According to Odaily, SushiSwap, a decentralized exchange, has now launched on the Bitcoin sidechain, Rootstock. Rootstock was initiated in 2018 with the aim of introducing decentralized financial functions to the Bitcoin network. These functions are typically associated with Ethereum and BNB Chain. The ecosystem uses the RBTC token, which has an exchange rate of 1:1 with Bitcoin.
Rootstock's goal is to enhance the functionality of the Bitcoin network by incorporating features that are usually linked to other blockchain platforms like Ethereum and BNB Chain. By doing so, it aims to increase the versatility and utility of Bitcoin in the decentralized finance (DeFi) sector. The launch of SushiSwap on Rootstock is a significant step towards achieving this goal.
SushiSwap's launch on Rootstock not only expands the exchange's reach but also contributes to the growth of the Bitcoin ecosystem. By integrating with Rootstock, SushiSwap can now offer its services to Bitcoin users, thereby increasing the accessibility and usability of Bitcoin in the DeFi space. This development is expected to have a positive impact on the overall growth and adoption of Bitcoin and decentralized finance.