Markets News Report Technology
June 11, 2024

Sushi Introduces New Development Partner, Sushi Labs, And Unveils Its Roadmap

In Brief

Sushi Labs will be executing Sushi’s ecosystem strategy, and exploring solutions to enhance Sushi’s offerings.

Sushi Introduces New Development Partner, Sushi Labs, And Unveils Its Roadmap

Multi-chain decentralized exchange (DEX) Sushi has announced the launch of Sushi Labs, a development partner tasked with leading new product development, executing Sushi’s ecosystem strategy, and exploring solutions to enhance Sushi’s offerings.

According to the roadmap outlined by Sushi Labs, the key projects under development include Sushi’s swap and aggregation engine, as well as the route processor, which aims to offer users the best swaps by accessing liquidity across various sources. Additionally, there is a multi-token product suite in the works designed to introduce a multi-token strategy to distribute product costs, maximize rewards, and tap into high-growth verticals.

Other projects include the development of an on-chain order book ETH-based perpetuals DEX called Susa and the creation of franchised or native DEXs like Wara on Solana and Saru on ApeChain, aimed at enhancing market presence and liquidity. Furthermore, Sushi Labs is exploring the potential launch of a dedicated Sushi network or appchain.

However, Sushi DEX will continue to serve as the central platform, prioritizing the provision of liquidity and trading services.

Sushi Launches On Rootstock, Introducing Bitcoin’s Security And Decentralization Features To Users

Sushi stands out as a prominent multi-chain DEX operating across more than 30 blockchains. It provides a distinctive cross-chain swap functionality, known as SushiXSwap, facilitating effortless swaps across 14 different blockchains. Through Sushi, users can engage in swapping and liquidity provision and utilize advanced trading and decentralized finance (DeFi) services.

SushiSwap functions similarly to a traditional exchange, enabling users to trade various cryptocurrency assets among themselves. However, SushiSwap operates through smart contracts instead of a centralized entity. Users deposit their cryptocurrencies into the protocol, where they are securely locked and made accessible for trading by other traders.

In February, Sushi unveiled its latest addition, the decentralized derivatives exchange Susa developed on Layer N. Utilizing Layer N’s Nord engine, the exchange boasts a remarkable capacity, processing over 100,000 transactions per second while maintaining a latency of under 1 millisecond.

Recently, Sushi went live on the EVM-compatible Bitcoin sidechain Rootstock. This integration enables Sushi users to engage in trading activities and provide liquidity on Rootstock, benefiting from the security and decentralization features inherent in Bitcoin.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
Lumoz Unveils esMOZ Airdrop Details And Opens Inquiry, Rewarding Community With 1B Tokens
News Report Technology
Lumoz Unveils esMOZ Airdrop Details And Opens Inquiry, Rewarding Community With 1B Tokens
November 5, 2024
Gate.io Sets New Record For Total Trading Volume In Q3 2024 As Its User Base Surpasses 17M
News Report Technology
Gate.io Sets New Record For Total Trading Volume In Q3 2024 As Its User Base Surpasses 17M
November 5, 2024
Kamino Finance Launches New Jito Market In Kamino Lend To Accelerate JitoSOL Growth
News Report Technology
Kamino Finance Launches New Jito Market In Kamino Lend To Accelerate JitoSOL Growth
November 5, 2024
Arcium Acquires Core Technology And Team From Inpher To Enhance Network Performance And Capabilities
Business News Report Technology
Arcium Acquires Core Technology And Team From Inpher To Enhance Network Performance And Capabilities
November 4, 2024