SushiSwap to Launch 5 Products Including 'Susa' Futures Exchange Next Year... SUSHI Surges 25%
Summary
- SushiSwap announced plans to launch five new products next year, signaling its intent to expand.
- The price of the SUSHI coin surged 25% following the announcement, attracting interest from investors.
- With this product launch, SushiSwap aims to expand beyond the Ethereum Virtual Machine to various blockchains.
Decentralized exchange (DEX) SushiSwap (SUSHI) has announced plans to launch five new products next year.
On the 8th (local time), Jared Grey, CEO of SushiSwap, stated on X (formerly Twitter), "We passed a comprehensive governance overhaul last April," and added, "We plan to launch five products, and SushiSwap's influence will expand beyond the Ethereum Virtual Machine (EVM)."
The products SushiSwap plans to launch next year include Wara based on the Solana blockchain, the futures exchange Susa, the automated market maker (AMM) solution Kubo, the MEV-eliminating solution Blade, and the SushiSwap Aggregator.
Meanwhile, MEV (Miner Extractable Value) refers to the profit miners can gain from manipulating the order of transactions before they are recorded on the blockchain ledger. EVM refers to the virtual machine that processes Ethereum transactions.
The price of SUSHI is trading at $2.53, up 25% from the previous day, based on the Binance USDT market at 15:25 on this day.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
