As per DeFiLlama, SushiSwap v3 was created as a hard fork of Uniswap V3. Since the SEC subpoena, the DEX’s trading volume plunged 37%. The CEO of SushiSwap [SUSHI], Jared Grey, divulged details about a major upgrade related to the decentralized exchange (DEX) on 7 April. Realistic or not, here’s SUSHI’s market cap in UNI’s terms […]
CEO Grey, while ‘leaking more information,’ stated that the project’s objective was to expand to nearly 30 blockchains and emerge as the market leader in providing concentrated liquidity solution.by the United States Securities and Exchange Commission on 21 March.
It was quite evident that the network has struggled since then, as per Token Terminal’s data. Since 21 March, the trading volume on the DEX plunged 37%. A big factor behind this could be the depleting user base which shrunk 17%. These were signs that investors were wary of regulatory actions on the protocol.However, the total value locked into the platform’s liquidity pools wasn’t significantly impacted as the weekly average value remained steady over the last two weeks.
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