Decentralized exchange Sushi is making a significant move by expanding to the Aptos blockchain, marking its first foray into a non-EVM blockchain. Sushi, which was originally built on the Ethereum blockchain, allows users to trade cryptocurrencies and provide liquidity in exchange for rewards. Its native governance token, SUSHI, has gained popularity in the crypto community.
By leveraging Aptos’s Move programming language, Sushi is introducing its v2 AMM, with plans for more integrations in the future. The Sushi team aims to unlock deeper cross-chain liquidity and enhance the overall trading experience across different chains. Aptos, as a new layer one (L1) blockchain, focuses on scalability while ensuring reliability, security, and usability. Sushi’s expansion to Aptos not only expands its reach to major blockchain networks but also strengthens its position in cross-chain trading.
Sushi’s decision to expand comes at a time when its volume and Total Value Locked (TVL) have seen a decline. However, the team remains optimistic about the potential of Aptos and believes it will bring new growth opportunities for the decentralized exchange. The move to Aptos represents a strategic step towards broadening Sushi’s presence and capturing new market segments in the crypto industry.
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