Chill Guy is a viral meme illustration that took social media by storm before a crypto project used the meme to launch a Solana-based token. Learn more here.

What started as a simple illustration of a laid-back dog has become a global meme sensation, with the cartoon character known as Chill Guy dominating both social media trends and cryptocurrency markets. Created by artist Phillip Banks in October 2023, the easygoing canine character sparked a viral movement that has attracted major brands worldwide.

This article follows Chill Guy’s transformation from a social media sensation to a cryptocurrency asset. We'll examine its viral beginnings, community growth, market impact and what potential investors can expect from CHILLGUY in the future.

 is a viral meme illustration by artist Phillip Banks, depicting a laid-back dog in casual clothes whose easygoing attitude took social media by storm before a crypto project used the meme to launch Just a Chill Guy as a Solana-based token.

What Does Just a Chill Guy Aim to Achieve?

The CHILLGUY meme coin aims to spread a "Why worry?" philosophy into cryptocurrency markets by embracing the laid-back, stress-free attitude that made the original meme go viral. The project transforms this easygoing vibe into a community-driven token, where being low-key isn't just a catchphrase — it's a shared mindset among holders.

The CHILLGUY community brings this philosophy to life by sharing endless variations of the CHILLGUY meme across social platforms. Through market swings and viral trends, CHILLGUY keeps his iconic pose: hands in pockets, subtle smirk, perpetually relaxed.

Just a Chill Guy (CHILLGUY) operates as a Solana Program Library (SPL) token on the 

 blockchain, leveraging the network's ultrafast speeds and low costs to ensure smooth trading. The token was created using Pump.fun, a specialized platform that lets users launch Solana-based tokens without any fees, removing traditional barriers to token creation.

CHILLGUY is a community takeover (CTO), meaning it's completely owned and directed by its token holders with no central team in control. This decentralized structure ensures the project stays true to its community-driven nature, its holders collectively guiding its future while embodying the laid-back spirit of the original meme.

The CHILLGUY token launched with a maximum supply of 1 billion tokens, of which 999,965,435 are currently in circulation. This near-complete distribution of tokens to the market supports active trading and community participation.

What makes CHILLGUY's tokenomics particularly notable is its widespread distribution across more than 142,000 unique holders (as of Nov 27, 2024), achieved in just 12 days. This rapid expansion of its holder base demonstrates strong community adoption and aligns with the project's decentralized, community-driven principles.

CHILLGUY has exploded across social media, especially on TikTok, where the meme has amassed hundreds of millions of views. Its laid-back character resonates with users worldwide, inspiring countless creative adaptations.

Major brands worldwide have embraced CHILLGUY in their marketing campaigns. From Sprite Europe to NFL on CBS, the character has resonated across mainstream media, even catching the attention of global figures like El Salvador's president Nayib Bukele.

The “Chill Guy” meme’s influence spans multiple social media platforms, with a growing community of followers: 96.6K on X (

). On the other hand, the meme token itself also has a vast community, with 39.9K on X (

) and an active Telegram channel of over 15,000 members. These numbers reflect the meme's ability to engage audiences across different platforms.

The token's popularity in cryptocurrency markets matches its social media success, with CHILLGUY maintaining a substantial 24-hour trading volume of over $330.03M as of Nov 27, 2024. This high trading activity demonstrates the strong market interest in CHILLGUY beyond its meme status.

Looking to trade Just a Chill Guy tokens? Bybit now offers the CHILLGUY/USDT Spot trading pair and CHILLGUYUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While CHILLGUY has maintained strong trading volumes and continues gaining mainstream attention through its viral social media presence, investors should carefully weigh its strengths and risk factors before making investment decisions.

With its widespread brand adoption, sustained trading activity and explosive community growth of over 142,000 holders, CHILLGUY demonstrates significant market potential. However, meme coins are inherently volatile. Potential investors should 

 and invest no more than they can afford to lose.

CHILLGUY is the latest viral sensation to harness the power of the attention economy to convert social media momentum into crypto market success. While CHILLGUY has already demonstrated its ability to capture mass appeal, its position as a leading meme token will depend upon how effectively it maintains its cultural relevance and community engagement in this fast-moving market.

Intermediate

chill guy, chillguy.png

Just a Chill Guy (CHILLGUY): Embracing the Art of Nonchalance

Zircuit (ZRC) combines optimistic and ZK rollups with AI-driven security, offering fast, low-cost Ethereum Layer 2 solutions. 

 network has flourished, mainly due to the ongoing network congestion, high fees and poor scalability of the latter. Many of these platforms use rollup technology, whereby batches of multiple transactions processed off-chain are bundled together and posted in bulk to the underlying Layer 1. Ethereum-linked rollups mainly come in two varieties 

 (ZK). While optimistic rollups boast lower computational overhead, the ZK variety of these networks features a higher degree of security.

Zircuit (ZRC) is a Layer 2 chain that adopts a hybrid approach, combining the elements of optimistic and 

. This lets the platform offer the performance benefits of optimistic technology along with the security of ZK validity proofs. To further enhance overall security, Zircuit uses a unique 

 (AI)–driven system of monitoring for malicious transactions.

 (ZRC) is a hybrid Layer 2 blockchain that combines the features of optimistic and ZK rollups, and uses AI-driven monitoring for potentially harmful transactions. 

 rollup development technology, a popular framework for building optimistic rollup networks. Additionally, it uses zero-knowledge proofs, which lets the platform offer the best of both worlds 

 the performance benefits of optimistic rollups and the security of ZK technology. Zircuit is 

The Zircuit project takes security very seriously, and has introduced a unique system of AI-based protection against malicious transactions at the sequencer node level. The use of ZK proofs and an AI-based protection system make Zircuit one of the most secure platforms in the competitive world of Ethereum Layer 2 chains.

Along with its excellent security benefits, Zircuit also boasts low costs, fast transactions, excellent scalability and 2-second block production intervals. All these features make it an ideal environment for 

 (DApps) in various niches, particularly 

 (DeFi). In fact, the leading protocols within the Zircuit ecosystem are all dedicated to the finance niche, with Zircuit Staking being the largest application by TVL.

With its heavy focus on DeFi, Zircuit aims to become a leading liquidity hub for various token types within the sector, including 

. These assets can be staked through the Zircuit staking program — supported by the platform's Liquidity Hub — to earn staking APRs, airdrop rewards and points based on the Zircuit Point program (covered further in our article).

The platform also operates a secure native bridging solution, 

, to help users transfer assets between its Layer 2 network and Ethereum Layer 1.

The company behind the project, Zircuit Ltd., was founded in 2021 in Canada by Dr. Martin Derka, Jan Gorzny and Angel Xu. Zircuit's testnet was launched in November 2023, but made headlines in April 2024 when the project reported that its 

 (TVL) had soared past $2 billion. While testnet TVLs are more a gauge of future potential for a blockchain than an indicator of its existing worth, the news attracted the attention of industry observers toward the platform. Following its highly publicized testnet success, Zircuit launched the first phase of its mainnet in August 2024. This was followed by the launch of the platform's native token, ZRC, in November 2024.

As a typical rollup, Zircuit uses an off-chain sequencer node to batch and organize Layer 2 transactions for subsequent posting to the underlying Ethereum Layer 1. The batches have ZK validity proofs attached to them to signal to Layer 1 validators that they’re free from fraudulent transactions. Zircuit's architecture also includes prover nodes, whose job is to produce these validity proofs.

However, unlike other rollups using ZK proofs (also known as validity proofs), Zircuit doesn't generate validity proofs for every block of transactions. Instead, some blocks have pre-generated template proofs, while others go through the process of having a dedicated validity proof created for them. After a few blocks featuring validity proofs, there are several more that utilize template proofs. The image below illustrates this approach.

The key reason Zircuit has adopted this form of proof design is that the process of generating ZK proofs is computationally intensive. By using template proofs for some of the blocks in a sequence, Zircuit can reduce the overall computational overhead. However, the project’s team has stated that the template proof model is temporary, and will be phased out in the future. At that stage, the platform will move to generating ZK proofs for each block.

Zircuit features a highly modular design whereby provers — responsible for generating validity proofs on the platform — can easily be plugged into or removed from the network. This modular approach is distinct from the standard ZK rollup design, in which provers are more tightly and less flexibly integrated into the overall architecture.

As noted earlier, Zircuit uses a dedicated sequencer to organize and batch transactions into blocks. The platform also applies AI-driven monitoring at the sequencer level (the Sequencer Level Security, or SLS) to spot and exclude fraudulent transactions before they’re finalized on Layer 2.

When transactions are first posted to Zircuit, they enter the 

 — a temporary area from which the sequencer picks and organizes individual transactions into blocks. The mempool is being monitored at all times, using AI algorithms to identify suspicious transactions. If a transaction in the mempool raises a flag, it's quarantined and assessed for validity before the sequencer can include it in a block. The image below shows how this process works.

One of the distinct features of Zircuit is its hybrid architecture, which combines the properties of optimistic and ZK rollups. At the base level, Zircuit is built using Optimism's Bedrock development framework, a technology popular for optimistic rollup networks. However, the use of ZK proofs — or, to be more precise, a combination of validity proofs and template proofs — ensures that Zircuit enjoys a security level that standard optimistic rollups normally can't match.

The use of AI-based SLS provides robust security to Zircuit, complementing the already highly secure ZK proof system. Very few Layer 2 networks in the industry currently feature anything similar, making the platform a true pioneer of AI use for sequencer-level operations.

Like any rollup based on Optimism Bedrock, Zircuit enjoys EVM compatibility. This allows for smooth interoperability with the underlying Ethereum Layer 1. EVM compatibility also makes it easy for developers familiar with Ethereum’s environment to develop Zircuit-based DApps, or to port existing Ethereum applications to the platform. Developers can take advantage of technologies commonly used for Ethereum (e.g., the Solidity programming language and the Hardhat development framework) to build Zircuit applications and smart contracts.

Zircuit Bridge is a native bridging solution designed to easily transfer tokens between Ethereum and Zircuit. It boasts high security, low transaction fees and fast transfers, and allows users to move a variety of cryptocurrencies between Ethereum and Zircuit, including ETH, 

) and LRTs like Super Symbiotic LRT (weETHs). As of late November 2024, the total number of cryptos supported by the bridge is close to 30.

Zircuit has launched a reward program called Zircuit Points. Users can earn these Points by staking supported assets, and by participating in the Build to Earn initiative (more on this below). Accumulated points will be converted to ZRC tokens in the future. Points also create the opportunity to qualify for token airdrops.

The primary way for most users to earn Zircuit points is via 

. The Zircuit Staking program lets you stake LSTs, LRTs, popular stablecoins, some wrapped tokens and Ether (ETH) to earn points. Using LSTs and LRTs, you can earn yields (along with native Zircuit staking APRs and Points) from the respective staking and restaking platforms that issue these assets.

Zircuit Points earned via staking have different multipliers, depending upon the asset. For example, Ether has a multiplier of 0.5, while LSTs, LRTs and stablecoins have a multiplier of 1. Multipliers for different LST and LRT assets may be subject to change in the future.

Build to Earn is another way to qualify for Zircuit Points. The program allows developers to contribute to the Zircuit ecosystem and earn Points in a number of ways, including:

Launched in November 2024, ZRC is the platform's native cryptocurrency. It's an 

 asset deployed on both Zircuit and Ethereum Layer 1. ZRC is mainly used for reward distributions, and participation in token airdrops for ecosystem DApps. Currently, transaction fees on the network are paid in Ether. It's possible that, in the future, ZRC might be used for some transaction fee payments.

ZRC is also used for rewards under the Gas Rebate program. As users conduct transactions on the platform, they 

. Zircuit’s Gas Rebate program provides rebates to offset some of the incurred fees. The amount of ZRC earned as a rebate is proportional to the amount spent on gas in ETH; the project's documentation states that for each ETH spent on gas, the user earns 125% in ZRC. All kinds of gas fee payments qualify for the rebate, including ordinary asset transfers and transactions involving interaction with Zircuit DApps.

ZRC is a supply-capped token, with a maximum and total supply of 10 billion. The token's supply allocation shares are as follows:

The ZRC token is available on Bybit's Spot market as a swap pair with USDT (

 to grab a share of the 5 million ZRC prize pool. New users who sign up for a Bybit account and complete identity verification can earn ZRC rewards by accumulating a deposit volume of at least 2,000 ZRC, or by depositing 100 USDT and trading 100 USDT worth of ZRC via their first trade with Bybit. 

Meanwhile, existing users can qualify for ZRC rewards by trading at least 500 USDT worth of ZRC on the Bybit Spot market, with the possibility of earning up to 10,000 ZRC based on trading volume. The 

 event will run through Dec 10, 2024, 8:59AM UTC.

Zircuit is among the pioneering Layer 2 platforms to adopt a hybrid design for a rollup network. Thanks to the platform's architecture, users can take advantage of low transaction costs, fast transfers and great scalability while enjoying the benefits of high security delivered by ZK proofs and AI-driven mempool monitoring. AI-based monitoring for fraudulent transactions is a particularly notable feature of the platform and is undoubtedly among the most advanced technologies employed in the blockchain industry.

User security combined with faster and cheaper transactions for the Ethereum network — all in one package — is now feasible, thanks to Zircuit's innovative technology and unique approach!

Advanced

Zircuit.png

What Is Zircuit (ZRC): Where Performance Meets Cutting-Edge Security

Bybit is celebrating its sixth anniversary with the #Super6Bybit event, offering a $1.2 million prize pool and focusing on its bbSOL token.

Daily Top Performer — Virtuals Protocol (VIRTUAL)

On Wednesday, the S&P 500 fell 0.38% as tech stocks dropped and inflation data reinforced a hawkish Fed outlook. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.40%, with Bitcoin and Ether dropping by 1.86% and 1.79%, respectively in the past 24 hours.

Today's top performer is VIRTUAL, which surged 53.6% following the launch of the $MUSIC token by Agentstarter, featuring AI-driven music video capabilities and community-focused tokenomics.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. 

, using AI to create music videos and offering features like animated videos, voice mimicry, and karaoke tracks. The tokenomics allocate 60% for airdrops, 20% for liquidity, and 10% each for the development team and Virtuals Protocol.

Check Out the Latest Prices, Charts, and Data of 

Bybit is celebrating its sixth anniversary with the 

, offering a $1.2 million prize pool and focusing on its bbSOL token. Launched in September 2024, bbSOL is the first exchange-backed Liquid Staking Token on Solana, providing liquidity and staking rewards. The campaign, running from November 28, 2024, to January 6, 2025, invites participants to build, transform, and supercharge their bbSOL through tasks, leaderboards, and community milestones, increasing rewards. The event combines gaming mechanics, community engagement, and opportunities to win prizes while promoting innovation and growth in the crypto space.

Yesterday, there were no flows in BTC Spot ETFs, including GBTC and non-GBTC categories.

. Stake BNB on Lista's portal to get slisBNB, then deposit it into Astherus to earn airdrop points with multipliers (3X for Lista, 1.15X for Astherus). No lockup is required, and slisBNB is the most efficient option.

Beginner

1.png

Bybit Celebrates 6th Anniversary with $1.2M Prize Pool and bbSOL Supercharging Campaign

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

ETH has outperformed, bolstered by SEC Chair Gary Gensler's announcement of his Jan 20, 2025 departure, and suggested by growing open interest in ETH perpetual. This positive momentum extends to several large-cap altcoins previously scrutinized by the SEC, as indicated by bullish funding rates for long positions.

Please check out the report’s highlights.

ETH Open Interest Grows While BTC’s Declines

ETH is outperforming BTC following the announcement of SEC Chair Gary Gensler’s departure, as evidenced in perpetual swap markets. BTC open interest has decreased from last week's highs, while ETH contracts have increased. Additionally, ETH trade volumes constitute a larger share of daily trading as compared to much of the past six months, despite an overall dip in trade volumes this week. The gradual decline in BTC open interest, without a surge in trading activity, indicates a strategic repositioning, rather than a wave of liquidations.

BTC Option Curve Inversion Deepens as Price Retreats

The pullback in the spot BTC price from the $100K target has led to a flat ATM volatility term structure, with short-tenor options dropping below 60%. 

This trend continues the correlation between term structure inversion and BTC spot price returns observed since the U.S. election on November 5, 2024

. The decline in front-end volatility aligns with lower realized volatility levels. While demand for short-tenor options has moderated, there hasn't been a notable change in open interest for calls or puts. Instead, their growth has stalled at the week's start.

Sentiment in ETH options markets seems moderately more bullish than in BTC's during the recent decline in momentum from the post-election rally. Call options lead in both trading volumes and open interest. 

block-scholes-x-bybit-report.jpeg

Bybit X Block Scholes Crypto Derivatives Analytics Report (Nov 27, 2024): Signal on ETH Outperformance Against BTC Surfaces on Long-Term Contracts

Bybit Learn

DeFi

Altcoins

Keen on exploring Cardano's decentralized ecosystem of applications? Try SundaeSwap -- Cardano's biggest DEX that'll let investors reap sweet rewards.

SundaeSwap is an innovative decentralized finance protocol that was launched in early January 2022. As an important and widely anticipated addition to the Cardano (ADA) platform, the hype behind the development of SundaeSwap rallied ADA prices, thanks to high expectations and interest. The price of ADA, the native token of the Cardano platform, increased sharply due to excitement and anticipation of the new Cardano DEX and the initial stakepool offering (ISO). 

Using community governance, SundaeSwap carried out a Reverse ISO to ensure fairness among the staking pools. That said, for Cardano and DeFi beginners, you’re probably wondering what is SundaeSwap, as well as the tokenomics of SUNDAE, the governance token for SundaeSwap.

This article will cover the ISO and the startup phase obstacles, and we’ll review the SundaeSwap Reverse ISO. In addition, we’ll assess the SundaeSwap token and explore if SUNDAE is a good investment.

SundaeSwap's Origins and Promising Future

 (DEX) operating on the Cardano blockchain, and is a scalable exchange protocol with automatic liquidity provision. Thanks to its native and scalable nature, the decentralized exchange has proven to become widely popular among the Cardano community.

The SundaeSwap protocol is defined by a series of immutable, permissionless, and decentralized smart contracts built on Cardano using Plutus, the smart contract programming language of the Cardano blockchain. Unlike traditional exchanges, SundaeSwap adopts a decentralized structure. This enables efficient cryptocurrency transactions designed to offer a superior user experience compared to traditional financial institutions. The DEX’s ambitious road map and continuous rolling out of features have put Cardano in a prominent position as an innovative and high-growth blockchain.

SUNDAE is the native SundaeSwap token, and the DEX is quite popular in the ADA community, reflecting a large social media following created during the development period. The on-chain governance model aligns with the Cardano community commitment to decentralization and community governance. The ISO also demonstrated the commitment to community governance, as the community itself voted and selected staking pool operators to participate in the incentivized distribution.

History wise, SundaeSwap began as an effort to utilize the decentralization features of Cardano and its ability to manage ERC20 programs and smart contracts. The young but experienced development team found strong operations and finance partners. Their effort to make the image an asset may be SundaeSwap’s most visible impact, and the reason SundaeSwap enjoys tremendous popularity in the Cardano community.

SundaeSwap has the best promotional effort of any Cardano DEX. Prior to the launch, the price of ADA rose because of the enthusiasm and optimism generated by the first smart contract-capable DEX on Cardano. The SundaeSwap ISO had an additional positive impact on the price of Cardano’s ADA. Cardano benefited in important ways from the addition of a fully functioning DEX, and the level of transactions on the platform rose sharply after the DEX and SundaeSwap token launch.

SundaeSwap also exemplifies the ownerless exchange model. In their recent 

, the community voted to select pool operators to receive SundaeSwap token incentives, which attracted and rewarded liquidity providers. The community governance model is consistent with the Cardano platform goals. SundaeSwap may be the best Cardano DEX in terms of achieving an ownerless business ecosystem.

 indicated wide acceptance of the native SundaeSwap token, as Bitrue is a highly-regarded exchange. The selection of the SundaeSwap token is a credit to its management team, financial backers, and the Cardano platform.

While the DEX and SundaeSwap token are in full operation, there are lingering tasks, such as the unfinished development of the DEX functions, liquidity, and full community governance. The movement to self-governance through self-executing agreements won’t proceed until Cardano resolves capacity barriers on the size of smart contracts. The full operating protocols and liquidity are under development, and the movement to full self-governance will follow.

Now that we understand the basics of SundaeSwap and its origins, let’s dive deeper into what makes SundaeSwap and SUNDAE a good investment as the best Cardano DEX.

There’s a solid argument in favor of SundaeSwap as the best Cardano DEX. SundaeSwap is the largest DEX on Cardano’s platform, with a 95 percent dominance. The SundaeSwap community is strong, engaged and enthusiastic, and the SUNDAE token works well as an incentive to hold onto thanks to its utility and future prospects as an investment. Large financial institutions think likewise, with the financial backing being especially strong from 

When asking if SUNDAE is a good investment, effective community governance is part of the answer. This can clearly be seen among the SundaeSwap community as they’re highly interested in community governance. An example of this can be seen in how the development team has created avenues for the passionate community to participate in the SundaeSwap Discord and discuss governance proposals in the Sundae DAO category. All of this represents a move towards complete DAO independence as the community takes charge of voting for protocol changes.

SundaeSwap offers some long-term upgrades and improvements for Cardano. Despite being the first Cardano DEX, it’s continually improving to be the best. The addition of smart contracts to SundaeSwap will be completed late in 2022, and this will enable community guidance through smart contract-controlled voting. The overall goal is to create an ownerless marketplace supporting direct engagement between community members.

With the passionate Cardano community and commitment towards advancing smart contracts in mind, the Cardano platform is certainly an ideal fit for SundaeSwap. However, this begs the question: how does SundaeSwap compare against its competitors. Read on to find out how it differs from popular Cardano DEX alternatives like ErgoDEX and ADAX.

ErgoDEX is a cross-chain exchange that offers liquidity between Ergo and Cardano where users can conveniently swap tokens on both blockchains. To keep transactions up to speed, Ergo uses an orderbook and some centralized off-chain processing. It’s worth noting that as a 

 blockchain, ErgoDEX unfortunately consumes huge amounts of energy. ErgoDEX also offers a free and open marketplace with no intermediaries or permissions. Its peer-to-peer marketplace features order book and automatic market maker systems to perform transactions. While all these features sound confusing, ErgoDEX is a user-friendly system that showcases clear and intuitive interfaces.

When compared head-to-head, SundaeSwap has numerous advantages. On top of its previously mentioned financial backing, SundaeSwap has the environmentally conscious edge by working on a Proof of Stake protocol. By comparing operations, SundaeSwap works on a single blockchain and has less complexity than ErgoDEX while offering the same benefits of smart contracts, order book, and decentralized operations. This ultimately makes SundaeSwap the go-to choice for users desiring simplicity in their transactions.

As a state-of-the-art DEX protocol, ADAX prides itself upon letting users take custody of their own assets. With minimal fees and rapid transactions, the DEX stands out from other automated liquidity providers by eliminating common tropes like order books so users can swap and trade as they please. ADAX traders can use a social sentiment trading tool that permits quick strategy changes when users sense trends and developments in the market.

While this peer-to-peer-like approach is appreciated, it also complicates matters as ADAX requires a complex movement and conversion process to migrate tokens on and off the platform. This once again draws comparisons to SundaeSwap, which boasts a simple and intuitive interface for users. ADAX focuses on establishing a professional and minimalist look whereas SundaeSwap uses a wide range of graphics and themes in its colorful interface.

SundaeSwap’s Reverse ISO — and How to Profit from It

SundaeSwap completed its ISO after their January 2022 launch. After the launch, SundaeSwap quickly became the leading Cardano DEX. Substantial comments and observations about the ISO raised some important questions about SundaeSwap’s commitment to fairness.

After examining the distribution of its ISO, the results showed that small pools with individual operators lost significant amounts of delegation. By using community processes to name the eligible staking pools for incentives, the ISO caused delegation to move away from smaller and individually operated pools. More than 7 billion delegated ADA moved to about 40 stake pools. The unintended result of community decision-making was a centralization of delegation in larger pools.

The SundaeSwap Reverse ISO sought to remedy the unintended tilt toward larger pools. Following community action and voting, the SundaeSwap Reverse ISO distributed 20 million SUNDAE to help raise ADA delegation among smaller and single operator staking pools. The 20 million SUNDAE rewards to liquidity providers incentivized delegation to small pools, and increased decentralization in SundaeSwap.

The mechanics of the SundaeSwap Reverse ISO were simple. The community voted to prioritize pools that had been left out of the initial offering. Liquidity providers that had put ADA and other assets in designated staking pools received the new SUNDAE tokens. Liquidity providers who pledged assets and ADA to the designated staking pools could also take advantage of other available benefits, such as yield farming.

Why is SundaeSwap a Promising Investment for Cardano?

Decentralization is an essential goal of the Cardano ecosystem as it offers an innovative approach to trading through a decentralized structure. SundaeSwap is complementing ADA and offering an attractive option for increasing participation. This is achieved through its many liquidity pools that reward liquidity providers handsomely with high yields.

Is SundaeSwap a Good Investment for Liquidity Providers?

Investors benefited from the ISO and the SundaeSwap Reverse ISO. The price of Cardano’s native token, ADA, rose sharply in early February of 2022. Investors were attracted by the anticipated SUNDAE listing. The price rose as SundaeSwap demonstrated effective community governance with their Reverse ISO. The community voted to determine SundaeSwap’s role in the Reverse ISO.

Investors benefited from the Reverse ISO by adding their liquidity to the designated small operators. and any reward programs aimed at retention such as yield farming contracts that pay SUNDAE or ADA bonuses in addition to the yield. They also benefited from the increase in market price of the ADA. Finally, investors benefited from the increased activity on the Cardano platform as the staking pools managed the blockchain.

Is SUNDAE a Good Investment for the Future

Investors ask if SundaeSwap is a good investment. What is the reason for its appeal to the ADA community? The SundaeSwap token distribution began with a total minted supply of two billion tokens. About 1.1 billion SundaeSwap tokens were sent to the public, 25 percent to the team, and about 13 percent to investors.

Users reaped SundaeSwap token rewards at the ISO by adding liquidity to the staking pools incentivized by the community. The road map indicates an ongoing series of rewards and opportunities, such as yield farming. The governance is strong, as evidenced by the IPTO, and responsive, as shown by the SundaeSwap Reverse ISO.

With its current feature set, SundaeSwap certainly meets the needs of Cardano user and investors. The Cardano ecosystem needed a high-functioning DEX to manage a high volume of simple trades and transactions. Down the pipeline, the SundaeSwap road map describes broad steps and long-term plans. Its initial protocol has an automatic setting for the project upgrade. The seamless upgrade path is a comfort for investors seeking to hold their stakes for the long run.

Wondering what is SundaeSwap’s impact on ADA prices? Since the SundaeSwap launch, there has been growth in the Cardano ecosystem and the price of ADA. The price of ADA has risen from $0.10 in July 2020 to more than $1.00 in January 2022.

Volume on the Cardano platform has increased in a steady pattern. Transaction activity and the rise in ADA price have moved in a steadily upward direction. Benefiting from innovations and improvements such as the 

 transaction speed revision and smart contracts, the ADA and SundaeSwap token are on a solid path to continued higher transaction volumes and market prices.

All factors considered, the SundaeSwap token appears to be a strong investment with a favorable outlook. SundaeSwap token market predictions suggest strong upward price movement through 2022, during the often vulnerable first year of operation. The governance mechanism promises smooth transitions as protocols evolve. The organization has strong financial backing and an impressive list of operating partners.

While SundaeSwap is still in its early stages, they can claim to be the best Cardano DEX because they have established themselves as a reputable DeFi solution on the Cardano blockchain and offer an excellent set of services for decentralized trading. Using the innovative Cardano ecosystem, SundaeSwap intends to construct a noteworthy organization based on community governance and Smart contracts. The impressive list of partners and investors demonstrates the potential for growth, superior performance, and a sound SUNDAE token.

What Is SundaeSwap Token: ADA’s Biggest DEX, Reverse ISO and the Future of SUNDAE

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards