Cardano's Promise Withering Away? Network Creaks Following SundaeSwap Launch

Even as top coins on the cryptocurrency chart continue to struggle, the race between Cardano and Solana keeps taking new twists and turns.

While in November last year, Solana overtook Cardano, the latter managed to overtake Solana a couple of weeks ago. But the recent strains on the Cardano network after the SundaeSwap launch is making users consider whether Cardano's promise is withering away.

For most of last year, Cardano was ahead of Solana. It was only in November that Solana overtook Cardano to become the fifth-largest cryptocurrency by market cap. But breakdowns in Solana's network broke the trust of investors, pushing Cardano to the lead in mid-January.

Cardano launched its first decentralized app (DApp) SundaeSwap on Jan. 21. At the time, Cardano's total value locked reached around $80 million. ADA exceeded over 20 million transactions with no downtime in over 1,500 days of operation and the number of ADA wallets was on the verge of breaking the 3 million mark.

While many enthusiasts took to social media to celebrate the milestones, reports of transactions failing on SundaeSwap began circulating soon. Users complained of unprocessed DEX orders despite submitting them prior to the launch of the platform.

Additionally, a commercial dispute regarding allegations of failed investor promises between two projects on the network, the Cardano accelerator program CardStarter and SundaeSwap, have taken the sheen off Cardano.

Despite the challenges, Cardano has maintained its position above Solana on the price charts. The question is whether it can cement that position by delivering on its original promise to make transactions faster and cheaper for investors.

Cardano was trading at $1.03, down 2.38%, and Solana was at $90.03, up 0.17%, as of 4:18 a.m. ET, Coinmarketcap data showed.