Ecosystem or Project Analysis: Sushiswap

    With the development of DeFi, the number of decentralized platforms and exchanges in this field is increasing. People's acceptance of these systems depends on their facilities and capabilities. "Sushiswap" is one of the most popular DEXs that uses the core of the UniSwap and is considered a fork of this project. In this article, we are going to analyze the performance of Sushiswap.

    🍣What is Sushiswap?

    Sushiswap is introduced as a fork of UniSwap. In fact, this DEX is a modified version of UniSwap, which operates on the different blockchains. This DEX was created in 2020 by a person or two groups with the nicknames of Chef Nomi "Chef Nomi" and "0xMaki". Detailed information about the identity and characteristics of the creator or creators of Sushiswap is not available.

    Unlike older exchanges such as Binance, which make their own market, Sushiswap, based on its community-oriented nature, uses users as liquidity providers. In other word, Sushiswap adopts the automated market-making (AMM) model for its decentralized exchange (DEX) protocol. Simply put, there is no order book on Sushiswap. Instead, the buying and selling of crypto are facilitated by smart contracts and the price is determined by an algorithm.Holders of this token are allowed to comment on legislation and set protocols. Also, a percentage of the transaction fee is considered for these people.

    🍱What is SUSHI?

    SUSHI is the native token of SushiSwap. SUSHI has a maximum supply of 250 million tokens. The supply of SUSHI is dependent on the block rate. As of November 2021, it is created at a rate of 100 tokens per block, and its circulating supply has already reached approximately 50% of the total supply at 127 million tokens.

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