To transform DeFi on Cardano, the decentralised AI platform and Minswap Labs, the first multi-pool decentralised exchange on Cardano, have teamed together.

The combination of two technologies—DeFi and AI—to push the envelope and enhance the system in order to provide the Web3 ecosystem with better goods and solutions.

Partners at SingularityNET Minswap announced a collaboration with Cardano's decentralised exchange and its AI platform SingularityNET to work together on multiple fronts in the cryptocurrency sector.

The integration of DeFi and AI to open up new possibilities and efficiencies in each field.

In order to enhance the Minswap platform, SingularityNET and Minswap Labs will investigate and create a number of integrations utilising SingularityNET's AI technology.

Additionally, Minswap will help to increase the usability and accessibility of SingularityNET's native token, AGIX, as well as new goods and solutions for the Web3 ecosystem.

Additionally, the companies will explore optimization of liquidity pools and the strategic use of token incentives to increase adoption and usability of respective ecosystems.

The collaboration already started since Minswap supported SingularityNET in its Artificial Superintelligence (ASI) Alliance.

“There is a variety of ways to use modern AI to enhance what a top-grade DEX like MinSwap already does, from providing intelligent interactive user interfacing to help end-users better leverage MinSwap’s capabilities, to uses of AI predictive and causal analysis within agents carrying out transactions on the exchange and assisting with liquidity provision, said SingularityNET CEO Ben Goertzel.

The projects see future work in LP collaboration, different AI integrations, and potentially incorporating token bridge capabilities from SingularityNET into Minswap.

ADA and AGIX Prices to Rally

The collaboration on various segments of each ecosystem will also provide advantages to Cardano, such as providing liquidity. This will help drive overall growth in crypto sector.

ADA price fell 1% in the past 24 hours, with the price currently trading at $0.45. The 24-hour low and high are $0.44 and $0.46, respectively. Furthermore, the trading volume has decreased by 35% in the last 24 hours, indicating a decline in interest among traders.

Meanwhile, AGIX price currently trades at $0.824, up more than 1% in the last 24 hours. The 24-hour low and high are $0.791 and $0.866, respectively.