Latest MuesliSwap MILK (MILK) News Update

Deep Dive

1. Market metrics

MILK trades at $0.0671, down 20% this week and 87% from 90-day highs. Its 24-hour volume of $1.76M (-6.76% daily) reflects thin liquidity, with a turnover ratio (volume/market cap) of 4.52x—below the 10x threshold that typically signals stable markets.

The token’s 30-day correlation to Bitcoin is weak (-46% vs BTC’s +10% monthly gain), suggesting idiosyncratic risks like fading protocol traction or speculative exit.

2. Protocol context (historical)

MuesliSwap, a Cardano-based DEX, last shared a milestone in Q1 2025 with v2.0 upgrades (MuesliSwap). Since then, no major technical updates or partnerships have been announced.

The project’s self-reported $389K market cap (5.8M MILK circulating) positions it as a micro-cap, making it vulnerable to liquidity shocks.

Conclusion

MILK’s price erosion and news vacuum point to speculative disinterest, though its micro-cap status leaves room for volatility on sudden developments. What catalyst could reignite attention toward Cardano-based DEX tokens like MILK in a Bitcoin-dominant market?

Deep Dive

1. Sentiment Overview

MILK’s sentiment skews heavily bearish, driven by a -92.91% price drop over 365 days and -46.79% in 30 days (CoinMarketCap). The lack of recent news (no articles since 2023) and minimal social media chatter suggest waning interest. Traders on decentralized exchange (DEX) forums occasionally flag its -80.61% 60-day decline as a speculative “bottom,” but most view the token as high-risk given its $389k self-reported market cap and unverified supply metrics.

2. Key Discussion Themes

• Price collapse: The token’s multi-year downtrend dominates discussions, with long-term holders expressing frustration over the absence of recovery catalysts.
• Liquidity concerns: A 24h volume of $1.76M and turnover ratio of 4.52 indicate shallow order books, raising slippage risks for larger trades.
• Ecosystem relevance: Some question MILK’s utility within MuesliSwap’s DEX model, as competitors like Uniswap and PancakeSwap dominate multichain liquidity.

Conclusion

MILK’s bearish narrative stems from its prolonged downtrend, lack of updates, and niche positioning in a saturated DEX market. While volatility could attract short-term traders, the absence of fundamental drivers makes sustained recovery unlikely. What on-chain or partnership data might signal a reversal for MILK?

TLDR
MuesliSwap MILK’s latest major update is its ongoing migration to MILKv2, a technical upgrade enabling decimal support and phased reward reductions for MILKv1 holders.

1. Decimal precision – MILKv2 adds 6 decimal places for finer transaction granularity.
2. Migration incentives – MILKv1 staking/farming rewards decline over time, urging users to upgrade.
3. Manual process – Liquidity providers and stakers must manually migrate LP tokens or restake.

Deep Dive

1. Release type & scope

The MILKv2 migration, launched on 26 January 2024, is a permanent protocol upgrade affecting all token holders, liquidity providers (LPs), and stakers. It replaces the original MILK token (v1) with a new asset (v2) under a fresh policy ID while maintaining a 1:1 supply ratio.

2. Key modifications

• Decimal support: MILKv2 introduces 6 decimal places, enabling microtransactions (e.g., 0.5 MILK trades) previously impossible with v1’s integer-only system.
• Token burning: Users burn MILKv1 tokens via MuesliSwap’s migration portal to mint MILKv2 1:1.
• LP migration: Existing MILK/ADA liquidity pool tokens require manual conversion to v2-compatible versions.

3. Impact on users & devs

• Users: Must actively migrate tokens and LP positions to avoid diminishing staking rewards. Failure to convert LP tokens could trap liquidity in deprecated pools.
• Developers: No backward compatibility – dApps integrating MILK must update to recognize the new policy ID (afbe91c0b...).

Conclusion

The MILKv2 migration prioritizes transactional flexibility but places operational burdens on holders, with price declines (-81% past 90 days) potentially reflecting slow adoption. How might delayed migration rates impact MILK’s liquidity depth and governance participation?

Deep Dive

1. Near-Term Roadmap (0–6 Months)

The MILKv2 migration remains active, allowing users to convert v1 tokens to a decimal-compatible version (MuesliSwap). Key steps:
- Liquidity providers must manually migrate LP tokens to v2 pools
- Flexible staking requires unstaking v1 tokens, migrating, and restaking v2
- Rewards for v1 staking/farming continue to decline, incentivizing migration

No hard deadline exists, but delayed adoption risks fragmenting liquidity and reducing protocol activity.

2. Long-Term Vision (6+ Months)

MuesliSwap aims to evolve into a decentralized autonomous organization (DAO), with MILK holders voting on:
- New token listings
- Feature prioritization (e.g., advanced trading tools)
- Fee structure adjustments (MuesliSwap)

Plans also include launching MuesliPad (a token launchpad) and an NFT marketplace, though neither has a confirmed timeline.

3. Critical Context

• Migration inertia: With MILK’s price down 81% over 90 days (CMC data), sluggish migration could prolong liquidity fragmentation.
• Cardano ecosystem dynamics: Competing DEXs like SundaeSwap or WingRiders might capture market share if MuesliSwap’s DAO rollout stalls.
• Regulatory uncertainty: Decentralized governance models face evolving legal challenges globally.

Conclusion

MuesliSwap’s success hinges on completing its migration smoothly and delivering DAO functionality to differentiate in Cardano’s crowded DeFi landscape. How might MILK’s governance incentives align with long-term holder retention as competing platforms innovate?