Cardano Dex Minswap Sees Volume Jump Driven By Snek, Bank Meme Coins

Arrow cardanos min sees volume jumped by snek bank

There has been a significant increase in transaction volumes over the past few days

The network sought profit opportunities in meme coins

Data from min swap volumes increased from around 1 million in early may to 18 million on tuesday

The largest application on cardano with locked value accounting is min swap

This surge in activity has the potential to drive up the prices of min swaps native token min which gains value through platform usage and serves as a governance token

A significant portion of the increased volumes can be attributed to meme coins on the cardano network

There was a 34 surge in the past 24 hours alone