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.
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