1H
1.53%$0.0031
24H
2.07%$0.0042
7D
-2.32%$0.0049
30D
-2.22%$0.0047
SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.
SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.
SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.
The guide provides details on Mdex, which is the optimal way to create cross-chain compatibility between leading chains to create a composite DEX ecosystem. Find out more about its benefits here.
There’s a lot to know about the foundational layer of blockchain networks and applications. We will dive into Layer 0 and its significant relevance in the industry with several of its examples, like Venom.