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SushiSwap added support for Aptos

SushiSwap, the popular decentralized exchange (DEX), has expanded its horizons by adding support for the Aptos (APT) layer-one blockchain. This marks a significant move for SushiSwap, as Aptos is the first non-Ethereum Virtual Machine (EVM) network that the DEX has chosen to support.

One of the standout features of Aptos is its use of the Move programming language. SushiSwap plans to leverage this by launching an automated market maker (AMM) on the network. Additionally, the DEX intends to establish the SushiXswap cross-chain swap service on Aptos.

The Move programming language, known for its use in the Diem (formerly Libra) blockchain project, offers unique capabilities and flexibility that could bring innovation to the SushiSwap ecosystem.

It's worth noting that Aptos has seen a decrease in developer activity, with a 35% drop in the number of developers involved in the project over the past year. Presently, 67 individuals are contributing to Aptos.

In terms of market performance, Aptos (APT) has experienced fluctuations in recent days. Its market capitalization decreased by nearly $100 million within a week, currently standing at $1.15 billion. The total value locked (TVL) in the Aptos protocol is $45.7 million, with a 24-hour trading volume of $434,000.

Despite the integration of SushiSwap with Aptos, there hasn't been a significant impact on the token prices of both projects. As of the latest available data, SUSHI, the native token of SushiSwap, is trading at $0.565, while APT is valued at $5.

This expansion to Aptos represents a strategic move by SushiSwap to explore new blockchain ecosystems beyond the Ethereum network. As SushiSwap continues to evolve and expand its reach, the DeFi community will be closely watching to see how this move plays out and whether it brings additional liquidity and opportunities to the platform.