{"id":193773,"date":"2021-03-04T07:58:48","date_gmt":"2021-03-04T04:58:48","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/all-you-can-eat-sushiswap-deploys-contracts-on-five-new-networks\/"},"modified":"2021-03-04T07:58:48","modified_gmt":"2021-03-04T04:58:48","slug":"all-you-can-eat-sushiswap-deploys-contracts-on-five-new-networks","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/all-you-can-eat-sushiswap-deploys-contracts-on-five-new-networks\/","title":{"rendered":"# All you can eat: SushiSwap deploys contracts on five new networks"},"content":{"rendered":"

“# All you can eat: SushiSwap deploys contracts on five new networks <\/strong>”
\n<\/p>\n

Major DeFi protocols are moving to cultivate a multi-chain decentralized finance ecosystem, with SushiSwap deploying its contracts on five networks, and Balancer announcing ports onto Moonbeam and Polkadot.\u00a0<\/p>\n

On March 3, SushiSwap CTO, Joseph Delong, announced<\/a> the DEX had deployed contracts on xDai, Moonbeam Network, Binance Smart Chain, Polygon (previously called Matic), and Fantom. Delong noted Sushi is planning additional future deployments, including on Optimism. A Solana port is also under consideration.<\/p>\n

While the CTO stated users can expect \u201crelatively complete\u201d experiences on Fantom and Binance as both networks currently \u201chave good support for token lists,\u201d the three other networks \u201cwill need some work\u201d before Sushi\u2019s full user experience will be available.<\/p>\n

Delong also noted<\/a> the industry-wide trend of \u201cbridges and multichain deployments\u201d as an interim solution while second-layer scaling solutions for Ethereum are still under development:<\/p>\n

\u201cThese deployments are relatively simple to develop. The industry is currently trending towards bridges and multichain deployments as a middle step before L2 to mitigate high gas costs.\u201d<\/p><\/blockquote>\n

Delong added that no incentive rewards are currently available for multichain pool users.<\/p>\n

According to Dune Analytics,<\/a> SushiSwap is currently the second-largest DEX with a weekly volume of nearly $3 billion, ranking behind Uniswap\u2019s $6.5 billion.<\/p>\n

Sushi is not the only major DEX looking to Moonbeam Network, which offers a Polkadot-powered Ethereum-compatible smart contract platform allowing developers to build interoperable app<\/a>lications.<\/p>\n

On the same day, Moonbeam announced<\/a> the popular DEX Balancer will be working with the Parity team to port its AMM onto their platform.<\/p>\n

The announcement noted that Polkadot-based assets will be made available for trade as ERC-20 tokens on Balancer once the exchange has been deployed on Moonbeam.<\/p>\n

Balancer is currently the fifth-largest DEX by volume, hosting $525 million worth of trade in the past seven days.<\/p>\n

The announced ports have come following record-high gas fees on Ethereum.<\/p>\n