts hundreds of decentralized applications and solutions.
Bitrue, a top-class crypto exchange, has a rich history of supporting Cardano projects. They were the first exchange to support trading for Cardano native assets in June 2021 with the listing of OccamFi, which has grown to become one of the largest launchpad platforms on Cardano.
In addition, Bitrue is the only exchange to support community stakepools with more than 2,000,000 ADA already delegated to pools run by trusted community members. The crypto exchange has continued to be a trailblazer and recently announced the listing of SundaeSwap (SUNDAE) to its trading platform.
SundaeSwap listed on Bitrue
SundaeSwap is a decentralized trading protocol that is native to the Cardano network. It has experienced massive growth despite launching in January 2022, with many traders using the platform for trading, swaps and yield farming.
The anticipation of its launch saw the price of ADA, the native token of Cardano, increase by almost 50% in the preceding week. In addition, SundaeSwap provides low transaction fees and leverages Cardano’s architecture to ensure a fast and optimal trading experience for users.
Speaking on the development, Adam O’Neil, Chief Marketing Officer of Bitrue stated that it was a major milestone for the exchange. “We are looking forward to supporting Cardano through 2022 as one of the industry’s leading chains, as we are seeing a huge number of promising new coins leveraging the impressive speeds and throughput that Cardano is able to support.”
He further added that listing SUNDAE was a no-brainer due to the functionality and use-cases that the token integrates. “SUNDAE, in particular, is a coin that we are excited to throw our weight behind. It is the first project to utilize the new smart contract functionality of Cardano, and ideologically, it is a leader in providing fair financial services through decentralized networks to users worldwide.”
Bitrue continues to impress with recent development
Bitrue has continued to ensure that its commitment towards a seamless crypto experience for users is achieved. The exchange has been vocal about its aims of introducing crypto products to mainstream users and recently launched its yield farming hub service.
With yield farming hub, users can lock their assets within staking pools in return for up to 60% APR in yields. In addition, Bitrue has added support for XRP and XLM staking, and investors will be able to stake their assets and receive 25% APR in rewards.
The listing of SUNDAE is a huge one and shows that Bitrue is on the right path towards fostering Cardano native assets. Furthermore, Bitrue’s native token BTR has also performed well in the market in recent weeks.
The post Bitrue: Fosters Cardano Native Asset Adoption with SundaeSwap listing appeared first on Blockonomi.
OhNoCryptocurrency via https://www.ohnocrypto.com/ @Oliver Dale, @Khareem Sudlow