​SushiSwap CEO announces the launch of the DEX aggregator

What’s new? Jared Grey, CEO of decentralized crypto exchange (DEX) SushiSwap, released a roadmap for 2023. The platform’s plans include the launch of the DEX aggregator, Sushi Studios, a decentralized project incubator, and Shoyu, an NFT marketplace. Grey noted that the company currently has no share of the aggregation market and holds about 2% of the automated market maker (AMM) market, but the team intends to increase its share 10-fold in the coming year.

Jared Grey’s blog

What else did Grey report? The NFT marketplace and aggregator are scheduled to launch in Q1 2023. The aggregator will give users access to decentralized finance (DeFi) protocols. It was being built in “stealth mode” during 2022 and is part of the company’s plans to ensure the business scalability and sustainability, Grey said.

The decentralized incubator Sushi Studios will allow the launch of projects with independent funding that will support the ecosystem’s growth while not creating a burden for the treasury of its decentralized autonomous organization (DAO).

The team is also working on a governance dashboard that will show the budget, wallets of individual projects, and the results of audits of the community treasury expenditures. The tool will also be released in Q1.

Several other products are currently in development, but Grey did not disclose details about their functionality.

“Ultimately, we will provide deep liquidity, optimal pricing, sustainable tokenomics, & an easy-to-use platform, placing you first in everything we build,” Grey stressed.

In December 2022, Grey claimed that the company’s treasury was “facing a significant deficit” which “threatens Sushi’s operational viability, requiring an immediate remedy.” He warned that the project could exhaust its funds within 18 months.

In October, GoldenTree, an international investment firm, bought 3 million SUSHI exchange tokens worth $5,2 million. GoldenTree will help the exchange improve tokenomics and participate in forming SushiSwap’s development strategy. As of January 17, 08:05 UTC, SUSHI is trading at $1,28, having lost 0,78% in 24 hours, according to Binance.