SushiSwap is in the headlines for multiple reasons, exhibiting potential for recovery from its all-time low with price expectations of hitting $10 by 2025-2030. The Decentralized Exchange (DEX) recently acquired
Shipyard as a strategic move to enhance performance. In a surprising twist,
SushiSwap is taking measures to liquidate SUSHI to stabilize the treasury. Despite internal debate, a team treasury takeover seems inevitable, along with a transition to the 'Labs model'.
Meanwhile, the negative impact of U.S. regulators' crypto crackdown has dented the morale of Sushi's CEO who stated he no longer feels 'inspired'.
Sushiswap has established a partnership with
Layer N to launch a high-speed derivatives exchange. Another significant development in SushiSwap's story is the return of $14 million by its creator following cries of an exit scam.
In an attempt to mitigate pump and dump challenges, SushiSwap also introduced its new Meme Coin Launchpad. On a brighter note, major asset management player, GoldenTree, announced an investment of $5.2M in SushiSwap.
A notable downturn was SushiSwap's approval bug which eventually led to a $3.3M exploit. However, the community is optimistic about SUSHI's price surge, asserting it's still undervalued. SushiSwap's community is continuously evolving, having proposed a Swiss legal structure to limit DAO liability, but also suggesting a possible abandonment of the upcoming Kanpai 2.0.
The introduction of V1 of the much-anticipated Kashi release also made news whilst a white hat potentially saved SushiSwap $350M by finding an 'obvious' exploit.
SUSHI Coin News Analytics from Mon, 30 Sep 2013 07:00:00 GMT to Tue, 28 Jan 2025 08:00:00 GMT -
Rating 7
- Innovation 2
- Information 6
- Rumor -2
