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Sushi Expands Operations to Aptos Blockchain

Sushi, the decentralized digital asset exchange, has recently expanded its operations to the layer 1 blockchain Aptos. This integration will involve the deployment of Sushi v2 Automated Market Maker (AMM) and SushiXswap on the Aptos network.

This is a significant development as it marks the first time that SushiSwap will be integrated on a blockchain that does not have Ethereum Virtual Machine (EVM) compatibility. Aptos was chosen as the destination for this move due to its scalability, reliability, and security.

The Benefits of the Integration

SushiSwap believes that integrating with Aptos will enhance the depth of their platform and strengthen their position as a multi-chain network. This expansion allows SushiSwap to tap into fresh capital as it seeks to rival other non-EVM blockchains like Solana and Osmosis.

Furthermore, Aptos will benefit from SushiSwap’s decentralized finance (DeFi) traction. SushiSwap’s expertise and user base in the DeFi space can contribute to Aptos’ growth. Data from DeFiLlama reveals that Aptos currently has $45 million in total value locked (TVL) on its network, while SushiSwap boasts over $350 million in TVL.

Improving the Trading Experience

SushiSwap plans to deploy the v2 Automated Market Maker (AMM) and SushiXswap on Aptos by utilizing Aptos’ Move programming language. This move aims to enhance the general trading experience on both platforms.

The cross-chain trading experience is expected to be significantly elevated due to this integration. SushiSwap states that it will unlock deep liquidity across major blockchain networks and provide an improved trading experience for users.

Aptos: A Platform for Expansion

The integration between SushiSwap and Aptos has been seen as a symbiotic relationship. Aptos is praised for attracting a notable platform like SushiSwap to its network. It was founded by former Meta employees who aimed to create a fast, scalable, and reliable blockchain. Aptos secured funding from a16z’s Andreessen Horowitz and other top investors to roll out their layer 1 blockchain.

SushiSwap acknowledges that Aptos infrastructure is crucial for the scalability of their project, as smart contracts leverage the utilities provided by the Aptos network. This integration further strengthens Aptos’ position in the blockchain ecosystem.

The Role of AI legalese decoder

The AI legalese decoder can assist in navigating and understanding the legal and technical aspects of integrating SushiSwap on the Aptos blockchain. With its language processing capabilities and legal knowledge base, the AI legalese decoder can help users comprehend complex contracts, terms, and regulatory requirements involved in such integrations. It streamlines the process of reviewing and deciphering legal documents, ensuring compliance and smooth integration for businesses like SushiSwap and Aptos.

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