- SushiSwap’s Head Chef announces ambitious goals for 2023, including becoming a market-leading platform with user-centric features.
- The platform plans to release its DEX aggregation router in Q1 2023 to increase swap volumes and fees and improve the overall user experience.
- SushiSwap aims to focus on scalability and sustainability to “reinvent” the platform’s future.
SushiSwap, a decentralized exchange (DEX), announced its goals for 2023 on January 16th, 2023, via Head Chef Jared Grey’s Medium.
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Read how we're revitalizing @SushiSwap in 2023!https://t.co/KTnNgtUMawSushiSwap’s new initiatives for “revitalizing SushiSwap” will focus on scalability and sustainability. Grey’s announcement further stated: “by executing our vision, we intend to 10x our market share in 2023.”— Jared Grey (@jaredgrey) January 16, 2023
The platform’s unveiled roadmap for 2023 includes the following elements:
Through a Troubled Looking-Glass
The DEX has had a tumultuous history since its launch in September 2020. The platform was initially created as a fork of Uniswap to create a community-driven decentralized exchange.
Since then, the project has struggled to regain its market share in the DEX space and the trust of its community following a series of controversies. These include the sudden departure of the project’s original lead developer, Chef Nomi, after he “removed his liquidity from SUSHI/ETH pool and sold it for 17,971 ETH.”
On the Flipside
- The platform currently commands only 2% of the Automated Market Maker (AMM) market and 0% of the aggregation market.
- Achieving a 10x increase in market share in 2023 is ambitious, considering the current competitive market.
- Considering SushiSwap’s troubled history, the community remains skeptical about the execution of Jared Grey’s “10x” vision.
Why You Should Care
The successful execution of the 2023 roadmap aims to reposition SushiSwap as a force to be reckoned with among decentralized exchanges. Demand for reputable platforms is increasing, which could dramatically alter the current crypto landscape.