SushiSwap-Avalanche collaboration

SushiSwap collaborates with Avalanche, one of the emerging stars of the DeFi ecosystem.

SushiSwap-Avalanche collaboration

SushiSwap with Avalanche going to cooperate.

Largest decentralized exchange (DEX) and automated market maker (AMM) by total value of locked assets (TVL) SushiSwap’ integrates with the Avalanche DeFi ecosystem.

Avalanche enables DeFi applications to scale and perform at the same level as traditional finance applications. Unlike other blockchain platforms, you don’t need to wait for hours for your transaction to be completed; Avalanche transactions are confirmed almost instantly. Also, transaction fees on Avalanche are quite reasonable..

Avalanche-Ethereum Bridge (AEB) Initialized on 8 February. After this date, smart contract activities on Avalanche also experienced a boom.. During this period, the amount of transactions increased by 1051% and the number of wallets increased by 1752%..

On the other hand, SushiSwap, which entered the market in August 2020, is the largest DEX in terms of TVL. According to DeFi Pulse data, $4.5 billion worth of assets are locked on the DEX.

Speaking on the SushiSwap-Avalanche collaboration, Joseph Delong, CTO of SushiSwap :

TVL fourteen plans to deploy Sushi on Avalanche as an important step towards liquidity and volume expansion. look forward to it”

What is SushiSwap? How to buy SUSHI coin? Does it have a future?

Factors that set Uniswap (UNI Token) to a record!

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SushiSwap at the billionaires club

SushiSwap, SUSHI coin price has increased by 278% since the beginning of 2021, exceeding 1 billion dollars in market cap value. SushiSwap has managed to rank among the top 40 projects in this state..

Decentralized exchanges have been the market’s favorite for the last few months.. However, after the success of Uniswap, the competition seems to have worked for both projects..

SushiSwap seems to have proven how tough a competitor it is to Uniswap; the project is currently in the CoinGecko data 36. looks in line. SUSHI price gained 30% in the past week alone. The daily transaction volume on SushiSwap seems to have reached 2 billion dollars..

Tough start from SushiSwap

SushiSwap had to follow a turbulent path to get to where it has acquired. SushiSwap left Uniswap with a hard fork. It was not easy to compete with the project that revealed itself.

The project developer, known as Chef Nomi , sold his founding shares after a while. Incident exit-scam, considered scam, SUSHI price down 50%.

After the incident, Chef Nomi apologized and decided to return the $14 million fund in Ethereum back to the project.. According to data from

DeFi Pulse, the TVL value of the project has now reached $2.2 billion..

SUSHI price in uptrend

SUSHI price has entered a correction phase after its massive rise. SUSHI is currently trading at $10.31. In fact, this price is an all-time high, not counting the levels it saw when it was first listed on the Binance exchange..

SushiSwap remains a serious competitor to Uniswap in the DeFi space. SUSHI has a trading volume of $1.26 billion.

What is SushiSwap? How to buy SUSHI coin? Does it have a future?

Factors that set Uniswap (UNI Token) to a record!

Source

SUSHI token eclipsed UNI token

SushiSwap SUSHI token carries more on-chain value than Uniswap’s UNI token. DeFi exchange protocols, both top ten. In this case, a series of questions arise about the competition between these two.

When we look at the share of these two in the total value of SUSHI and UNI tokens, the following picture emerges.. The SUSHI token is responsible for 70 percent of the total carried value and the UNI token for 30 percent.

UNI (green) vs.. SUSHI (red) USD valuation chart Source: Coin Metrics

Of course, these two platforms have more data to measure their dominance.. If we look at the trading volume of each exchange, Uniswap has a higher trading volume than SushiSwap.. Uniswap’s daily trading volume is $346 million. This value is only around $45 million at SushiSwap.

Investors use Uniswap as a crypto exchange. However, SushiSwap’s native token SUSHI is more preferred for carrying value.. The difference here is also important to consider.

Liquidity mining is important

SUSHI token has more value. Because SushiSwap provides more support for liquidity mining. In the process, token holders earn the platform’s native token.

Uniswap distributed 20 million UNIs between September 18 and November 17.. However, it is unclear whether it will continue this feature.

SushiSwap, on the other hand, still offers liquidity mining in all pools.. A provider can earn between 0.25 and 1,167 SUSHI against a $1,000 return.

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