1H
-0.46%$0.0038
24H
9.28%$0.0691
7D
12.1%$0.0879
30D
30.9%$0.1920
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.
By choosing the right tools, you’ll be much better equipped to navigate a market that is rightly considered by many traders to be a rollercoaster ride.
Sushi noted that its team had been working secretly on building an aggregation router for a while now as it is part of the platform’s bigger vision for 2023.
According to the Sushiswap announcement of the partnership with Aura Finance, the DEX said the new deal also included at least 28 other projects.
In the case of SushiSwap and the Sei Network, the benefit for both firms is quite clear and besides growing its influence, the former will use the partnership to generate a new revenue stream for the protocol.
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.
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