SushiSwap, a decentralized exchange that operates on the Ethereum network, has shared plans to expand its operations to the Aptos Network. In this expansion, they intend to incorporate their Sushi v2 Automated Market Maker (AMM) and SushiXswap into Aptos.
This marks the first time SushiSwap has integrated with a blockchain network that is not based on Ethereum. This move is seen as crucial in helping SushiSwap achieve its objectives of becoming more prominent in the world of cross-chain and multi-chain operations.
Aptos has shared its intentions to make improvements that enhance the user experience (UX) and promote better collaboration between users and developers on both platforms.
Initially, SushiSwap is introducing its v2 Automated Market Maker (AMM) by utilizing Aptos’ Move programming language.
Beyond just improving the trading experience between different blockchains, SushiSwap’s expansion to Aptos aims to create a significant pool of assets that can be easily accessed across major blockchain networks.
Aptos, which is a layer-1 blockchain supported by the venture firm Andreessen Horowitz (a16z), has commented on this deployment.
“At Aptos, we wholeheartedly believe in the potential of Web3 to bring real opportunities to real people, whether that means broader access to services or greater ownership over creative output.”
This recent development follows a few months after SushiSwap encountered a security issue in its approval contract, resulting in a loss of over $3 million worth of Ether assets. SushiSwap subsequently announced its intention to compensate the affected users for their losses.
Despite SushiSwap’s expansion plans, its native token, SUSHI, and Aptos’ native token, APT, has not shown any positive impact.