In the field of decentralized exchanges (DEX), Uniswap is undoubtedly the top representative of traffic, and its rapid rise is remarkable. However, Uniswap's user reward mechanism is relatively simple, which gives other competing currencies opportunities, the most eye-catching of which is Sushiswap. While maintaining the AMM model, Sushiswap enhances compatibility and introduces a novel token model. So, between UNI and SUSHI, which one has more potential? Let's explore in depth.
The different development paths of UNI and SUSHI
The two have completely different strategies in many aspects, including Layer 2 solutions, token economic models, and community interactions.
Layer 2 Solution
Currently, Uniswap plans to adopt Optimistic Rollups, while Sushiswap prefers zk-Rollups. This choice not only affects their respective expansion capabilities, but may also make Sushiswap more compatible with other projects in the YFI ecosystem such as Hegic, Alpha, and Cream.Product Development
Uniswap focuses on the V3 version of the AMM model, like a martial arts master who practices hard behind closed doors; while Sushiswap is exploring diversified DeFi products, including Bentobox lending, Mirin and cross-chain functions, striving to get rid of the label of "imitator" and seeking innovation and integration.Token Economic Model
Currently, SUSHI tokens are able to directly capture transaction fees, while UNI’s related functions are still under development. Sushiswap’s token economic design makes it more attractive.
These differences show two completely different evolutionary directions: Uniswap's in-depth exploration and Sushiswap's horizontal expansion. The former continues to dig deeper in the AMM field, while the latter hopes to open up a broader market through community power and diversified products.
In-depth analysis of SUSHI's prospects
Currently, the total issuance of SUSHI is unlimited, which means that if the transaction volume does not continue to grow, the market value of SUSHI will be affected, which may cause the price of the currency to fall. Therefore, the market needs continuous transaction volume to maintain the value of the platform.
In order to cope with the risk of inflation, Sushiswap may decide the upper limit of the total amount of tokens through community voting, thereby curbing inflation and increasing the price of the currency. In the future, Sushiswap may further imitate the currency attributes of centralized exchanges (CEX), such as using SUSHI to deduct transaction fees and airdrop new projects.
Sushiswap aims to become a decentralized Binance, and SUSHI may evolve into a decentralized BNB. It has drawn on the advantages of projects such as Uniswap, FCoin, YFI and YAM, and has aroused enthusiastic response from the market.
in conclusion
With the increasing popularity of DeFi and DEX products, Sushiswap has broad room for development. It may trigger a new round of mining boom in the future, but it also faces the challenge of liquidity competition. Whether it is UNI or SUSHI, investors need to pay close attention to market trends and project development and make rational investment decisions.
