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SushiSwap Confirms Move to Binance Smart Chain and Others Following Ethereum’s Fees

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The decentralized exchange (DEX) SushiSwap is now running on the Binance Smart Chain (BSC) and several other blockchain platforms to avoid the rising fees of Ethereum.

SushiSwap joins Fantom, Polygon, xDai Chain and Moonbeam Network also

Joseph Delong, CTO of Sushi, said the exchange has signed contracts for Fantom, Polygon, xDai Chain and Moonbeam Network in addition to Binance Smart Chain.

Delong claimed that Fantom and Binance supported the existing token list well, telling the user that the experience was “relatively complete”. He said other platforms need to do some work on the end-user experience.

SushiSwap has more than $3.3 billion in liquidity that was previously only hosted on the Ethereum blockchain. However, rising natural gas charges have resulted in high transaction costs for users, forcing projects like sushi to move elsewhere.

SushiSwap was originally a copy of Uniswap’s open source code and has gradually started to position itself as a major competitor in the decentralized exchange space. The latest report from cryptanalysis firm Delphi Digital found that, despite the backward price of SUSHI tokens, Sushi has made quiet progress in terms of user activity and liquidity at Uniswap.

Alpha Finance: Anthother DeFi project that also move to BSC

In a post titled “Alpha Homora Embraces Multi-Chain Future,” Alpha Finance is hoping to establish a place at the “forefront” of a “multi-chain ecosystem” and that Alpha Finance is intended to be a blockchain agnostic protocol. The project currently runs on Ethereum, which has suffered from well-documented gas issues for at least a year. 

PancakeSwap’s transaction volume in the past 24 hours has surpassed that of most of Ethereum’s leading protocols. CoinGecko’s daily trading volume is $754,162,246, ranking second after MDEX and Uniswap, according to CoinGecko and Binance-owned CoinMarketCap.

Alpha Finance will roll out to the Binance smart chain “in the coming weeks,” and the team said it will continue to explore opportunities for other chains and second-tier solutions. At the end of the article, the token economy of the ALPHA token was mentioned, which is expected to be announced immediately. The article concludes, “ALPHA token holders will play a pivotal role and benefit from this high growth,”

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