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Cardano's DEX Volume Surges by 60.6% in Seven Days, Hoskinson Suggests Hosting Bitcoin Ordinals

The volume on Cardano's Decentralized Exchange (DEX) increased by 60.6% in the last seven days, reaching $66.88 million, with over $7.94 million coming in the last 24 hours alone. This surge in activity indicates growing liquidity and trading activity within the Proof-of-Stake (PoS) ecosystem. While Cardano DEXes primarily facilitate the trading of tokens built under the blockchain, lending protocols under the chain could also contribute to its Total Value Locked (TVL), which rose by 15.30% over the last week. Charles Hoskinson, Cardano's founder, suggested that the network could host Bitcoin Ordinals better, potentially expanding the range of assets that can be traded on its DEXs, but any integration of Bitcoin-related functionality on Cardano would require significant technical development and community consensus.

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