Cryptocurrency Q&A
What layer is SushiSwap?
What layer is SushiSwap?
ZenHarmony
Tue Sep 10 2024
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7 answers
1459
Could you please clarify what layer you're referring to when you ask about SushiSwap? Are you asking about the technology stack, or are you inquiring about its position within the decentralized finance (DeFi) ecosystem?
If you're wondering about the technology layer, SushiSwap is primarily built on the Ethereum blockchain, utilizing smart contracts to facilitate decentralized trading and liquidity provision. It operates on Layer 2, specifically through the use of automated market makers (AMMs) that allow for low-cost and efficient swaps of digital assets.
On the other hand, if you're asking about SushiSwap's position within the broader DeFi landscape, it's considered one of the leading decentralized exchanges (DEXs) and is highly integrated with various DeFi protocols and platforms. SushiSwap provides a crucial layer of liquidity and trading opportunities for users looking to interact with the DeFi ecosystem.
7 answers
Michele
Thu Sep 12 2024
Layer-2 solutions like Layer N aim to enhance the scalability, speed, and efficiency of transactions on blockchain networks without compromising on decentralization or security.
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CryptoElite
Thu Sep 12 2024
SushiSwap, a prominent player in the decentralized finance (DeFi) space, announced on February 13, 2024, its intention to unveil Susa, a groundbreaking decentralized derivatives exchange.
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Carolina
Thu Sep 12 2024
This strategic move underscores SushiSwap's commitment to expanding its ecosystem and catering to the evolving needs of its user base.
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Dario
Thu Sep 12 2024
Susa will be constructed atop Layer N, a sophisticated Layer-2 network tailored specifically as a network of custom rollup nodes.
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GwanghwamunGuardianAngelWings
Wed Sep 11 2024
By leveraging Layer N's architecture, Susa aims to offer a seamless and intuitive platform for trading derivatives, thereby democratizing access to complex financial instruments.
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