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The ecosystem builder for one of the first decentralized\u00a0exchanges on the Cardano blockchain, Adaswap, was claimed to have opened on the mainnet earlier this week, as reported\u00a0by TWJ<\/a>. Rumor has it that the testnet version of the platform was unveiled in June. AdaSwap was one of the first programs\u00a0created on top of the Milkomedia Network, a cutting-edge protocol that grants features to blockchains like Cardano EVM.<\/span><\/p>\n In addition to this upside of the community, the price of the token surpassing that of ETH and BTC was yet another news to celebrate to.<\/p>\n The costs of crypto assets have once again risen at the start of this week. After losing 3% in just one day, the market value of all assets was $820 billion on Monday. Top assets fell between 2% to 4% during that time, including Bitcoin, Ethereum, and Cardano.<\/p>\n The asset\u2019s users have been using it more regularly despite the downturn. At the time of writing, it surpassed popular networks like Bitcoin, Ethereum, and others as the blockchain with the highest level of activity. Almost $6.4 billion worth of trade was cleared on Cardano the day before. In contrast, there were $4.75 billion and $1.84 billion worth of transactions for Bitcoin and Ethereum, respectively.<\/p>\n Mark Yusko, CEO of Morgan Creek Capital Management, claimed that Cardano (ADA) and XRP are comparable since consumers and developers don\u2019t seem to adore them despite their popularity in a recent interview<\/a> with the YouTube channel Altcoin Daily.<\/p>\n He further added,<\/span><\/p>\n \u201cThat one [Cardano] reminds me of XRP. The people love it. But the developers and the users don\u2019t seem to love it. And that\u2019s the part I don\u2019t really get.\u201d\u00a0\u00a0\u00a0<\/p>\n<\/blockquote>\n Yusko asserts that he would not, however, go so far as to compare XRP and ADA to meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). According to the investor, the well-known canine coins \u201cmust go to zero.\u201d<\/p>\n Yusko claimed that XRP was excluded from Morgan Creek\u2019s cryptocurrency index fund because it was \u201ctoo closely held.\u201d He referred to the fact that Ripple, a centralized\u00a0firm, controls a sizable chunk of the current tokens. This occurred just a few months before the U.S. Securities and Exchange Commission filed a lawsuit against Ripple for unregistered sales of the XRP coin.<\/p>\n<\/div>\nMark Yusko\u2019s Contradictory Thought About Cardano<\/h2>\n
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