Sushi to test Bitcoin swaps and Opyn DeFi protocol founders cave to CFTC pressure: Finance Redefined
Sushi is set to test Bitcoin swaps on 30 different blockchains using the interpretability protocol ZetaChain.
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Sushi is set to test Bitcoin swaps on 30 different blockchains using the interpretability protocol ZetaChain.
Sushiswap (SUSHI) price reclaimed the $1.15 territory on November 2 before retracing below $0.92 a week later. On-chain data trends explore how traders could react as SUSHI broke the $1 barrier on Friday.
Decentralized exchange Sushiswap (SUSHI) has introduced a new tokenomics model for sustainable growth and efficiency that the community is now discussing.
Decentralized exchange Sushi will test native Bitcoin DeFi functionality that promises to allow users to swap BTC across 30 blockchain networks.
The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.
SushiSwap's CEO, Jared Grey, is leading a community proposal to revamp the platform's tokenomics, aiming to improve reward efficiency, recalibrate incentives, and diversify revenue streams.
A crypto strategist says more rallies are up ahead for prominent decentralized exchange (DEX) Sushi (SUSHI) and Apecoin APE, the digital asset associated with the Bored Ape Yacht Club non-fungible token (NFT) collection.
In the fast-evolving realm of cryptocurrencies, Filecoin has recently made headlines through its strategic integration with Sushi, a move that's shaking up the crypto landscape and fostering anticipation among enthusiasts and investors alike. The integration aims to enhance liquidity, promote decentralized storage, and introduce exclusive NFT giveaways, marking a significant milestone for both platforms.
Filecoin (FIL) maintained an upside stance over the past month. It jumped 16% over the past day to $5.49. The alt gained over 30% and around 70% within the past week and 30 days, respectively. Meanwhile, the altcoin seems poised for continued rallies following its latest breakout.
FIL, the native cryptocurrency of the decentralized storage platform Filecoin, is making big moves gaining 16% in the last 24 hours and shooting all the way to $5.5 levels. Amid the current rally, FIL has extended its weekly gains by more than 32% and monthly gains by close to 70%.
Sushi, a prominent decentralized exchange, is now integrated on Filecoin, enhancing its cross-chain capabilities and launching a special NFT to commemorate the collaboration.
SushiSwap revealed that users would be able to make cross-chain transactions on Filecoin network across 30 different blockchains.
With this integration of Smart Pools, users can now earn higher yields without the hassle of manually rebalancing their liquidity.
DeFi depends on liquidity providers (LPs), but LPs can face an uphill battle in generating yield. Steer Protocol announced on Thursday that it is integrating its so-called Smart Pools on Sushi to try and make liquidity provision more attractive.
Chef Jared Gray spices up SushiSwap as the new tokenomics recipe promises NFT rewards, liquidity boost, and bullish trends for holders and the network.
SushiSwap (SUSHI) has recently surged by an impressive 53%, making it a notable performer in the cryptocurrency market. Recently, market intelligence platform Santiment suggested that alternative cryptocurrencies like SushiSwap are gaining momentum, overshadowing the traditionally dominant Bitcoin. This shift in market dynamics indicates the potential commencement of an “altcoin season.
SushiSwap (SUSHI) is a silent performer that has jumped as high as 3.44% in the past 24 hours to $0.9875. The decentralized exchange token has seen a 53% jump in its valuation in the trailing seven-day period but has remained notably under the radar.
SushiSwap, represented by the token SUSHI, has seen a substantial price surge, placing it among the notable winners in the present market conditions. This upward trend has sparked the interest of derivative traders, who are increasingly adopting a bullish outlook on SushiSwap's future performance.
Sushi's staggering 80% price surge sparks euphoria, drawing derivative traders into the bullish wave. Will this crypto darling's ascent continue?
A widely followed crypto analyst says that one Ethereum (ETH) rival that's skyrocketed by over 300% this year still has more room to rally. Pseudonymous crypto trader Altcoin Sherpa tells his 194,200 followers on the social media platform X that smart contract platform Solana (SOL) will likely continue surging up in price until proven otherwise.
Altcoins including Status (SNT), SushiSwap (SUSHI), and Bluzelle (BLZ) have experienced significant gains in the cryptocurrency market, while Bitcoin (BTC) continues to hover below the $35,000 mark. According to insights provided by blockchain intelligence firm Santiment, these three altcoins have emerged as top performers, capitalizing on the profits generated by Bitcoin.
In a recent whirlwind of activity within the cryptocurrency market, SushiSwap (SUSHI) has emerged as a standout performer. The digital asset has experienced a remarkable surge in trading volume, with its price soaring by over 70%.
Notably, SNT saw the most substantial decline during the previous day's trading, with its price plummeting by over 12% to reach $0.05064. Santiment, a cryptocurrency behavior analytics platform, disclosed today that several cryptocurrencies have witnessed notable increases in essential on-chain metrics traditionally linked with bullish trends.
In the fast-paced world of cryptocurrency, where prices can soar and plummet in the blink of an eye, SushiSwap (SUSHI) has recently stolen the spotlight with a stunning 48.45% price surge in just 24 hours. This extraordinary increase in value has left the crypto community buzzing with excitement.