Cryptocurrency Q&A
Which network does SushiSwap use?
Which network does SushiSwap use?
Raffaele
Tue Sep 10 2024
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5 answers
673
I'm curious, could you elaborate on the network that SushiSwap utilizes? As a decentralized exchange, it's important to understand the underlying technology and infrastructure that supports its operations. Does SushiSwap operate on a specific blockchain or does it utilize multiple networks? And if so, what are the benefits and drawbacks of this approach? I'm eager to learn more about the technical aspects of this popular decentralized finance platform.
5 answers
Pietro
Thu Sep 12 2024
SushiSwap's origins trace back to August 2020, when it was launched as a fork of Uniswap. As a pioneer in automated market maker (AMM) technology, Uniswap paved the way for SushiSwap to innovate and build upon its success. By leveraging Uniswap's codebase, SushiSwap has been able to quickly establish itself as a leading DEX.
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EnchantedMoon
Thu Sep 12 2024
SushiSwap, a multi-chain decentralized exchange (DEX), has gained prominence in the cryptocurrency landscape. Operating across various blockchain networks, it offers traders and investors a versatile platform for executing transactions.
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Andrea
Thu Sep 12 2024
Among the supported blockchains, Ethereum (ETH) stands as a cornerstone, providing a robust foundation for SushiSwap's operations. Its integration with Polygon (MATIC) further enhances scalability and efficiency, catering to the demands of a growing user base.
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Pietro
Thu Sep 12 2024
The BNB Chain (BNB), another significant blockchain network, adds depth to SushiSwap's ecosystem. This integration allows users to leverage the benefits of Binance's ecosystem, including low transaction fees and high throughput.
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Giovanni
Thu Sep 12 2024
Avalanche (AVAX) is another blockchain that SushiSwap has embraced, showcasing its commitment to diversity and inclusivity. By supporting multiple networks, SushiSwap ensures that users can access liquidity pools and trading pairs tailored to their preferences.
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