SushiSwap Lays Out Roadmap Goals For 2023 Focused On DEX And Users

Key Points:

• Sushi’s CEO stated that the protocol will deploy a DEX aggregation router in the first quarter of 2023.
• SUSHI has increased roughly 36% this year, compared to Ethereum’s native token ether (ETH), which has risen 33%.

A well-known decentralized finance (DeFi) application SushiSwap’s CEO outlined the protocol’s 2023 roadmap, emphasizing user experience, and stated that Sushi will launch its decentralized exchange (DEX) aggregator in the first quarter.

As part of its earlier bigger objectives to make the protocol viable and lucrative, the protocol will place a strong emphasis on DEX products this year.

In particular, the firm’s objective is to become a market-leading DEX by enhancing its product stack and achieving feature parity to give a solid platform for innovation, such as biased LP routes via aggregation router and focused liquidity, which will be available in Q1 2023.

Ultimately, we will provide deep liquidity, optimal pricing, sustainable tokenomics, & an easy-to-use platform, placing you first in everything we build.

CEO Jared Grey said in a blog post

The DeFi Protocol was built as a copy of Uniswap, but with additional liquidity mining and governance features. According to DefiLlama statistics, SushiSwap, the DEX, had approximately $457.8 million in locked token value as of Tuesday. A total of $329.6 million is invested in Ethereum-based assets.

According to Coinmarketcap statistics, SUSHI, the native token of the SushiSwap decentralized exchange, has increased roughly 36% this year, compared to Ethereum’s native token ether (ETH), which has risen 33%.

The protocol created its DEX aggregation router in “stealth mode” during 2022, according to Grey, and it will help offer the greatest user experience by delivering consumers with optimum pricing. DEX aggregation joins the liquidity pools of numerous decentralized exchanges, allowing traders to get better prices and liquidity. 1inch, OpenOcean, and ParaSwap are among the top DEX aggregators.

Additionally, Sushi is also planning to develop Sushi Studios, a decentralized incubator that will license the brand to launch independently-funded initiatives to foster ecosystem growth without burdening the DAO treasury, according to Grey’s blog.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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