SundaeSwapPrice(SUNDAE)
Details SundaeSwap (SUNDAE) Price information (USD)
The current real-time price of SUNDAE is $0.0009. In the past 24 hours, SUNDAE has traded between $0.0009 and $0.0009, showing strong market activity. The all-time high of SUNDAE is $0.2239, and the all-time low is $0.0009.
From a short-term perspective, the price change of SUNDAE over the past 1 hour is
SundaeSwap (SUNDAE) Market Information
SundaeSwap (SUNDAE) Today's Price
The live price of SUNDAE today is $0.0009, with a current market cap of $0. The 24-hour trading volume is 398.34. The price of SUNDAE to USD is updated in real time.
SundaeSwap (SUNDAE) Price History (USD)
What is SUNDAESWAP (SUNDAE)?
When is the right time to buy SUNDAE? Should I buy or sell SUNDAE now?
Before deciding whether to buy or sell SUNDAE, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s SUNDAE technical analysis can provide you with trading references.
Future price trend of SUNDAE
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for SUNDAE.
How much will SUNDAE be worth tomorrow, next week, or next month in ? What about your SUNDAE assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! SUNDAE Price Prediction
How to buy SUNDAESWAP (SUNDAE)
Convert SUNDAE to local currency
SUNDAE Resources
To learn more about SUNDAE, consider exploring other resources such as the whitepaper, official website, and other published information:
Hot Events
SUNDAESWAP (SUNDAE) FAQ
What is SundaeSwap and what is its core function within the Cardano ecosystem?
SundaeSwap is a decentralized exchange (DEX) operating on the Cardano blockchain. Its main objective is to offer decentralized access to financial services and facilitate profit distribution. It functions as a scalable exchange protocol with automatic liquidity provision, powered by immutable, permissionless, and decentralized smart contracts developed using Plutus, Cardano's native smart contract language.
What are the primary uses and utility of the SUNDAE token within its ecosystem?
The SUNDAE token serves as both a utility and governance token for the SundaeSwap protocol. Holders can actively participate in decision-making by voting on new features and determining the future direction of the protocol. Additionally, token holders are entitled to receive a share of the platform's revenues, proportional to the amount of SUNDAE tokens they possess.
Can you explain the tokenomics and distribution strategy for the SUNDAE token?
A total of 2 billion SUNDAE tokens were minted. 55% of the total supply is allocated to the public, with 5% distributed through an Initial Stake Pool Offering (ISO) over five epochs. The remaining allocations include 25% for the team, 13% for investors, and 2% for advisors, with an additional 5% reserved for future hires. Team and investor tokens are subject to vesting periods of 4 years and 2 years, respectively, to ensure long-term commitment.
What are the methods available for users to acquire SUNDAE tokens?
SUNDAE tokens were initially distributed via an Initial Stake Pool Offering (ISO), where users earned tokens by staking Cardano (ADA) in specific pools. Users can also earn SUNDAE by providing liquidity to SUNDAE/XX trading pairs on the decentralized exchange and through various yield farming initiatives. To purchase SUNDAE directly, users need ADA in a Cardano native wallet and can connect it to the SundaeSwap DEX to trade for the SUNDAE/ADA pair.
What significant impact has SundaeSwap had on the broader Cardano ecosystem?
SundaeSwap's launch as the first functional decentralized exchange (DEX) on Cardano generated considerable excitement and activity within the ecosystem. This significantly increased transaction volume on the Cardano platform. At one point, SundaeSwap accounted for approximately 98% of the total value locked (TVL) in Cardano smart contracts, demonstrating its substantial influence and role in pioneering decentralized finance on Cardano.
What are some common limitations faced by SundaeSwap and decentralized exchanges (DEXs) in general?
While decentralized exchanges like SundaeSwap eliminate intermediary costs, they still incur transaction fees, which can sometimes be comparable to or even higher than those on centralized platforms. Early in its operation, SundaeSwap experienced a backlog where transaction orders could take significant time to process, though the team provided assurances about fair processing. These challenges highlight common scalability and performance considerations for decentralized finance platforms.
