Jared Grey, CEO of SushiSwap, has shared a document explaining the new objectives that the decentralized protocol has set for itself this year to continue standing out in the crypto industry.
With a trading volume of $198 million per week, SushiSwap is currently the sixth most used decentralized exchange (DEX) in the crypto industry.
Although SushiSwap continues to be one of the most innovative protocols in the decentralized finance (DeFi) ecosystem, others such as Curve Finance, Balancer, DODO and 1inch have managed to surpass the DEX, snatching it from the second place it occupied in 2021.
However, SushiSwap wants to regain its leadership position, so it has designed a new roadmap focused on token swapping, liquidity, decentralization, and the sustainability of its protocol.
As part of its new goals, SushiSwap announced andhe launch of a decentralized incubator called Sushi Studios, which will support the launch of new projects that help strengthen the growth of its ecosystem.
This first quarter, SushiSwap will also launch an NFT marketplace platform called Shoyu, which SushiSwap CEO Jared Gray explained will help the DEX increase its brand reach without hindering its core focus as a decentralized exchange platform and automated market maker (AMM). Shoyu will be an NFT marketplace where creators can promote their creativity and provide utility to their followers, Gray explained in a publication.
On the other hand, the SushiSwap CEO also talked about the arrival of a new DEX aggregator this year, which will help the decentralized protocol to significantly increase its trading and trading volume.
According to data from the Dune Analytics platform, SushiSwap is moving about $18,95 million dollars a day in trading volume. This amount represents approximately 1,6% of all daily volume traded by DEXs, at the time of writing.
Source: Dune Analytics
The better prices and fees that DeFi users and traders can access through a DEX aggregator will help SushiSwap create deeper liquidity, while also allowing liquidity providers to benefit from higher transaction volumes, Gray explained.
Other objectives that SushiSwap has set to revitalize and optimize its protocol and regain its leadership position in DeFi are to develop a more decentralized approach that promotes the autonomy of its products, as well as a more optimized token economy (tokenomics). and new routes for liquidity providers (LPs).
“We will provide deep liquidity, optimal pricing, sustainable tokenomics and an easy-to-use platform”, Gray indicated.
This year, SushiSwap will also be promoting the development and expansion of its Sushi Academy, focused on educating users about all concepts related to the protocol and the DeFi ecosystem in general.
Earlier this year, SushiSwap had announced the closure of two of its products, Kashi and Miso, citing a lack of resources for their maintenance and development. However, now SushiSwap has set all these new goals in order to focus on sustainability and driving the entry of the next generation of users into the DeFi and cryptocurrency ecosystem.
According to Grey's estimates, the implementation of its new roadmap will allow SushiSwap to multiply its current market share by 10 times in 2023.
Continue reading: Avalanche Rush attracts SushiSwap, one of the most important protocols in DeFi
