Sushiswap’s fourth anniversary marks a bold new chapter with its Multi-DEX Powerhouse roadmap, setting the stage to dominate decentralized exchanges.
Sushiswap is marking its fourth anniversary with an ambitious plan to become a leader in decentralized exchanges (DEX).
Already renowned for innovations like MasterChef, xSushi, and SushiXSwap, Sushi is now advancing with new strategies to manage liquidity, operate across multiple blockchains, and enhance user token swaps.
Central to Sushi’s progress is the Route Processor. This tool aggregates liquidity from over 35 blockchains, simplifying the token swap process for users.
It ensures users receive the best prices and routes for their trades, giving Sushi a competitive advantage by allowing token swaps anytime and anywhere, regardless of the network.
Since its launch, the Route Processor has cemented its leadership in DeFi according to Sushi. By facilitating easy access to competitive token trading, Sushi has rapidly expanded, achieving over $550 million in trading volume within just three months.
While Sushi has made significant strides for traders, it remains committed to liquidity providers (LPs), who play a key role in maintaining the system’s functionality.
Sushi is introducing Blade, a new type of Automated Market Maker (AMM) designed to protect LPs from impermanent loss—the risk of asset devaluation while providing liquidity. With Blade, LPs can earn stable returns on valuable assets without the worry of unnecessary losses.
Additional products entering the Sushi ecosystem include Kubo and ALM Smart Pools. Kubo enables users to profit through strategies that protect against major market fluctuations. Meanwhile, ALM Smart Pools simplify liquidity management and often offer better returns than traditional methods.
Sushi’s reach is expanding, now operating on over 35 blockchains with plans for further growth. This extensive network allows users to trade across various systems through a single, user-friendly interface.
The Route Processor aggregates liquidity from multiple sources, ensuring traders get the best prices, even on smaller or less interconnected networks.
A standout feature of the platform is the Swap API, which allows other companies to integrate Sushi’s swap experience into their apps. This integration offers opportunities to share fees and create new revenue streams in the future.
SushiXSwap, now in its second version, enables users to perform cross-chain swaps on 15 networks, with plans to expand further. This aligns with Sushi’s mission to streamline trading across different blockchains.
Sushi is committed to simplifying the experience for traders. It has introduced features like tax token support, dollar-cost averaging (DCA), limit orders, and a Mini Portfolio tool to help users better manage their trades and assets. Additionally, Sushi is developing mobile solutions to allow users to trade and manage portfolios on the go.
Check out: Discover how Sushiswap drove CORE’s 74% quarterly surge in DeFi TVL, as revealed by a recent report.
The platform is also improving its token listing process. It now prioritizes active and reliable tokens, aiding traders in making more informed decisions.
Beyond its main platform, Sushi is expanding by developing new decentralized exchanges (DEXs) for specific blockchains through Sushi Labs. These DEXs will integrate into the broader Sushi ecosystem, benefiting from Sushi’s technology and shared liquidity.
Some of the new projects include Saru, built on ApeChain, which will serve as a hub for the ApeCoin ecosystem, connecting with NFTFi and GameFi. Susa, created on Layer N, will offer fast, decentralized perpetual trading, ensuring quick and efficient trades with complete transparency.
Wara, on Solana, aims to bridge the gap between Ethereum-based and Solana-based DeFi systems by using Sushi’s Route Processor to enable cross-chain liquidity.
As these new DEXs launch, Sushi plans to reward long-time users with a share of the rewards from these ventures. These benefits will accumulate as more DEXs are introduced, providing loyal users with increasing advantages as Sushi expands.
