Decentralized Exchange Sushi Ventures Beyond Ethereum by Expanding to Aptos

From Ethereum to Aptos

Sushi is a decentralized exchange ( dex) and automated market maker ( AMM) built on the Ethereum blockchain. It allows users to trade crypto assets and provide liquidity in return for rewards. Launched on August 28, 2020, The dex also has a native governance token called SUSHI.

“By leveraging Aptos’s Move programming language, Sushi is initially introducing its v2 Automated Market Maker ( AMM), with more integrations to come,” Sushi said in its announcement. The Sushi team believes the Aptos integration will unlock deeper cross-chain liquidity and elevate the trading experience across chains.

Aptos is a new layer one (L1) blockchain focused on scalability and claims to provide reliability, security, and usability. Its Move programming language enables developers to build Web3 applications in a different fashion. As a non- EVM chain, Aptos represents new territory for Sushi, the developers remarked.

According to the announcement, “This expansion to Aptos not only unlocks a new level of deep liquidity across major blockchain networks but also significantly elevates the cross-chain trading experience.” Sushi’s team insists the decision will strengthen its leading cross-chain position by spreading to Aptos.

Sushi was once a top dex but volume has dropped considerably over the past few years. Defillama.com statistics show that the dex platform has $347.23 million total value locked across various protocols. Sushi’s TVL has also lost a great deal of value since November 2021, after holding more than $8 billion.

What do you think about Sushi expanding to the L1 blockchain Aptos? Share your thoughts and opinions about this subject in the comments section below.