Sushi Labs acquired Sushi Labs on January 28 to improve the performance of SushiSWAP Decentralized Exchange (DEX), said Ssushi Labs on January 28, Ssushi Labs.
This acquisition is about to solve some common tasks faced by DEXS, such as Sushiswap. Sushi Labs said in a statement shared with Cointelewraph that “infinite loss, liquidity provisioning optimization, and multiple transaction efficiency improvement.”
Since Sushiswap has been trying to reclaim the lost land after the long -term decrease in total value locks (TVL) since 2021, DEX has also increased competition with Solana, which specializes in transactions with emerging chains such as hyper liquids. .
Sushi’s TVL has fallen sharply since 2021. Source: Displacement
relevant: XRP’s DEX is a $ 17 million CEO every day.
The shipyard’s products use the RFQ (Residation for Quote) system to avoid the loss of criticism using the automated market manufacturer (AMM) and the permanent future or “perps” exchange system that distributed fluidity distributed fluidity. It is included.
Sushi said it will integrate Kubo into a new sushi brand puff product. Incomplete losses are value losses for the liquidity provider of DEXS as the relative value of cryptocurrency changes in the liquidity pool.
Sushi Labs is a developer of Sushiswap, a popular DEX. According to Defillama, this platform works on more than 35 blockchain networks, and it takes about $ 220 million on TVL.
Sushiswap, which began in 2020, was once one of the most popular DEXS, and due to internal disputes, exploitation and legal issues, the maximum tvL of more than $ 8 billion in 2021 has reduced the use of Dex in the long run.
According to Defillama, tvL ranked 13th in DEXS, and leaders such as Uniswap and Raydium, respectively, delayed about $ 5.6 billion and $ 2.7 billion in TVL.
Defi TVL is approaching in the past. source: Displacement
Defi TVL increase
According to DEFILLAMA’s data, tvL is approaching the highest level that has not been seen since 2021.
The TVL spike was led by the adoption of liquid rest tokens and the growth of the Bitcoin Native Layer -2 Network (L2S). The increase in cryptocurrency prices due to the bull market in 2024 also increased TVL.
According to Defillama, as of January 28, AGGREGATE Defi TVL increased more than 100% year -on -year to more than $ 11.9 billion. This data still delays $ 170 billion in 2021.
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