Cardano’s Minswap Waives Batcher Fees for Third Anniversary

As Minswap, a decentralized exchange (DEX) on the Cardano blockchain, approaches its third anniversary, the platform has announced the complete waiver of batcher fees and fixed charges per transaction to benefit the platform for all users.

The initiative highlights Minswap’s commitment to enhancing user experience and fostering broader participation in the Cardano decentralized finance (DeFi) ecosystem.

“We realized just how much batcher fees have impacted traders on Cardano, especially small traders and trading bots, which are the majority of our users, so we hope this new move will incentivize Cardano trading volumes and liquidity movement and make Cardano more competitive with other chains,” Minswap founder wrote.

He noted that the initiative initially started as an incentive for Minswap node partners and has evolved into its primary revenue source over the past three years.

“What started out as incentives for Minswap node partners has become our main source of revenue in the past 3 years. At this moment, we have stacked a little bit of runway and gained more experience with financial planning so we have decided to stop charging batcher fees to celebrate Minswap 3 years of launching,” he added.

Cardano’s Minswap Eliminates Batcher Fees

Batcher fees are integral to Minswap’s operation, facilitating efficient transaction batching on the Cardano network. Traditionally, these fees have been directed into the DAO Treasury, accumulating over time without specific allocation.

The decision to eliminate batcher fees is expected to encourage increased trading activity, attract new users, and stimulate liquidity provision on the platform. By reducing transaction costs, Minswap aims to empower a broader audience to participate in decentralized trading, strengthening the Cardano DeFi ecosystem.  The waiver of batcher fees also reflects its responsiveness to community feedback and dedication to fostering a more inclusive DeFi ecosystem.

Minswap enables users to trade tokens quickly and affordably while offering key features like liquidity provision, yield farming, and governance participation. As a community-driven platform, it ensures fair distribution of MIN tokens to liquidity providers and protocol participants, allowing them to vote on changes and earn rewards.

Since its inception, Minswap has been a key player in shaping the Cardano DeFi ecosystem. Its focus on innovation and user-friendly features has firmly established it as a significant force in decentralized trading on the network.

MIN Price Increase

Following the latest announcement, the price of Minawap’s native token, MIN, has surged over 25.3% from its increase of 32.25 over the past 7 days. Despite the current market condition impacting major crypto assets like BTC and ETH, MIN has experienced a remarkable spike, currently trading at $0.03437.

With a market capitalization of over $47.8 million and a 24-hour trading volume of more than $272,600, the asset has shown strong community support, increasing investors’ confidence. The platform’s success has been instrumental in attracting liquidity and users to the Cardano network, contributing to its overall growth and adoption.

Minswap’s commitment to decentralization and active community engagement is evident in its operation as a decentralized autonomous organization (DAO), empowering token holders to participate in governance and shape its future. As Minswap continues to innovate and expand, it is well-positioned to drive the broader adoption of decentralized finance on Cardano.

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