Landon Manning
22 October 2024, 04:44 GMT+0000
Harsh Notariya

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In Brief:
SushiSwap, a decentralized exchange (DEX), has rolled out a roadmap for its future. Their motto? “Swap Everything.” This announcement highlights their new Route Processor technology and how it will benefit users. They also mentioned plans for a “Native DEX” ecosystem and community engagement opportunities.

SushiSwap’s New Direction:
SushiSwap has shared its roadmap for future improvements in the DEX space. The vision, captured in “Swap Everything,” aims to make liquidity access much better.

The new Route Processor isn’t just an upgrade. It’s a game changer. It boosts multi-chain capabilities tenfold. This technology helps find the best trading routes, giving users top-notch liquidity, competitive rates, and access to more tokens than ever. They claim their swapping and aggregation options are unmatched, pulling liquidity from hundreds of sources and featuring the deepest pools available.

However, SushiSwap faces challenges. The SUSHI token hit a low this past June. The bearish trend has raised concerns among community members about the platform’s technical issues.

To turn things around, SushiSwap launched Dojo in September. This is a launchpad for meme coins. The goal is to prevent pump-and-dump schemes in an already crowded market. Still, SUSHI’s price hasn’t changed much. A significant technical refresh may be needed to spark long-term interest.

Despite the new roadmap, the SUSHI token is struggling. In the last 24 hours, it dropped over 5% and is currently trading at $0.7581.

SushiSwap’s roadmap focuses heavily on the Route Processor. It aggregates liquidity from 35 different blockchains, building on the existing DEX infrastructure.

The announcement also highlighted how these upgrades will improve user convenience, increase options, and lower transaction costs. Furthermore, SushiSwap is working on an ecosystem of “Native DEXs.” These platforms will cater to specific networks, aiming to attract new users by offering a wide range of convenient services.