Sushi acquires Shipyard to address DEX performance issues
SushiSwap's total value locked has declined sharply since 2021 highs, according to DefiLlama.
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SushiSwap's total value locked has declined sharply since 2021 highs, according to DefiLlama.
Sushi Labs managing director Jared Grey is outlining what's next for the multichain decentralized exchange (DEX) SushiSwap (SUSHI). Grey notes on the social media platform X that the Sushi decentralized autonomous organization (DAO) passed a comprehensive governance overhaul in April that will use a “multi-token ecosystem mandate to launch new Sushi products.
SUSHI has soared by 22% following the announcement of the 'Treasury Diversification Proposal.
SushiSwap (SUSHI) token recently reached a yearly high of $2.64, capturing significant attention in the crypto market before undergoing a slight correction to $2.26 at press time, credited to the profit-taking behaviour of investors.
SushiSwap's 2025 roadmap expands with products like Kubo, Susa, and Blade, aiming to improve DeFi with cross-chain integration.
TL;DR Sushi DAO plans a 2025 of expansion with new products such as Wara, Susa, Kubo, and Blade to improve trading and expand its reach. The platform aims to expand beyond Ethereum, focusing on Solana and other blockchain ecosystems to strengthen its presence.
Sushi's DAO's CEO, Jared Grey (aka head chef), took to X (formerly Twitter) to share Sushi's plans for 2025 as well as the project's accomplishments in 2024. In April 2024, Sushi DAO, the community governance structure behind SushiSwap, a decentralized exchange (DEX) on the Ethereum blockchain, implemented a far-reaching governance overhaul.
Sushi DAO plans to diversify Sushi treasury tokens from 100% SUSHI to a mix of 70% stablecoins, 20% blue-chip tokens, and 10% DeFi tokens.
Sushi DAO, the organization governing the Sushi Swap decentralized exchange, has proposed diversifying its treasury assets. Under the proposal, Sushi's treasury will go from 100% SUSHI tokens to a mix of stablecoins and other assets.
As the tectonic plates shift in the crypto market, the bulls are on the cusp of starting an altcoin season. Amid this, the DeFi Tokens, mainly DEX tokens, can find an opportunity to reclaim 2021 levels. The native token of Sushiswap, SUSHI, shows such potential if the market turns favorable.
This week's Crypto Biz also explores Tesla's Bitcoin holds, Avalanche's Visa card, Core Scientific's billionaire deal with CoreWeave and Chainlink's pilot for corporate databases.
TL;DR Enhanced Liquidity: Sushi's ‘Super Swap' roadmap aims to improve liquidity across over 35 blockchain networks, ensuring seamless and efficient transactions. Ecosystem Growth: The roadmap focuses on integrating various blockchain networks, simplifying user access, and driving ecosystem growth by attracting more users and developers.
DEX SushiSwap unveiled a roadmap for its future development, promising to “Swap Everything”. The announcement particularly focused on their new Route Processor technology, and how it will impact users.
Sushi expands cross-chain presence with Route Processor technology across 35+ networks, enabling optimized trading routes and deep liquidity access.
On October 21st, Sushi announced its Super Swap roadmap. The roadmap includes various important updates and expansions directed towards improving user experience and operations across different blockchain networks.
The Sushi Super Swap roadmap was launched with expansion on multi-chain expansion, cross-chain aggregation, and the introduction of Blade AMM.
TL;DR Strategic Acquisition: SushiSwap is set to announce a strategic acquisition aimed at enhancing its automated market maker (AMM) and perpetuals (perps) offerings, as revealed by CEO Jared Grey. Growth and Innovation: The acquisition is expected to introduce new DeFi tools and features, positioning SushiSwap as a top competitor among DEXes and aggregators.
Grey hinted that big changes should be expected in the decentralized exchange (DEX) space, particularly in the automated market maker (AMM) and perpetuals (perps) sectors.
As the bull run in the crypto market is picking up pace, multiple low-cap altcoins are rising back from hibernation. With the massive influx of demand, these altcoins are preparing for moonshot rallies in the upcoming bull run. Based on previous bull runs, here are the top altcoins to stack in October for 10x Profits.
SushiSwap price surged 12% in the last 24 hours following the recovery of the crypto market, which spiked 4.1% due to the Bitcoin price recovery. However, this may not be the only contributor to the SUSHI price gain, as the platform just launched Dojo, a new meme coin launchpad, in collaboration with Goat decentralized exchange.
Crypto markets are off to a shaky start, but several events this week could impact portfolios. Traders and investors will be watching closely, hoping to take advantage of the price swings these events might cause.
Popular DEX SushiSwap has unveiled a new launchpad for meme coins called Dojo, created in collaboration with Goat Trading.
SushiSwap, a decentralized exchange (DEX) operating across multiple blockchains, has announced a meme coin launchpad – Dojo. The DEX partnered with another platform, Goat Trading, to implement this initiative.
Decentralized crypto exchange SushiSwap now supports layer-3 protocols on Orbs to bring new order types, including the ability to spread out orders over time.