Cardano DEX Volume Jumps 112% Amid Broader Network Activity Growth
Cardano's decentralized exchange (DEX) activity has seen a significant surge over the past week, according to data from DeFiLlama. Trading volume reached $37.14 million, marking a 112% increase during this period. The network recorded its highest daily DEX volume on October 1, at $11.74 million.
SundaeSwap accounted for most of Cardano's DEX trading activity, processing $23.51 million in spot volume. Minswap followed with $6.59 million, while other protocols such as Dano Finance and WingRiders also contributed to the increase.
Cardano's blockchain activity has also picked up, with 222,000 transactions processed over the past seven days, representing a 5.7% increase from the previous period. Stablecoin liquidity strengthened, with the network's stablecoin market cap rising by more than 24% to $67.03 million.