Decentralized finance project sushiswaprecently announced an important development that concerns its investors. According to Block’s news, SUSHI will operate for the first time on a blockchain network that is not connected to the Ethereum Virtual Machine (EVM).
Developers, DeFi decided to integrate the project with the Aptos (APT) network so that the platform can reach wider audiences in the future. The automatic market maker tool developed by Sushiswap was also included in the move. SUSHI His team said the following in their statement to Block:
“The new integration is our first move that is not EVM-related. “Integrating Sushiswap with Aptos is important to make the project stand out on different blockchain networks.”
Although the SUSHI team has not made an official statement yet, the visual that appeared at the TOKEN2049 event confirms the news.
DeFi altcoin units made a lot of profit for investors in the previous bull market. But today, all of them, including SUSHI, are performing much worse.
Ethereum, which hit $4,800 in the previous rally, has lost approximately 65% of its value from its peak today. Decentralized finance tokens like Sushiswap (SUSHI) are down more than 90%.
SUSHI, which is close to the bottom levels seen at the end of 2020 when it was offered on the Binance exchange, is currently trading at $ 0.57. The altcoin unit of the decentralized finance project had previously risen to $ 22.