- Summary:
- This is the first time that Sushi has gone outside the EVM ecosystem and the launch on Aptos opens up deeper liquidity and growth avenues.
Sushi, a leading DEX platform, has announced its move to the Aptos Network. With the launch on Aptos, Sushi is finally available on a blockchain that isn’t based on the Ethereum Virtual Machine (EVM). As part of this calculated move, Sushi says it will deploy the Aptos network’s Version 2 Automated Market Maker (AMM). Also, Sushi’s SushiXswap cryptocurrency exchange will go live on the Aptos network.
Implications and potential impacts of the move
Aptos Network, a Layer 1 blockchain, is notable for its enterprise-grade scalability, dependability, security, and user-friendliness; therefore, the launch of Sushi on this network will likely have significant impacts on the DeFi market. The DEX’s essential components, such as Sushi v2 AMM and SushiXswap, will be integrated into the Aptos Network without any disruption.
Sushi’s automated market maker (AMM) Version 2 will be integrated into the Aptos network, which will have far-reaching effects on the DeFi industry. Version 2 of the Automated Market Maker (AMM) integration is expected to significantly improve the cross-chain trading experience and deliver deeper liquidity across key blockchain networks.
SushiSwap has deployed on Ethereum, BNB Chain, Fantom, Arbitrum, and Polygon so far. The combination of the Move programming language and the Sushi backend provides developers with a powerful environment in which to create cutting-edge web3 apps that meet the needs of modern users. The Move language is a smart contract-optimized programming language that makes it easy to build efficient, secure apps.
As Aptos helps Sushi grow, it increases its credibility as a developing blockchain foundation able to accommodate DeFi companies looking to break out of Ethereum’s sway. By using a blockchain that isn’t EVM, Sushi is able to expand its product offerings and add to the story of cross-chain DeFi’s importance.
Moving to Aptos is expected to open up opportunities for further capital infusions, allowing Sushi to compete with other non-EVM networks despite having only $350 million in total value locked (TVL) on its platform. This update to Aptos not only improves the quality of cross-chain trading, but also enables previously unavailable levels of deep liquidity across the most important blockchain networks.