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The decentralized exchange (DEX) SushiSwap has announced it is expanding to the Layer 1 blockchain Aptos.
As the decentralized ecosystem evolves, multiple blockchains are likely to co-exist. Hence, DEXes constantly try to bring liquidity across major blockchain networks.
SushiSwap Aims to Leverage Aptos’s Technology
In an announcement on Monday, SushiSwap confirmed its expansion to the Aptos blockchain. Last month, the DEX also expanded to Coinbase’s Base network.
While SushiSwap is widely available across many Ethereum Virtual Machine (EVM) compliant blockchain networks, with Aptos expansion, it has now set its footprint to a non-EVM chain.
Click here to read our ultimate guide to the Aptos network.
Aptos’ Move programming language has attracted the attention of SushiSwap to launch its v2 Automated Market Maker (AMM) on the Layer 1 protocol. Moreover, the DEX said that it has planned more integration with Aptos.
SushiSwap explains Move as follows:
“Designed for smart contracts, the Move programming language empowers developers to create applications simply, securely, and swiftly.”
Click here to read our guide on smart contracts.
However, per data from the Token Terminal, Aptos’ core developers have declined by 35% in the past 365 days. But on the brighter side, the core developers have increased by 9.8% in the past 90 days, trying to reclaim the 2022 highs.
As of Sunday, 67 core developers are building on the Aptos network. Token Terminal defines core developers as follows:
“Number of distinct GitHub users that that made 1+ commits to the project’s public GitHub repositories during the past 30 days.”
The announcement has not significantly impacted the price action of either SUSHI or Aptos network’s APT token. The screenshot below shows that in the past 24 hours, the price of SUSHI has declined by nearly 3%, whereas the price of APT has fallen by 3.87%.
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