{"id":53680,"date":"2021-11-28T17:08:07","date_gmt":"2021-11-28T15:08:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53680"},"modified":"2025-09-03T16:23:32","modified_gmt":"2025-09-03T13:23:32","slug":"first-decentralised-exchange-goes-live-on-cardanos-mainnet","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/first-decentralised-exchange-goes-live-on-cardanos-mainnet\/","title":{"rendered":"First decentralised exchange goes live on Cardano&#8217;s mainnet"},"content":{"rendered":"<p>The MuesliSwap team announced the launch of the first <span data-descr=\"decentralized exchange\" class=\"old_tooltip\">DEX<\/span> on Cardano&#8217;s mainnet. The platform uses an order-book model common to centralized exchanges, enabling the placement of limit orders.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MuesliSwap is now live on Cardano mainnet! We are proud to announce that MuesliSwap has just launched as the first decentralized exchange (DEX) on Cardano. <a href=\"https:\/\/t.co\/WTevels5nT\">https:\/\/t.co\/WTevels5nT<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/DEX?src=hash&#038;ref_src=twsrc%5Etfw\">#DEX<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ADA?src=hash&#038;ref_src=twsrc%5Etfw\">#ADA<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/CARDANO?src=hash&#038;ref_src=twsrc%5Etfw\">#CARDANO<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/FIRST?src=hash&#038;ref_src=twsrc%5Etfw\">#FIRST<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/MILK?src=hash&#038;ref_src=twsrc%5Etfw\">#MILK<\/a><\/p>\n<p>\u2014 MuesliSwapTeam (@MuesliSwapTeam) <a href=\"https:\/\/twitter.com\/MuesliSwapTeam\/status\/1464281537608830978?ref_src=twsrc%5Etfw\">November 26, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Unlike early attempts to simply copy the Uniswap architecture from Ethereum, MuesliSwap&#8217;s trading solution was developed from scratch and takes into account the characteristics of Cardano&#8217;s transaction model (Cardano EUTXO). This makes the use of an order-book model practical in a decentralized environment,&#8221; <a href=\"https:\/\/medium.com\/@muesliswap\/press-release-muesliswap-launch-dd0b4543b497\">the project blog says<\/a>.<\/p>\n<\/blockquote>\n<p>On Cardano&#8217;s network, DEX offers nine trading pairs with ADA, and is conducting a presale of its governance token MILK. In the future, <span style=\"font-size: revert; color: initial;\">MuesliSwap will offer a token-launch service and <\/span><span style=\"font-size: revert; color: initial;\" data-descr=\"non-fungible tokens\" class=\"old_tooltip\">NFT<\/span><span style=\"font-size: revert; color: initial;\">-marketplace.<\/span><\/p>\n<p>The platform is also available on the Smart Bitcoin Cash blockchain. In this network it has been running longer and, as a result, offers broader functionality. In addition to trading, users can participate in <a href=\"https:\/\/u1f987.com\/en\/news\/yield-farming-theory-and-practice\">farming<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\">staking<\/a>, as well as launch and purchase tokens of the SEP-20 standard <a href=\"https:\/\/docs.smartbch.org\/smartbch\/smartbch-evolution-proposals-seps\/sep-20\">SEP-20<\/a>.<\/p>\n<p>Developers emphasise that MuesliSwap is a beta project that may operate unstably. One Reddit user <a href=\"http:\/\/reddit.com\/r\/CryptoCurrency\/comments\/r34bq3\/muesli_swap_the_first_cardano_dex_has_launched\/\">said<\/a> that he had trouble placing a limit order to buy SNOW tokens:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p> I attempted to buy 10 SNOW tokens at 0.9 ADA, but the order did not go through, because the lowest sell order is posted at 1 ADA. Heads up, I tried to cancel the order and received an error message. The ADA used for the purchase is currently locked in the smart contract, and I\u2019m not sure I\u2019ll be able to retrieve them.<\/p>\n<\/blockquote>\n<p>In September 2021, Cardano developers activated the Alonzo upgrade, enabling the deployment of Plutus smart contracts on the mainnet.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MuesliSwap team announced the launch of the first DEX on Cardano&#8217;s mainnet. The platform uses an order-book model common to centralized exchanges, enabling the placement of limit orders.<\/p>\n","protected":false},"author":1,"featured_media":53681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1401,787],"class_list":["post-53680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cardano-ada","tag-dex"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=53680"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53680\/revisions"}],"predecessor-version":[{"id":53682,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53680\/revisions\/53682"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/53681"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=53680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=53680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=53680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}