Sushiswap (SUSHI), a decentralized exchange (DEX), hopes to grow its market share tenfold by 2023, according to project CEO Jared Gray.
gray says new words blog post Sushiswap plans to release a new DEX aggregation router in the first quarter of this year, which he believes will increase the project’s swap volume.
The CEO points out that Sushiswap developers built an aggregation router last year. It is a tool that allows users to monitor numerous decentralized finance (DeFi) protocols in “stealth mode”.
“We believe aggregation helps us provide the best user experience by serving our users with optimal pricing. to take advantage of this innovation. [users] By leveraging the Trident framework across multiple networks, you can benefit from increased swap volumes and fees. “
Gray also said Sushiswap is taking steps to “secure the runway for multi-year operations.”
“Currently, SUSHI commands about 2% of AMM. [automated market maker] 0% of the aggregate market. By executing on our vision, we intend to increase our market share by 10x by 2023. “
The CEO says Sushiswap plans to launch a decentralized incubator called Sushi Studios to foster independently funded projects to boost the growth of the ecosystem.
“These products will help elevate the Sushi brand without hindering DAO. [decentralized autonomous organization] Core DEX focus, a major historical obstacle to Sushi’s horizontal product direction. SUSHI has a solid, resilient brand that represents the best of DeFi [decentralized finance]thanks to Sushi Studios, you can leverage your brand to reach everyone. “
SUSHI is trading at $1.25 at the time of writing. Ranked 141st by market capitalization, the cryptocurrency is up 1.38% in the last 24 hours and nearly 10% in the last 7 days. It remains down nearly 95% from its March 2021 all-time high of over $23.
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Generated image: In the middle of the journey