Defi
Sushi Partners With Layer N to Launch High-Speed Derivatives Exchange
Sushi, the multi-chain decentralized exchange (dex), plans to launch a new high-speed derivatives exchange called Susa.
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Sushi (SUSHI) is a decentralized finance (DeFi) protocol that operates as a community-driven decentralized exchange (DEX) and automated market maker (AMM), renowned for its innovative tokenomics and rewarding experience for users. Forked from Uniswap, a popular DeFi protocol, Sushi was created to provide a more community-focused and decentralized alternative, allowing users to participate in governance decisions and earn rewards in the form of SUSHI tokens. With its decentralized network of liquidity providers, Sushi enables secure, transparent, and low-fee transactions, making it an attractive option for DeFi investors and traders. The SUSHI token, which is used for governance, staking, and rewards, has become a popular investment due to its potential for long-term growth and its role in the DeFi ecosystem. As a result, Sushi has gained significant traction, with a growing community of users and a strong presence in the DeFi space, and is traded on major crypto exchanges, offering users a wide range of opportunities for investment and participation.
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Sushi, the multi-chain decentralized exchange (dex), plans to launch a new high-speed derivatives exchange called Susa.
Leading the 24-hour surge are the crypto tokens sushi (SUSHI) and beldex (BDX), which stand out higher in terms of gains among their peers.
The team behind the decentralized exchange noted that the move marks Sushi's first expansion onto a non-EVM blockchain.
Market volatility caused the total value locked (TVL) to retreat under the $40 billion range, touching $37.965 billion.
Sushi, the Web3 exchange that pivoted into a decentralized autonomous organization (DAO), is seeking to organize a legal defense fund.
Uniswap has the highest trade volume during the past 24 hours at $1.9 billion and $3.57 billion total value locked (TVL).