2023-09-11 16:20:48
SushiSwap, the popular decentralized exchange (DEX) known for its multi-chain capabilities, has announced its expansion to the Aptos network. This is the first SushiSwap project on a non-EVM (Ethereum Virtual Machine) chain. and carries a series of benefits that promise to improve the landscape of cross-chain trading.
Aptos, the platform chosen for SushiSwap’s latest leap, is a layer 1 chain designed with user experience at its core. At the heart of Aptos is its Move programming language, a powerful tool that empowers developers to build Web3 applications with simplicity, security, and speed as top priorities.
???? Sushi is expanding to @Aptos_Network !
???? First non-EVM chain deployment
???? v2 AMM to begin with
⛓️ “Move-ing” to a whole new level of multi-chain DEXperienceStay tuned for more!
Blog: pic.twitter.com/re5mG8v9DC
— Sushi.com (@SushiSwap) September 11, 2023
The blockchain network offers features to suit a wide range of applications, including the ability to scale and upgrade, and it can process millions of transactions per second. It has a strong developer community, a clear development roadmap, and a commitment to security and privacy.
Meanwhile, SushiSwap’s integration with Aptos represents a milestone for both parties. Leveraging Aptos’ Move programming language, SushiSwap will initially introduce its AMM (automated market maker) v2 and SushiXswap to the Aptos network.
Sushiswap Meets Apts to Elevate Cross-chain Experience
This not only opens new avenues for deep liquidity across various blockchain networks, but also elevates the overall cross-chain trading experience to unprecedented heights.
While this initial migration to Aptos is significant, the Aptos Foundation stated in a blog post which is just the beginning. Aptos, driven by its mission to facilitate effortless adoption of Web3, hopes to empower people with innovative solutions.
1/ @SushiSwap is MOVE-ing up to a greater cross-chain experience with Aptos. #SushiRollsWithAptos
Sushi, the leading multi-chain DEX, will soon expand to Aptos, their first non-EVM chain.
Learn more ???? pic.twitter.com/ENWzqm4MgN
— Aptos (@Aptos_Network) September 11, 2023
The platform stated:
“More integrations are coming, focusing on world-class user experience and interoperability for Sushi and Aptos users and builders.”
The Aptos team further said that they firmly believe that Web3 has the power to give real possibilities to real people.whether by expanding access to services or giving them more control over their creative output.
However, Sushi’s expansion efforts had no effect on SUSHIthe project’s native token, which was still down more than 2.73% from the previous day and was trading at $0.56. Aptos’ native token APT followed this pattern, falling 5.3% in the last 24 hours, according to data from Coinmarketcap.
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