DeFi

Layer N

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/sushi-coin-experiences-significant-price-increase-with-defi-platforms-strategic-move" rel="noopener noreferrer nofollow">Sushi Coin Experiences Significant Price Increase with DeFi Platform’s Strategic Move</a><br></p>
<p style="text-align: justify">The DeFi sector is witnessing a notable surge in the value of Sushi Coin, coinciding with <a href="https://en.bitcoinhaber.net/bitcoins-hash-rate-soars-amid-mining-challenges-and-network-congestion" rel="noopener noreferrer nofollow">Bitcoin</a>‘s rebound from its January 12 downturn. This upswing is attributed to the DeFi platform’s latest undertaking, which promises to enhance its service offerings and user base. Expounded here are the underlying factors contributing to the recent price volatility and the platform’s announcement.</p>
<h2 id="defi-platform-launches-new-exchange-initiative">DeFi Platform Launches New Exchange Initiative</h2>
<p style="text-align: justify">The introduction of a novel product has catalyzed a swift escalation in Sushi Coin’s value, jumping from $1.13 to $1.183. The product in question is a decentralized derivatives exchange, set to operate on the Layer N network, distinguished for its impressive transaction speed and rollup optimization. SUSA, the exchange born from the Sushi and Layer N collaboration, aspires to rival centralized exchanges in performance through Layer N’s Nord Engine, capable of processing over 100,000 transactions per second and achieving latencies below one millisecond.</p>
<h2 id="industry-leaders-comment-on-the-collaboration">Industry Leaders Comment on the Collaboration</h2>
<p style="text-align: justify">Jared Grey of Sushi expresses enthusiasm for the partnership with Layer N, highlighting the synergy of their joint expertise to create premier products that embody the essence of DeFi. Layer N’s rollup model is praised for its capital efficiency, liquidity, and Ethereum’s security. Dima Romanov, CEO and Co-founder of Layer N, echoes this sentiment, recognizing Sushi’s pivotal role in DeFi’s foundation and voicing his eagerness to usher in Susa as one of the initial rollup nodes on the Layer N network. The ambition is for Susa to emerge as a leading perpetual exchange and ecosystem in the decentralized arena.</p>
<p style="text-align: justify">With the DeFi token supported on multiple networks, including Ethereum, Arbitrum, Optimism, Polygon, and Base, Sushi Coin’s price has experienced a sharp increase following the recent announcement. This strategic timing aligns with Bitcoin’s robust price climb. For the prominent DeFi cryptocurrency, a short-term close above the crucial threshold of $1.26 could signal a revisit to the $1.5 peak. On a long-term trajectory, the coin could potentially reach milestones of $1.92 and $3.37.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/sushi-coin-experiences-significant-price-increase-with-defi-platforms-strategic-move" rel="noopener noreferrer nofollow">Sushi Coin Experiences Significant Price Increase with DeFi Platform’s Strategic Move</a></h5>

Sushi Coin Experiences Significant Price Increase with DeFi Platform’s Strategic Move

Table of Contents

BH NEWS

Other articles published on Feb 9, 2024

Polygon (MATIC) And BONK Are Trading In The Red As Investors Acquire More $RBLZ Tokens On The Reb...

Crypto Scam: Hackers Drain $55 Mln Targeting Dymension (DYM), OpenSea, & Others

Heroes Of Mavia Price Prediction: MAVIA Surges 20% As This Meme GameFi Presale Hurtles Past $8.4 ...

Litecoin (LTC) and Cardano (ADA)’s Aspirations Dashed This Week as DeeStream (DST) Continues Driv...

Is Cardano Price Heading to $0.7? Investors Holding Pattern Hints For Prolong Rally

Bitcoin ETFs Gain Momentum as JPMorgan Weighs In

Join our free newsletter for daily crypto updates!