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Avi Felman, a seasoned analyst and trader who leads GoldenTree Asset Management’s digital asset trading division, explains why he is quite optimistic about the macro prospects of SushiSwap (SUSHI).
Felman posted a conversation on Twitter concerning the possibilities of the “blue chips” in the DeFi market, in particular SushiSwap (SUSHI), in 2023. He acknowledged that in Q3–Q4 2022, cryptocurrency prices, mood, and use all fell to levels not seen since the 2018 crypto winter.
In the meanwhile, a number of centralized service failures demonstrated the need for entirely on-chain protocols. One of the most overhyped “yield farming” platforms of the 2020 DeFi Summer, SushiSwap (SUSHI), is a prime example of the benefits and drawbacks of “ultimate” on-chain governance. It appears anti-fragile to the researcher because of this.
In addition, SushiSwap (SUSHI) has updated several of its modules in preparation for the approaching bullish rise. For instance, it introduced Sushi Academy, a Web3 knowledge code base open to everybody. It informs crypto newbies about SushiSwap’s services as well as fundamental Web3 issues.
Then, with an improved user interface and expanded trade toolbox, SushiSwap (SUSHI) meets 2023. Both traders and passive liquidity providers can take advantage of new chances.
SushiSwap (SUSHI) also introduces native NFT trading features, making it one of the first “old” DeFis to do so.
Last but not least, the platform is about to undergo significant tokenomical changes with the addition of the new “Head Chef,” Jared Grey. loyal fans will profit from the enhanced SUSHI design.
As a result, the platform strives to establish itself as the decentralized trading platform of choice for users with varying degrees of trade, cryptocurrency, and blockchain expertise.
The overarching theme here is that Sushi is working to become the one stop shop for all new entrants to crypto, and will be poised to capture activity when the new generation of DeFi users come in (…) There has been talk, and now it is time for action.
SushiSwap’s primary governance asset, SUSHI, has increased by over 50% over the past 30 days and has nearly reached values not seen since the FTX/Alameda crash.
