Decentralized exchange (DEX) SushiSwap is now live on Binance Smart Chain (BSC), Fantom, Polygon, xDai Chain and Moonbeam Network, according to the projectâs CTO Joseph Delong, in one of the knockoff projectâs most notable divergences from Uniswap to date.
SushiSwap, which has some $3.3 billion in liquidity and $300 million in 24 hour volume, was formerly only hosted on the Ethereum blockchain, which is currently suffering under increasingly high transaction fees. Many Ethereum-based projects have been scrambling for scaling solutions, such as Rollups or moving to another blockchain that supports ERC-20 styled digital assets.
The exchange first garnered attention after copying Uniswapâs open source code, adding a token and then diverting liquidity away from Uniswap towards itself with the novel âvampire miningâ program. Since then, the project has professionalized, particularly with the addition of Delong.
Delong said SushiSwap is eyeing an integration with Optimismâs Layer 2 solution, Optimistic Rollups. Optimism â closed a $25 million Series B with Andreessen Horowitz in February â is expected to go live on mainnet later this month.
Not all those blockhains are ready for handling ERC-20 assets, Delong said. BSC and Fantom have âgood support,â but the others âwill need some work for the end user experience.â