SushiSwap
Coverage of SushiSwap in the Nexus archive.
- The protocol that survived its own founder, then SBF, then itself
SushiSwap, a DeFi protocol, has survived multiple challenges including its founder selling his stake and the successor Sam Bankman-Fried being involved in crypto fraud. The token's price has significantly decreased from $23 to $0.20-$0.30. Despite this, SushiSwap is still operating across 40+ chains.
- Anyone here actually using SushiSwap on Katana?
The author is seeking information about using SushiSwap on Katana, specifically regarding liquidity and fees. They are looking for firsthand experiences from users who have provided liquidity on SushiSwap. The author wants to know if there is organic swap demand or if volume is mostly due to aggregator routing.
- SushiSwap's Solana deployment is the most interesting crosschain DEX architecture I've seen this year
SushiSwap's Solana deployment features a unique cross-chain DEX architecture that integrates Jupiter's ultra API for execution layer handling. This setup allows for liquidity-aware routing and blurs the line between aggregator and DEX. SushiSwap's approach raises questions about the definition of a DEX and its relationship with the underlying technology.
- Anyone else been quietly watching the SushiSwap turnaround?
SushiSwap has undergone a significant turnaround, achieving over $10M in revenue and becoming profitable, with notable developments including a $3.3M investment from Synthesis and the integration of Katana, which has reached $100M TVL. The project's quiet period was misinterpreted as decline, but it has shown resilience. Key changes to token economics were made following a December emissions vote.