SushiSwap has announced the acquisition of Shipyard Software to enhance decentralized exchange performance. This strategic move seeks to address key DEX challenges including impermanent loss and liquidity provisioning, as well as boost multichain trading efficiency.
After experiencing a significant decline in total value locked, dropping from above 8 billion USD in 2021 to approximately 230 million USD now, SushiSwap faces rising competition from other decentralized exchanges, particularly on platforms like Solana and Hyperliquid.
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