TeddySwap, the latest addition to the Cardano DeFi ecosystem, has garnered significant liquidity, attracting 502,000 ADA (approximately $196,000) shortly after its initial launch.
TeddySwap’s launch coincides with Cardano’s notable growth in the DeFi sector, surpassing Bitcoin in total value locked (TVL) and reaching a new all-time high in ADA terms.
The Cardano DeFi landscape has been gaining substantial attention, witnessing increased user engagement with protocols and heightened developer activity on the network. Adding to this trend, TeddySwap has recently announced its official launch on the Cardano mainnet.
The mainnet release followed TeddySwap’s initial liquidity bootstrapping event, aimed at securing funds for its pools. As of the latest update, TeddySwap has successfully attracted 502,000 ADA (approximately $196,000) worth of liquidity within a few hours of its launch.
Currently, the decentralized exchange (DEX) facilitates users to swap between its native TEDY token an

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