Thread by @cardano_daily

🔥#Cardano is catching fire!🔥

#WonderWoman @GalGadot has backed @adaswapapp - the next-gen #CardanoADA DEX.

The funding will further develop the protocol and provide more DeFi capabilities to the users.

Info: fxempire.com/news/article/g…

#ADA #CardanoCommunity $ADA @Cardano

@GalGadot @adaswapapp @Cardano .@adaswapapp raised $2.6M from various investors: @shimacapital, @Pluto_Digital, @gbvofficial, @Stardust, Efficient Frontier, Finova, @bantercap, @COTInetwork $DJED & including #GalGadot.

#ADA #Cardano #CardanoADA #COTI $ADA

@GalGadot @adaswapapp @Cardano .@adaswapapp has been in a development rally for more than a year now. The protocol has been through seed rounds, #stablecoins partnerships, and more.

The next target is to release the ASW token to exchanges, introduce staking protocol, and launch the #ADA #NFT mktplace.

@GalGadot @adaswapapp @Cardano The $2.6M raised through this #funding round will be used to execute this roadmap, starting with the #NFT marketplace.

@adaswapapp described this marketplace as the first of its kind platform, which will sell curated collections from famous artists on #Cardano.

@CardanoStiftung

@GalGadot @adaswapapp @Cardano Despite having just 6 #DeFi protocols on the chain, #Cardano has already amassed $134.86M in the TVL. DEXs have been emerging as a preferable protocol by developers.

Many people are shifting to DEXs to avoid the regulations and fees of CEXs such as #Binance, @coinbase, etc.

@GalGadot @adaswapapp @Cardano Interesting enough, 4 of the 6 protocols on #Cardano are DEXs. @SundaeSwap leads the band with $120.4M in TVL.

#CardanoADA #cardanocomminity @Cardano @CardanoStiftung #SundaeSwap $ADA #ADA

@GalGadot @adaswapapp @Cardano .@Cardano is still new in the #DeFi game and needs a variety of DeFi protocols to develop other than just DEXs. Once that happens, there is some chance it could prove to be a good enough competition to other chains.

#CardanoADA #Cardano #ADA $ADA @adaswapapp @CardanoStiftung