SushiSwap exchange adds support for the Aptos blockchain

The platform launched a bridge to migrate assets from EVM-enabled networks

21.11.2023 - 10:35

489

3 min

What’s new? The decentralized exchange (DEX) SushiSwap has integrated with Aptos, a scalable Layer 1 (L1) blockchain. The exchange will first launch its version 2 automated market maker (AMM) on Aptos, later adding cross-chain swaps across more than 30 networks including Ethereum, Arbitrum, Polygon, Optimism, BNB Chain, and Base. To celebrate the integration, the parties have also launched a collection of non-fungible tokens Aptos x Sushi Bomb Diggity NFT.

Press release

What else is known? For SushiSwap, Aptos became the first blockchain without Ethereum Virtual Machine (EVM) support. Exchange users can transfer assets from Ethereum-enabled networks to Aptos using a bridge based on the interoperable LayerZero protocol, and provide liquidity to existing pools or create new ones. The exchange’s wallet can be used to convert more than 20 tokens on the Aptos network.

Is it worth investing in Aptos? What you need to know about the project

Experts evaluated the development prospects of the new ecosystem and the investment attractiveness of its token

To receive NFTs from the limited edition Aptos x Sushi Bomb Diggity, users need to complete a series of tasks such as subscribing, liking, and retweeting partners’ social media posts announcing the integration, as well as exchanging any tokens worth $10 or more on the Aptos network via SushiSwap and funding any Aptos liquidity pool with a similar amount.

A day earlier, the Aptos team announced a partnership with Alibaba Cloud to accelerate the adoption of Web 3.0 technologies in the Asia-Pacific region. Against this backdrop, the native token, APT, added 6% and approached the $8,5 mark, but corrected to $7,36 by November 21, 10:10 UTC.

In October, the Aptos team held a hackathon in Singapore, the winners of which were the IntoTheVerse game, the AptosPay payment solution, and the dAptoRator analytics platform. That same month, the network experienced a failure, which the developers attributed to “non-deterministic code.” However, no transactions were lost and no fork occurred.

In September, the Petra crypto wallet from Aptos’ developers added the Coinbase Pay service to its apps.

Author: