$1.10
1H
0.08%$0.0009
24H
1.38%$0.0149
7D
0.44%$0.0048
30D
4.22%$0.0444
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.
Uniswap is the market leader in the DEX market with more than 43% market share. It also offers competition to some of the biggest centralized exchanges such as Coinbase.
While the internal crises rocking the SushiSwap project has seen a number of top developers make their exit, Sestagalli’s proposal of a SushiSwap takeover has received mixed feelings from the community members whose hands the fate of the proposal now lies.
The attacker whom Delong suspected to be a Twitter user with the handle @eratos1122 notably carted away with the entire sum generated from the token sale.
Divergence is announcing the upcoming public sale of its native token, DIVER, on SushiSwap’s MISO launchpad.
HaloDAO will hold its anticipated Initial DEX Offering (IDO) on June 24, launching on SushiSwap’s recently deployed MISO Launchpad at 12 PM UTC.
