In the year 2020, there were many cryptocurrency exchanges that came into being and ended before anyone came to know about them. There were some cryptocurrency exchanges that managed to survive and made their own place among the rest of the exchanges.
However, there is one exchange in particular that not only made its place but also did something that none of the other exchanges could do. In the year 2020, there were a couple of times when “Sushiswap” managed to become the largest decentralized exchange (DEX). It managed to acquire the first spot for being the top exchange as per liquidity.
On one hand, the exchange gained worldwide recognition for being a DeFi platform, and on the other, it became one of the most notorious exchanges of the same year. The same year 2020 it was founded by Chef Nomi, the exchange launched its own native token ‘SUSHI’. Right from the start, the token observed a high adoption rate and the investor rallied up to acquire the tokens.
However, the situation became full of tension when the founder of the company ‘Chef Nomi’ himself sold around $26 million of SUSHI tokens. This resulted in the exchange of losing a lot of trust and reliability from the investors’ group. However, the founder of the exchange later returned the funds and things have gotten back to normal for the exchange since then.
Now that the New Year has begun, every cryptocurrency exchange has laid out its roadmap for the running year. Therefore, Sushiswap has also done the same and has shared its wild, and ambitious roadmap with the entire crypto-community for 2021.
In the roadmap for 2021, the exchange has revealed that it will be intensifying its research and development. The focus of the research would be based on the functionalities of the decentralized financing space. It will also be working on a project to develop a cross-chain DEX. The cross-chain DEX will be enabled by Moonbeam and Rune.
In addition to the above, the exchange will also be launching a fully decentralized governance structure and an implementation on the Polkadot. The exchange has confirmed that all of these projects will be worked on and executed by the end of 2021.
Along with the 2021 roadmap, the exchange also provided more information and updates on the projects that it had already started working on back in 2020.
The exchange provided new information around the V2 launch known as Mirin. Furthermore, the firm also announced the target date for the launch of the lending project known as “BentoBox”. The firm has announced that the BentoBox project will be fully launched and operational in the middle of January 2021
In addition to the above, the exchange advised that it may reconsider rebranding its name and move to a new domain in near future.