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Sushi Launches On The Filecoin Network

Twitter icon  •  Published 5ヶ月前  •  Hassan Maishera

The Sushi team announced via a blog post on Wednesday that Sushi has launched on Filecoin, a decentralized storage network designed to store humanity’s most important information.

The Sushi team announced via a blog post on Wednesday that Sushi has launched on Filecoin, a decentralized storage network designed to store humanity’s most important information. 

Sushi is the first decentralized exchange (DEX) to launch on Filecoin. This integration aims to strengthen Sushi’s leading position in cross-chain and multi-chain capabilities.

Thanks to this integration, Sushi is set to introduce both its version 2 automated market maker (AMM) and version 3 AMM with concentrated liquidity pools. This will allow users to trade and provide liquidity on the Filecoin network.

SushiSwap is a Decentralized Finance (DeFi) liquidity provision platform that aims to be an evolution of Uniswap. SUSHI is trading at $1.015, up by 6% in the last 24 hours. 

Filecoin is a decentralized storage network that serves as an incentivization layer on top of the InterPlanetary File System (IPFS). FIL has added more than 6% to its value over the past 24 hours and is currently trading at $4.537.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.