In a bold move, Sushi, a stalwart in the decentralized exchange (DEX) landscape, has broadened its horizons by integrating with the layer-1 blockchain, Aptos.
Breaking New Ground
This integration with Aptos marks a significant departure for Sushi. It’s the first instance of the exchange being available on a blockchain that doesn’t align with the Ethereum Virtual Machine (EVM). Before this, platforms like Ethereum, Arbitrum, Polygon, and Fantom were Sushi’s playground, as highlighted by DefiLlama.
A Glimpse at the Numbers
With a whopping $350 million total value locked (TVL) on its platform, Sushi is a force to be reckoned with. Of this, Ethereum boasts $267 million. In contrast, Aptos currently holds a modest $45 million in locked value. However, this move could be a game-changer. By aligning with Aptos, Sushi might just open the floodgates for capital, potentially rivaling non-EVM giants like Solana and Mixin.
Elevating the Cross-Chain Experience
Sushi’s expansion isn’t just about numbers; it’s about enhancing the user experience. “Our venture into Aptos not only taps into deep liquidity across major blockchain networks but also significantly uplifts the cross-chain trading journey,” Sushi mentioned in their official statement.
A Closer Look at Aptos
A creation of former Meta (META) talents, Aptos made waves with its native APT token launch last year. Despite boasting a market cap exceeding $1 billion, the blockchain faced challenges in drawing a significant chunk of the decentralized finance (DeFi) TVL.
Sushi’s strategic move to Aptos is a testament to the ever-evolving nature of the crypto landscape. As boundaries expand and collaborations form, the future of decentralized exchanges and blockchain integrations looks brighter than ever.
