SushiSwap Expands to Aptos Network, Integrating Sushi v2 AMM
SushiSwap, an Ethereum-based decentralized exchange (DEX), has announced its expansion to the Aptos Network. This integration will involve the integration of Sushi v2 AMM and SushiXswap into the layer-1 blockchain. The partnership with Aptos, which is the first-ever non-EVM integration, will play a crucial role in achieving SushiSwap’s goals of cross-chain and multi-chain prominence. Aptos also revealed its plans for future integrations to enhance user experience and interoperability for users and developers on both platforms. Initially, SushiSwap will introduce its v2 Automated Market Maker (AMM) using Aptos’ Move programming language. The expansion aims to improve the cross-chain trading experience and increase liquidity across major blockchain networks.
Aptos and SushiSwap Collaborate to Unlock Interoperability
Aptos, a layer-1 blockchain supported by venture firm Andreessen Horowitz (a16z), expressed its enthusiasm for the deployment and its commitment to the potential of Web3. Aptos believes in bringing opportunities to people through broader access to services and greater ownership over creative output. This collaboration with SushiSwap and projects powered by the Aptos global builder community aligns with their vision. SushiSwap’s expansion to Aptos follows the recent exploit of its approval contract, resulting in a loss of over $3 million in Ether assets. SushiSwap has since announced plans to compensate affected users. Aptos Labs also made headlines by integrating with Microsoft’s Azure OpenAI Service to advance Web3 adoption by financial enterprises. Despite the expansion, both the SUSHI and APT tokens have seen a decline in value over the past month.
Hot Take: SushiSwap and Aptos Collaborate to Boost Cross-Chain Trading
The integration of SushiSwap with the Aptos Network marks an important step towards achieving cross-chain and multi-chain prominence. By leveraging Aptos’ layer-1 blockchain and its Move programming language, SushiSwap aims to enhance the cross-chain trading experience and increase liquidity across different blockchain networks. This collaboration is the first-ever non-EVM integration with Aptos, showcasing the innovative capabilities of both platforms. Additionally, Aptos’ commitment to Web3 adoption and its partnership with Microsoft’s Azure OpenAI Service further solidify its position in the crypto space. While both the SUSHI and APT tokens have experienced declines in value, this partnership has the potential to drive growth and attract more users to the SushiSwap ecosystem.
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