SushiSwap’s decentralized exchange (DEX) aggregator has emerged as a major player in the DeFi ecosystem, now spanning over 40 blockchain networks.
Since @DefiLlama began tracking its performance in July, SushiSwap’s monthly trading volume has skyrocketed, growing from $100 million to over $400 million. In just five months, the platform has facilitated over $1 billion in total trading volume.
🍣 We often say that Sushi lets you "SWAP ANYTHING"- but what's behind this magic? It’s our DEX aggregator, the most widely distributed in the industry, covering over 40 networks. 🌐
🚀 Since @DefiLlama began tracking us in July, our monthly volume has grown from $100M to over… pic.twitter.com/KqKIggPQW3
— Sushi.com (@SushiSwap) December 2, 2024
November proved to be a landmark month, with SushiSwap achieving an all-time high of $407 million in trading volume. This represents an impressive 70% increase compared to October, highlighting the aggregator’s growing influence in the DeFi space.
Trader Makes Strategic Gains From Trading $SUSHI
Amid this surge, a trader recently secured a remarkable profit from SushiSwap’s native token, $SUSHI. About 10 minutes ago, an address transferred 1.5 million $SUSHI (valued at $2.01 million) to Binance for sale. The trader initially withdrew 1.568 million $SUSHI from Binance on August 9 at a price of $0.58 per token. After holding the tokens for four months, $SUSHI’s price surged to $1.36, prompting the trader to sell and lock in a 134% gain. This successful trade is expected to generate a profit of $1.17 million.
一地址在 10 分钟前将 150 万枚 $SUSHI ($2.01M) 转进币安，他在 SUSHI 上获得了 134% 的收益。
他是在 8/9 以 $0.58 的价格从币安提出 156.8 万枚 SHSHI，在持有 4 个月后的现在，SHSHI 价格上涨到 $1.36，他选择卖出止盈。预计将实现 $117 万的收益 (+134%)。https://t.co/fccjIAHjOc
本文由… pic.twitter.com/lHF4USuFxX
— 余烬 (@EmberCN) December 2, 2024
SushiSwap’s rapid growth and consistent adoption across multiple networks have solidified its position as a leading DEX aggregator. With rising monthly volumes and notable profitability for its users, the platform is cementing itself as a key player in the evolving DeFi landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.