SushiSwap (SUSHI) is a cryptocurrency that has been surrounded by various developments in recent times. The crypto seems to be actively making efforts to improve its decentralized exchange (DEX) performance and increase liquidity. Recently, Sushi acquired
Shipyard to better address DEX performance issues. To further its aim of safeguarding the interests of its users, SushiSwap went live on Bitcoin sidechain
Rootstock. Through a strategic acquisition pointed out by CEO Jared Grey, the company is aiming at making a substantial market comeback.
Furthermore, SushiSwap has also announced the launch of a meme coin launchpad to mitigate pump and dump challenges often faced by cryptocurrencies. However, the crypto asset has been grappling with regulatory challenges as seen from the SEC subpoena SushiSwap received. SushiSwap is also reportedly moving away from Kanpai 2.0, as suggested by the community. It recently faced an approval bug which led to an exploit of $3.3M.
Despite these challenges, SUSHI has been showing signs of potential recovery from its all-time low, with price predictions suggesting it will hit $10 in the near future. The company has launched the Sushi DEX aggregator for liquidity support and also plans to implement its native Bitcoin DeFi swaps via its new partnership with
Zetachain. Moreover, Sushiswap is now actively operating on
Aptos as part of its expansion plan.
However, amid these developments, SushiDAO has proposed a strategy to sell all SUSHI tokens which points towards a possibly worrying outlook for some investors. Though innovation seems strong, SushiSwap has faced scrutiny for issues around transparency and leadership.
SUSHI Coin News Analytics from Mon, 30 Sep 2013 07:00:00 GMT to Sat, 01 Feb 2025 08:00:00 GMT -
Rating -2
- Innovation 5
- Information 5
- Rumor -3
