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SushiSwap Sets Ambitious Goal to 10x Market Share in 2023

SushiSwap Sets Ambitious Goal to 10x Market Share in 2023

SushiSwap, a decentralized exchange (DEX) platform, has announced a series of updates to its platform to increase its market share by 10x in 2023.

​​The platform's CEO, Jared Grey, outlined the plans in a blog post, stating that it will focus on its product stack, scalability and sustainability.

Grey says the plan is to release its DEX aggregation router in the first quarter of 2023, increasing swap volumes and fees.

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According to the CEO's blog post, one of the key initiatives on SushiSwap's roadmap is the launch of its decentralized incubator, Sushi Studios. The incubator will let the Sushi brand launch independently-funded projects to support ecosystem growth without burdening the DAO treasury.

“Ultimately, we’ve entirely revamped to focus on scalability & sustainability,” says the Head Chef of the DEX, citing SushiSwap’s emphasized commitment to sustainability.

The SushiSwap executive stated that the platform had restructured its tokenomics to encourage liquidity providers to migrate to Sushi. This way, an increased return on investment can be achieved.

Additionally, it was mentioned that SushiSwap plans to promote deep integration with network partners to provide them with equitable inclusion in the Sushi DEX, making it the go-to exchange for new token launches.

SushiSwap currently commands 2% of the Automated Market Maker (AMM) market and 0% of the aggregation market.

“By executing our vision, we intend to 10x our market share in 2023,” says Jared Grey.

As for SushiSwap's other 2023 plans, the platform is also building a governance dashboard and focusing on user experience.

The dashboard will showcase Sushi's budget, crypto wallets for each project, and Treasury expenditure audit results. Grey said that, ultimately, the platform aims to "provide deep liquidity, optimal pricing, sustainable tokenomics, and an easy-to-use platform," placing users first in everything they build.

In other news, Japanese authorities demanded regulators treat crypto as financial institutions.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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