As of 3 November, the SUSHI token was seen generating a lot of interest from Ethereum whales. Reportedly, this interest was generated from SushiSwap’s recent deployment on the Boba network Here’s AMBCrypto’s Price Prediction for Sushi for 2022-2023 Whaling around WhaleStats, an organization dedicated to tracking crypto whales, tweeted on 3 November that SUSHI was […]
on 3 November that SUSHI was one of the most used smart contracts among the top 5000 Ethereum whales in the last 24hrs.
This development occurred in lieu of SushiSwap’s deployment on the Boba Network. Boba Network is an L2 scaling solution for the BNBchain and it enables faster and cheaper transactions for users on various protocols. However, despite the increasing number of collaborations and growing interest from whales, the overall TVL of SushiSwap declined over the past month. At the time of press, the total value locked on SushiSwap wasDespite its declining TVL, SushiSwap managed to show growth in terms of fees and revenue generated.
From the image below, it can be observed that the total fees generated by SushiSwap grew over the past 30 days. At the time of writing, SushiSwap had generated $178 thousand in fees over the past 24 hours. And, the total revenue generated was $29 thousand.Another positive signal for SUSHI was its growing number of holders showing support for the token. As made evident by the image below, the number of addresses holding SUSHI continued to grow over time.
By looking at the image below, it can be observed that the number of daily active addresses on the SUSHI network had declined over the past month.These factors coupled with a declining MVRV ratio, paint a negative picture of SUSHI’s future.However, despite these bearish indicators, the price of SUSHI continued to grow. At the time of writing, it was trading at $1.69 and its price had appreciated by 10.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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SUSHI lovers should take a look at the November menu before making a final callOn 4 November, it was announced that the first ever stableswap on SushiSwap was being deployed through Polygon. With significant volatility surrounding SUSHI, this new update may cement SushiSwap‘s position in the long run. We are pleased to announce that the first ever StableSwap on SushiSwap is deployed on 0xPolygon and features a USD+/USDC Gauge Pool. […]
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