One of the oldest and most well-established decentralized exchanges (DEX), Sushi, has extended its offerings to layer-1 blockchain Aptos.Sushi is now available on a blockchain that is incompatible with the Ethereum Virtual Machine (EVM) for the first time thanks to the transition to Aptos.According to DefiLlama, it had previously been available on Ethereum, Arbitrum, Base, Polygon, Fantom, BNB Chain, and other platforms.
Sushi’s platform has $350 million in total value locked (TVL), $267 million of which is on Ethereum.According to DefiLlama, Aptos only has $45 million in locked value as of the time of publication.The relocation of Sushi to Aptos may open new doors for capital investment, enabling it to compete with non-EVM franchises like Solana, Mixin, and Osmosis.
“This expansion to Aptos not only unlocks a new level of deep liquidity across major blockchain networks but also significantly elevates the cross-chain trading experience,” Sushi said in a statement.
Former Meta (META) personnel founded Aptos.Despite having a market valuation of over $1 billion and having launched its own APT coin last year, the blockchain was unable to draw in a sizable amount of DeFi TVL.