Sushi recognized as one of the largest and most reliable decentralized exchanges in the crypto world, is officially entering a new era by expanding to the Aptos Blockchain. This move marks Sushi’s first integration with a blockchain that is not compatible with the Ethereum Virtual Machine (EVM).
Sushi is currently operational on major EVM-compatible chains, including Ethereum, Fantom, Polygon, Arbitrum, and BNB Chain, among others.
Aptos is a Layer-1 blockchain platform created by former Meta employees and financed by Andreessen Horowitz (a16z). This new partnership plays a critical role in advancing Sushi’s goals for cross-chain and multi-chain integration.
Aptos and Sushi: A Strategic Partnership for the Future of DeFi
Sushi holds a significant total value locked (TVL) of around $267 million on Ethereum. On the other hand, Aptos currently has a TVL of approximately $45 million.
The migration of Sushi to Aptos could pave the way for new capital inflows and potentially position Aptos as a serious competitor to non-EVM platforms like Solana, Mixin, and Osmosis. Sushi’s expansion aims to go beyond its existing integrations with EVM-compatible chains to offer greater diversity and flexibility in the DeFi ecosystem.