Sushi Expands to Aptos, a Non-EVM Blockchain
Decentralized exchange Sushi has announced its expansion to Aptos, marking a significant milestone for the platform. This move enables Sushi to be accessible on a blockchain that is not compatible with the Ethereum Virtual Machine (EVM). Sushi is a popular Ethereum-based DEX that allows users to swap tokens and earn interest with their crypto. According to CoinGecko, it is currently the 43rd largest DEX with $3.3 million in trading volume over the past 24 hours. Aptos, launched in October, is a blockchain founded by the developers behind Meta’s Diem blockchain. It initially had a slow start but recently joined forces with Microsoft’s Azure OpenAI Service. Sushi’s integration with Aptos further strengthens its position in the cross-chain/multi-chain landscape.
Focus on User Experience and Interoperability
Aptos has stated that additional integrations are on the horizon, with a focus on delivering a world-class user experience and interoperability for Sushi and Aptos users and builders. This expansion provides Sushi users with more options and opportunities for trading and liquidity provision. As a decentralized exchange, Sushi operates without a middleman, allowing users to trade tokens without the need for typical know-your-customer (KYC) protocols. This sets it apart from major crypto exchanges like Binance or Coinbase. Other DEXs running on the Aptos blockchain include PancakeSwap and Liquid Swap, and the total locked value in Aptos projects currently stands at $45.5 million.
Hot Take: Sushi’s DEX Expansion to Aptos Enhances Cross-Chain Reach
Sushi’s expansion to Aptos signifies a significant step forward for the decentralized exchange in terms of cross-chain compatibility. By venturing beyond the Ethereum ecosystem, Sushi opens up new opportunities for users to trade tokens on a blockchain that is not EVM-compatible. This move aligns with the ongoing trend in the crypto industry towards interoperability and expanding beyond a single blockchain. With Aptos’ focus on user experience and the promise of further integrations, Sushi users can expect enhanced functionality and seamless interaction between the two platforms. Overall, this expansion strengthens Sushi’s leading position in the cross-chain/multi-chain landscape, paving the way for future growth and adoption.
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