SushiSwap Releases Major Upgrade With Version 3 Contracts
Author: Gabrielle CookThe move by SushiSwap demonstrates the power of decentralized exchanges, as they are able to quickly integrate new technologies, as well as support a wide range of networks. SushiSwap’s Version 3 (V3) contracts come as a response to the industry’s need for the most efficient Automated Market Maker models. Additionally, this update marks only SushiSwap’s first step in its larger plan to expand its multi-network infrastructure.
Further details of the deployment of concentrated liquidity and version 3 contracts can be found in the tweets from the SushiSwap "head chef" providing insight into exactly how it intends to use this technology. By making concentrated liquidity available to an extensive range of ecosystems, SushiSwap hopes to provide its users with immediate access to concentrated liquidity on numerous networks through V3.
SushiSwap's technology launch follows Uniswap V3's launch in late April, making SushiSwap the second biggest platform to offer such concentrated liquidity. With the potential to revolutionize decentralized exchanges and their ability to quickly integrate new technologies, SushiSwap and its ambitious plans are certainly worth keeping an eye on.