Sushi Swap Rebrands to Sushi Labs, Expands Governance and Market Reach
SushiSwap, which is the most popular decentralized exchange (DEX) on Binance Smart Chain, has been rebranded Sushi Labs.
From now on, it will as well as launching a new derivative exchange specially designed for US traders.
.@Sushiswap has unveiled Sushi Labs, aiming to spur a fresh surge of expansion and creativity within the protocol. It also intends to introduce a novel derivative exchange named @susa_ex through a partnership with @LayerN_Official. pic.twitter.com/HJm4DfDF69
— CryptoTvplus (@Cryptotvplus) June 12, 2024
The rebranding is targeted at the platform with on-chain perpetual DEX capabilities that are in line with the practice of blockchain setting a standard.
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The company promised users that it will continue to be a decentralized system and remain its core functions while the governance will be upgraded with a council that will assist in the making of quick decisions.
Sushi Swap now handles around $3.7M in total volumes while retaining its relatively high-profile position on social media.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
