SushiSwap (SUSHI) is an Ethereum token that powers SushiSwap, a decentralized cryptocurrency exchange and automated market maker built on Ethereum. Holders of SUSHI can participate in community governance and stake their tokens to receive a portion of SushiSwap’s transaction fees.
In 2020, we saw the rise of decentralized exchanges, or “DEXs,” from UniSwap and SushiSwap on Ethereum, to more niche products like Project Serum for Solana users and most recently, PolkaSwap on Polkadot.
This month marks the first time since November 2020 that the monthly DEX volume has decreased, according to data gathered by The Block. The post March decentralized exchange volumes fell by 8% appeared first on The Block.
The third iteration of the market-leading decentralized exchange Uniswap is coming this spring, according to new details of the so-called v3 launch published Tuesday. The post 4000x more capital efficient: Uniswap team reveals details for v3 appeared first on The Block.
SushiSwap is about to provide DeFi devotees with a reason to use Avalanche.
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