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Grey hinted that big changes should be expected in the decentralized exchange (DEX) space, particularly in the automated market maker (AMM) and perpetuals (perps) sectors.
Key Notes
Sushi will announce a strategic acquisition aimed at the AMM and perpetuals sectors.The platform has experienced 100% year-over-year growth and is now a leading aggregator in DeFi.Popular decentralized finance (DeFi) platform Sushi is tidying up the process of a strategic acquisition, according to the statement made by CEO Jared Grey.
Although the finer details of the upcoming acquisition are yet to be revealed, Grey hinted that big changes should be expected in the decentralized exchange (DEX) space, particularly in the automated market maker (AMM) and perpetuals (perps) sectors.
Sushi to Boost DeFi Innovation with Upcoming Acquisition
In the update, shared via an X thread, Grey says the acquisition is expected to prepare the grounds for introducing new DeFi tools and features. The platform believes that these features, which will focus mainly on delivering improved automated trading, will help it become a much bigger force to reckon in the DeFi space.
By SushiSwap’s calculations, the acquisition will be a major step forward in the direction where it is able to compete shoulder-to-shoulder with top-tier DEXes and aggregators.
Grey also shared some interesting updates about Sushi. The CEO noted that the project has been putting up stellar performances across several key areas. The statement reads partly:
“Let me say this loudly: Sushi is now the most distributed aggregator in the industry. Our tests show we’re beating the top aggregators on competitive networks on vital metrics like price, gas, latency, etc.”
Furthermore, Grey noted that the platform’s aggregation volume has been on a steady rise month-over-month. He noted that this metric alone should show how much growth and success Sushi has seen.
However, rather than focus on Sushi’s relatively steady growth on every other front, Grey says that people continue to focus on its Total Value Locked (TVL) a metric that many in the DeFi community already consider outdated.
Growing Success and Future Plans
According to Grey, the advanced aggregation system of Sushi is largely incomparable and has been delivering the best swap experience across all major networks. This, he says, offers users broader access to token inventory and competitive APYs for liquidity providers (LPs).
He also noted that the platform has seen a 100% year-over-year growth in its number of users. The achievement is another representation of its expansion and growing relevance.
With the upcoming acquisition, Sushi aims to bring new DeFi innovations to the market. These tools, as earlier mentioned, will target the AMM and perps sectors, potentially putting Sushi ahead within the DeFi sector.
Grey says the full details of the acquisition will be communicated shortly. So, expectations are that more details about the innovative features will also follow.
In the meantime, Grey has encouraged builders and protocols interested in collaborating with Sushi to reach out. He offers them opportunities to integrate with their API for further development and integration.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.
