A New Decentralized Exchange (DEX) on Solana (SOL) Is in the Works for 2025, According to SushiSwap CEO Jared Grey
The future of SushiSwap (SUSHI), a decentralized exchange (DEX) supporting several chains, is being described by Jared Grey, managing director of Sushi Labs.
According to Grey's post on X, the Sushi DAO implemented a new governance structure in April that would use a "multi-token ecosystem mandate to launch new Sushi products."
Our planned product releases for the year 2025 are as follows:
Wara is Solana's newest all-inclusive trade platform.
The new on-chain order book from Susa - Sushi is destroying DEX.
Kubo - The new primitives from Sushi Labs are designed to bootstrap new markets using tactics that are neutral to delta.
Blade, our latest LVR AMM (loss-versus-rebalancing automated market maker) system, does away with MEV (maximum extractable value) for assets with a blue chip rating.
We will increase its distribution by adding more partners. SushiSwap Aggregator is now in production.
Layer-1 N1 is "the most performant network for on-chain order books," according to Grey, who also mentions that the new perpetual DEX Susa will debut on it.
As of this writing, SUSHI is selling for $2.34. The 242nd most valuable cryptocurrency by market value has lost over 2% today, but gained over 68% last week and over 207% last month.
The asset has been making some gains as of late, but it's still 90% behind its all-time high of $23.38, which it achieved in March 2021.
#AltSeasonBoom? #MarketCorrection