Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Avalanche AVAX Forum => Topic started by: Phu Juck on March 20, 2021, 06:30:22 PM
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After many Defi projects have already tested Avalanche, now a big DEX is moving to Avalanche, it will be Sushi Swap: https://medium.com/avalancheavax/sushiswap-launches-on-avalanche-bringing-another-leading-dex-to-avalanches-growing-defi-ecosystem-8b84e966251f
Sushi Swap is after Uni Swap a really big DEX for coin swaps where we can use Meta Mask and exchange coins.
I'm not surprised of moves to more innovative platforms because at Uni Swap, a single swap has already very high costs because it's based on Ethereum. Now Sushi Swap will be based on Avalanche where a Swap will have less costs.
But Launch is not confirmed, Sushi Swap will announce a date when it is ready to move to Avalanche.
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It is not possible to move completely but it is possible to create a Bridge so that Sushi is still on the Ethereum blockchain and Sushi also has an ecosystem that is on the AVAX blockchain.
As far as I know the Ethereum network is very strong with a working system that is so simple, fast and secure so that for a platform that is already on the Ethereum blockchain, it certainly will not move to another Blockchain.
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Sushi Swap will feel very strong if it continues to expand its business in cryptocurrency, including the invasion of various blockchains that are open to the public such as Avalanche because Sushi definitely has a network also on Binance Smart Chain and Ethereum.
This kind of business expansion must be done by Sushi so that it can continue to be in the cryptocurrency market, of course this will also give a glimmer of hope to be able to Pump in the future.
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Moments to move or bridge like this are really very good for business development from Sushi Swap because if you look at the Avalanche marketcap, it has a good value which is included in the top 20 Coinamrketcap.
This moment should not be forgotten by Sushi Swap because I am sure that Sushi Swap will get tremendous benefits in the future because it has collaborated with Avalanche.
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I've been researching MetaverseME and believe that they must first take the proper steps. There are numerous metaverse initiatives, but only a few are of sufficient quality. If MetaverseME is to be successful, it must first concentrate on the background of projects such as technical improvement and public relations.
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Besides Polkadot, Cosmos, Harmony, Avalanche is one of the best crosschain projects on the market at the moment. I will also plan to watch AVAX in 2023 to get ready to buy for the 2024 bullrun.
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Avalench is of the best platform on cross chain technology and a big potential investment opportunity. I am already bullish on Avax token waiting for the Bitcoin bottom to add some Avax in my portfolio. i think Avalench network will definitely attract many Defi projects in few years and this add more value to Avax token. When the market rebound, Avax token will hit another all time high greater than it's last records