SushiSwap Continues To Push Forward Aptos

It's clear that the defi space has been in trouble for some time now. From major over inflation of native tokens that never corrected into the bear market has seen native token prices plummet to all time lows. For those DeFi platforms stagnating and doing nothing their entire systems are drying up and inflating to levels that will most likely not be able to be replaced even if a bull market were to kick in this year.

| We have seen very few Defi platforms really act on this. Ones like Pancake swap have some some moves to try to recapture prices by reducing emissions and constantly building but still that native token price has fallen.

Thus showing us there has to be more to DeFi for it's success during these bear market times. SushiSwap might be on to something big with it's rollout of Aptos.

What Is Aptos

Aptos is a layer one blockchain currently ranked at #38 of all cryptos based on market cap. It's current value is $4.94 and the rest of the stats screenshot pulled from CoinGecko Aptos

What makes this partnership between SushiSwap and Aptos so unique is that it's the first time that a DEX such as SushiSwap is to integrate into a layer 1 blockchain that is not Ethereum.

You can find out more about Aptos on their website at AptosFoundation.org

The new blockchain prides itself on the standards of fast transactions, low fees and innovation you know the same old basic that every blockchain tries to run off of. But what matters is what's built on that Blockchain and so far Aptos seems to be doing a great job in terms of development and funding rounds which could spark some major additions to that blockchain.

Aptos does in fact use their own smart contract system in which the programming language called move. It hasn't been battle tested yet that's for sure however with the introduction of Sushiswap adding it into the mix we will see that it's able to have liquidity and pools that should help spark new projects and applications to launch on the blockchain allowing for it to be fully tested in a real world environment.

EVM

EVM stands for Ethereum Virtual Machine and is what's used when doing blockchain transactions across the Ethereum network. Pretty much everything runs on it, developers, DApps, Defi, NFTs and the whole mix. It's a way to create smart contracts which is the fundamental block for DeFi currently.

It's going to take some time to tell if this is just another flop or perhaps the next big thing. Chances normally are a flop simply because 90% of new companies simply don't make it no matter how good they are. Either failed marketing, development, money management or any number of things. Couple that with launching during the bear market and you normally don't stand a great chance at coming out on top. However so far Aptos does seem to have its ducks in a row and it's building confidence in the community.

Posted Using LeoFinance Alpha