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Cardano Struggles with Delays in Swaps, Causing Users to Consider Competitors such as Polygon and Solana

Cardano, a popular smart contract network known for its high transaction speeds and scalability, has been experiencing delays in token swaps on some of its decentralized exchanges. These delays have put a dent in the network's integrity and given its competitors an edge.

Users have been migrating to other platforms such as Polygon and Solana, while some have turned to MuesliSwap, a decentralized exchange on the Cardano network known for its higher transaction speeds and user-friendly services. However, even MuesliSwap has been affected by the increasing migration of users.

Despite these challenges, Cardano's native token, ADA, has been holding its sustainable trend and is currently trading in green in the market. According to on-chain analytics firm IntoTheBlock, Cardano has an impressive on-chain performance, with stable transaction counts and a surge in transaction volume.

Cardano Cardano $0.88
-0.76%
Cardano Polygon
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