Home » Raydium DEX integrates with SushiSwap

Raydium DEX integrates with SushiSwap

by Hans Lipper
394ce675 B8c1 4d5c 8d30 0255d8b99d9f

Decentralized finance space is expanding at a fast pace, and it is interesting to note that newer innovations are happening each day.

SushiSwap may soon be integrated on Solana Blockchain with  Raydium DEX.

SushiSwap Forum Proposal Details Bonsai Project for Bringing SushiSwap on Solana

Solana powered decentralized exchange Raydium will likely integrate SushiSwap in its platform very soon. As per the news doing rounds the crypto circles, Raydium would be used as a bridge to onboard SushiSwap on the Solana network. For the unversed, Raydium is a platform that allows order books and is a near AMM built on the Solana Blockchain. As per the Bonsai Proposal shared in SushiSwap forums, the plan is to bring SushiSwap on Serum and Solana. The author has detailed that Raydium was developed to solve the problems like fragmented utility, extensive gas prices and absence of lack orders. The post also highlighted that Raydium could be used as a bridge to bring SushiSwap to the Solana network and increase the utility with Serum’s order book feature to support liquidity pools available in SushiSwap.

As the transaction fees on the Ethereum blockchain gets, higher major exchanges are considering various measures to mitigate the costs. Solana Blockchain provides a fair alternative to Ethereum, and Raydium AMM, which recently launched on Solana blockchain, may play a pivotal role in bringing SushiSwap on Solana. The proposal shared on the SushiSwap forum details that Raydium already provides support for the SushiSwap liquidity pool.

The poster Handrolls added, “We have been working on Raydium’ s AMM and liquidity pool protocols since the fall of 2020 and have just launched on our platform.  Raydium’s protocol is already able to support SushiSwap liquidity pools for the Serum order book.”

In the proposal, Handrolls suggests that SushiSwap users could swap tokens and quickly manage their yield farms. There would also be a substantial reduction in the gas prices once SushiSwap is integrated on Solana. As per the SushiSwap team, the Bonsai project can be live on testnet soon within the first quarter of 2021.

The proposal further noted that with the support of Raydium, the SushiSwap community would be able to reach out to the expanding Serum and Solana community. The integration would also strengthen SushiSwap image as an innovator and leading force in the DeFi sector.


The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.

Popular News

Leave a Comment

Ads Blocker Image Powered by Code Help Pro

Please support us to continue to provide free news for everyone

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Powered By
Best Wordpress Adblock Detecting Plugin | CHP Adblock