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SushiSwap has once again taken center stage in the decentralized finance (DeFi) space. The decentralized exchange’s liquidity has seen an exponential explosion over recent days while the SUSHI token itself has gained 200% from the local lows set just weeks ago. SushiSwap has had a bit of a storied history. It was launched as a…
There is nothing delicious about SUSHI anymore. The SushiSwap decentralized exchange’s governance token continued on its downtrend as its price fell another 15 percent in the new week. As of 1130 UTC, SUSHI/USD was trading at $0.75, down 94 percent from its record high at $12.48, a level achieved on September 1, 2020. Trust Issues…
SUSHI was among the worst-performing cryptocurrencies on Thursday as the decentralized finance token faced a severe competitive threat from a rival. Uniswap, a decentralized trading platform that inspired the launch of SUSHI’s parent project, Sushiswap, launched its governance token, UNI, Wednesday night. Against the expected supply of 1 billion, Uniswap dispatched 150 million UNI tokens…
It’s been quite the past few days for Ethereum, decentralized finance, and the entire crypto industry due to SushiSwap. SushiSwap marked a revolution in how protocols complete; the project, forked from Uniswap, has also marked a revolution in how and if anonymous developers can operate multi-million-dollar protocols. Unsurprisingly, with the unique journey that SushiSwap has…