Deep Dive
1. Blade No-IL AMM Launch (Upcoming)
Overview: Blade is Sushi's upcoming Automated Market Maker (AMM) designed to solve impermanent loss (IL)—the risk liquidity providers face when asset prices diverge. It aims to offer stable yields on blue-chip assets, making Sushi a more attractive destination for capital. The project was highlighted in the Super Swap Roadmap (October 2024) and remains a key 2025 initiative per the 2024 Year in Review. No hard launch date is public, placing it in active development.
What this means: This is bullish for SUSHI because solving a core DeFi pain point could attract significant liquidity, increasing protocol fees and rewards for xSUSHI stakers. The risk is that technical complexity or market adoption could delay its impact.
2. Kubo Perpetuals Primitive Development (Upcoming)
Overview: Kubo is described as a "DeFi perpetuals primitive" that will let liquidity providers generate yield through delta-neutral strategies. It's part of the broader ecosystem build-out alongside native DEXs like Susa. Its development is tied to Sushi Labs' multi-DEX strategy, as noted in the Super Swap Roadmap.
What this means: This is neutral to bullish for SUSHI, as it expands the protocol's product suite into derivatives, a high-volume sector. Success depends on execution and whether it can capture meaningful market share against established perpetuals DEXs.
3. Native DEX & Multi-Chain Expansion (Ongoing)
Overview: Sushi Labs is actively launching franchised, native DEXs on specific chains to drive ecosystem growth. Recent launches include Saru on ApeChain and Wara on Solana. Furthermore, Sushi continues to deploy on new networks, as seen with the Arc deployment on 16 September 2026 and the exclusive launch routing partnership with RevShare on Robinhood Chain (TradingView News, 18 July 2026).
What this means: This is bullish for SUSHI because each new integration and native DEX expands the user base, captures fees from new ecosystems, and can reward loyal SUSHI holders with a portion of rewards. The dependency is on the success of the underlying partner chains.
4. Swap API & Partner Fee Sharing (Ongoing)
Overview: Powered by the Route Processor, Sushi's Swap API allows any application to embed its swap engine. Future updates promise fee-capture mechanisms, enabling partners to earn revenue from swaps executed through their integrations. This initiative aims to scale distribution and volume, as outlined in the Super Swap Roadmap.
What this means: This is bullish for SUSHI because it transforms the protocol into a liquidity backbone for the broader Web3 ecosystem, potentially driving exponential volume growth. The key metric to watch is the growth in API-driven volume and partner adoption.
Conclusion
SushiSwap's roadmap is strategically focused on capturing liquidity through innovative AMMs, expanding its reach via native DEXs and chain integrations, and monetizing its infrastructure through partner APIs. The combined execution of Blade, Kubo, and ongoing expansions could significantly enhance fee generation and utility for the SUSHI token. How quickly will these technical milestones translate into measurable growth in Total Value Locked and protocol revenue?