Decentralized Finance (DeFi) Protocol SushiSwap: a Short Guide
VanessaJane last edited by
SushiSwap came out with its own token named SUSHI in August 2020. The decentralized exchange has witnessed a huge trading volume recently with a total of $3.2 billion behind Uniswap’s $5.8 billion. It offers swapping, staking, and yield farming with a variety of trading pairs on its platform.
Scope of SushiSwap
Decentralized SushiSwap will continue to grow strongly offering lucrative rewards and efficient token distribution for the investors. It has made impressive progress in just a few months after its launch in the market by establishing partnerships with some big players in the industry. It might overtake Uniswap in the total value locked and liquidity soon. Its trading capabilities will be tested in the future as investors will look to reallocate their assets from the expiring trading pairs of Uniswap. As the price of the SUSHI token price rises, it will chart its own path and become a big DeFi conglomerate.