Decentralized cryptocurrency exchange SushiSwap has announced that it will expand its decentralized exchange to the Aptos Blockchain. As part of the expansion, SushiSwap’s second version of automated market maker (AMM) will be integrated into the Aptos network.
SushiSwap, the decentralized cryptocurrency exchange that has become popular since its launch, will expand to the Aptos Blockchain, which is one of the popular Blockchains. This expansion will allow the decentralized finance project to integrate with a Blockchain that is not natively compatible with the Ethereum Virtual Machine (EVM) for the first time. As part of this significant expansion, SushiSwap’s second version of automated market maker (AMM) will also be integrated into the Aptos network.
According to a statement from the SushiSwap team, “This integration marks SushiSwap’s first entry into a non-EVM Blockchain.” The statement also added, “The integration with Aptos is crucial for advancing SushiSwap’s goals of standing out in inter-blockchain and multi-blockchain environments.”
Aptos, a Layer 1 Blockchain, is supported by leading venture firm Andreessen Horowitz (a16z). Aptos was created and launched by former employees of Meta, the parent company of social media giant Facebook, and it offers developers the opportunity to build decentralized applications (dApps) using the Rust-based programming language Move.
The native asset of the Aptos Blockchain is APT. According to CoinMarketCap data, APT is currently trading at $5.16, experiencing a 2.11% decrease in the last 24 hours. APT reached an all-time high of $19.90 on January 30, 2023, and is currently priced 74.2% below its record high. The all-time low for APT was recorded on December 30, 2022, at $3.09.