SushiSwap, a leading multi-chain decentralized exchange, has announced its expansion to the Linea network developed by blockchain software company Consensys. Linea is the 28th protocol that Sushi has deployed on, and is an Ethereum Virtual Machine (EVM) compatible network. Linea is designed for decentralized finance applications, non-fungible tokens, gaming, and social apps, and offers low gas fees, low latency, and high throughput.Sushi is the first and largest Ethereum-native decentralized exchange (DEX) to deploy on Linea, and users can now enjoy Sushi’s v3 liquidity provider experience with fellow consumers on 25 other chains. Sushi will also work with automated liquidity management (ALM) firms like Gamma and DeFiEdge to reduce the risks of liquidity provision and apply strategies to increase returns. Smart Pools, a v3 ALM solution by Steer Protocol, will soon become a native feature on its platform.Sushi intends to leverage Linea’s lower gas fees to attract more trading activity on its platform, enhancing liquidity for developers in the ecosystem. Linea users can now swap tokens, provide liquidity to existing pools or create new ones, and bridge their assets from Ethereum to Linea through the network’s bridge.Consensys is pleased to welcome Sushi to the Linea network, as it aligns with their goal of enhancing the ecosystem’s accessibility, efficiency, and security. Sushi’s integration on Linea will contribute to increasing the network’s liquidity and reinforcing its position as a high-performance, user-centric layer in the Ethereum landscape.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 10 |
| People | Declan Fox, Jared Grey |
| Companies | Gamma, Polygon, PrimeXBT, Binance Futures, SushiSwap, Steer Protocol, MetaMask, DeFiEdge, Ethereum Virtual Machine (EVM), Consensys |
| Currencies | Ethereum, Bitcoin, Suiswap, Bridged Dai Stablecoin |
| Securities | None |
