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Tag Archives: SushiSwap

Decentralized Exchanges Bounce Back: $29 Billion Traded in November

The recent surge in cryptocurrency markets over the last month seems to have spilled over into the realm of decentralized finance (DeFi). The trading volume on decentralized exchanges (DEX) has traditionally been considerably lower than that of centralized exchanges (CEX). However, the recent market rally has led to increased activity, albeit at a somewhat slower pace. DEX Trading Volume Picks Up Pace According to research from Kaiko, major platforms such as Uniswap and Curve...

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SushiSwap Launches Sushi DEX Aggregator for Liquidity Support

Sushi noted that its team had been working secretly on building an aggregation router for a while now as it is part of the platform’s bigger vision for 2023.  Open-source Decentralized Exchange (DEX) SushiSwap has introduced a new aggregator as it makes its first foray into the aggregation business. With this DEX aggregator, SushiSwap customers are allowed to obtain the best prices when trading on the platform without further or additional procedures. In order words, customers will be...

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Here’s How SushiSwap Plans to Refund Users After $3.3 Million Hack

Ethereum-based decentralized exchange (DEX) SushiSwap released an update about its plans to return stolen funds to users affected by the $3.3 million exploit over the weekend. According to an announcement from the exchange’s official Twitter handle, users whose assets were taken by white hat security teams would be refunded quicker than those who lost theirs to the black hat hackers. The $3.3 Million SushiSwap Hack Recall that the popular decentralized exchange was exploited...

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Sushi Seeks $3 Million USDT Defense Fund Following SEC Subpoena

Jared Grey – the “Head Chef” (CEO) of the automated market maker Sushi Swap – is attempting to establish a $3 million legal defense fund after being subpoenaed by the Securities and Exchange Commission (SEC).  Grey declined to comment further on the ongoing investigations but said he and Sushi were cooperating with the agency.  In a blog post on Tuesday, Grey said that the new Sushi Dao Legal Defense Fund would cover “reasonable attorney’s fees” for core contributors who have...

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Uniswap Hits ATH of Almost $12B in Trading Volume Amidst USDC Crisis

The decline of centralized entities has worked out well for their decentralized counterparts. Over the weekend, USDC witnessed a significant trading volume on several decentralized exchanges. Uniswap, for one, reached its highest daily volume ever of $11.84 billion on March 11th. But it isn’t the only decentralized protocol that saw traction. Decentralized Exchanges Register Impressive Growth The development comes in the backdrop of Circle’s USDC de-pegging event that...

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The Reason Why SushiSwap (SUSHI) Is 17% Up Daily

Decentralized exchange (DEX) SushiSwap’s token SUSHI witnessed daily gains of 17% after a $50 billion privately owned asset manager lifted investor spirits by expressing commitment towards the ecosystem. Global asset management firm GoldenTree revealed following SushiSwap for a while and is eager to be “more active in all things Sushi” following the launch of its crypto-dedicated arm – GoldenChain Asset Management. It has invested about $5.2 million in the governance token as...

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SushiSwap 2.0 Reveals Restructuring Plans After Months of Internal Crisis

SushiSwap has come up with a restructuring plan after the exodus of developers and talent in the past months. In the latest blog post, the popular DEX acknowledged the internal crises that plagued the ecosystem after the exits of its top leaders and an apparently failed union with Frog Nation. It has a new vision in place. SushiSwap’s Restructuring Plans SushiSwap has revealed carrying out a reorganization by retaining and installing a “strong and loyal” team. Reportedly new...

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SushiSwap Proposal Calls for a Merger With the Bancor Network

SushiSwap is one of the most popular and also veteran decentralized exchanges and automated market makers (AMM). Still, it went through a fair share of infighting in the past couple of months. Now, a community proposal calls for a merger between Sushi and the Bancor Network. A Bit of Context On December 9th, Joseph Delong, the Chief Technical Officer of SushiSwap, announced his resignation. This was no coincidence and the culmination of a prolonged squabble within the...

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SushiSwap’s Shoyu Showcase Campaign Goes Live: Taps Metaverse Capabilities

SushiSwap, the popular decentralized exchange that saw the light of day last year, will enter the non-fungible token and metaverse spaces. It will do so by releasing a platform aiming to combine the best from both worlds and the initial v0 campaign will go on for ten weeks. Shoyu Comes to Life The press release shared with CryptoPotato informed that the name of the new initiative is Shoyu and the official launch date is November 3rd. This comes just five months after the...

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