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Author Topic: Sushiswap is changing to Avalanche [AVAX]  (Read 185 times)
Billo_ (OP)
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March 19, 2021, 02:23:19 AM
 #1

Sushiswap, after Uniswap a leading decentralized exchange, has now announced to move to Avalanche, a new project suitable for highly scalable DeFi applications: https://cryptofinancialtimes.com/2021/03/16/ethereums-top-decentralized-exchange-heads-to-rival-avalanche/

It is very interesting to see very big Ethereum Defi applications are starting to change cours to offer a more innovative Defi platform. While many people are still using Ethereum, it has also become very expensive to use a Swap platform based on Ethereum and Sushiswap has now made a decision and moved to Avalanche where fees are much cheaper.
Defi has already a very established placed at Avalanche, where also like Binance coin, many developers are building new Defi products. And in opposite to Binance, Avalanche is decentralized as a project.

It will be a good test to see how it is working out for Sushiswap to make gains compared to Uniswap. Uniswap has not announced plans to move away from Ethereum.
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March 19, 2021, 02:36:10 AM
 #2

Compared to Binance smart chain, we can see also that avalanche or AVAX are constantly moving now to integrate a more cheaper and more convenient decentralized marketplace and that's good to hear. I am an avax holder even though I only got few coins. I'm interested to see how it gonna up in the future and could see more developement as they continue to strive for positive progress and more innovations.

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Billo_ (OP)
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March 19, 2021, 02:45:08 AM
 #3

Compared to Binance smart chain, we can see also that avalanche or AVAX are constantly moving now to integrate a more cheaper and more convenient decentralized marketplace and that's good to hear. I am an avax holder even though I only got few coins. I'm interested to see how it gonna up in the future and could see more developement as they continue to strive for positive progress and more innovations.
Right now, Defi applications of Avalanche are expanding very fast and it seems as developers like Avalanche very much to develop new applications. I have seen a report from an developer who was developing on Ethereum but it was very expensive and he tried Avalanche later and it was much better for him. He wrote a report about it: https://louis-prospero.medium.com/building-prospero-on-avalanche-the-hype-is-real-a781ab07304b
It is a good read.

And similarly, it seems to be very easy to develop applications on Avalanche which is very good for Avalanche.
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March 19, 2021, 04:44:00 AM
 #4

Even with this news, those garbage miners are still defending their new proposal to give them a bunch of money. Im glad to see that there will be more and more platforms migrate into another platform.
I hope that there will be more platforms try to do this too.

Basically, it's a common thing to see that new platforms are away better than the old ones like ether with so many greedy miners but that's not a problem. I rarely using ethereum chain again right now. AVAX looks good enough

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March 19, 2021, 05:22:18 AM
 #5

Looks like AVAX gaining attention lately I noticed AVAX just when Pangolin announced airdrop via the AVAX network recently and now Sushisawp this is a good exposure to AVAX network expanding to more huge community I did not personally use this network so far and I can't say feedback, Is this a POS or POW chain?   

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March 19, 2021, 07:38:13 AM
 #6

So okay guys, help me out here. How is it BSC is also using ETH addresses and I'm reading if sushi moves to AVAX, people won't have to change their address as well.

Aren't these supposed to be completely different chains?

And why is everyone MOVING instead of just improving the current platforms? I don't get it.

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March 19, 2021, 10:43:08 AM
 #7

So okay guys, help me out here. How is it BSC is also using ETH addresses and I'm reading if sushi moves to AVAX, people won't have to change their address as well.

Aren't these supposed to be completely different chains?

And why is everyone MOVING instead of just improving the current platforms? I don't get it.

Are you saying that it will be difficult for people to switch to another blockchain that is different from Ethereum? Who said that the system is not improved, it is a long process.

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March 19, 2021, 10:51:51 AM
 #8

It's not surprising that other DeFi platforms using ETH chain will changing to other chains when the fees are too high, it's not sustainable. There are leading chains now and it's just a matter of time that other chains like ADA goes mainstream now that it's in Goguen phase, you can make some NFTs and other DeFi applications, more than that it has fast execution and has low transaction costs.
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March 19, 2021, 12:26:52 PM
 #9

This is a good decision. The bridge was launched on February 8, 2021
https://aeb.xyz/#/transfer
And what we get in practice: Ethereum will remain the main platform for DeFi applications and Avalanche will work like other Layer 2 solutions for Ethereum. Smiley
Thanks to such decisions and future hard forks on the Ethereum network, the price of transactions in Ethereum may decrease.


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March 19, 2021, 01:52:34 PM
 #10

So okay guys, help me out here. How is it BSC is also using ETH addresses and I'm reading if sushi moves to AVAX, people won't have to change their address as well.

Aren't these supposed to be completely different chains?

And why is everyone MOVING instead of just improving the current platforms? I don't get it.
Those were completely different chain but you can connect to the another chain use a new RPC that will be connected into the another network. Basically, the blockchain other than ethereum were adopting the same mechanism but different mainnet. This makes people can migrate from one to the another chain easily.
Dude, improving POW chain is not easy. Do you see the new drama?
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March 19, 2021, 02:56:23 PM
 #11

It is very good that Ethereum decentralized applications are moving to other blockchains. Now it becomes more convenient to use all products on different blockchains. With such a massive migration of projects to other blockchains ether may lose its leadership among altcoins...
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March 19, 2021, 03:02:21 PM
 #12

And why is everyone MOVING instead of just improving the current platforms? I don't get it.
Because you can get huge benefits if you combine all the blockchains into one big system.
There are fast blockchains with a large number of transactions per second and slow blockchains.
But thanks to cross-chain technology, today we can make transactions on faster blockchains and save our money. Now imagine this ecosystem in 5 years

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March 19, 2021, 03:45:16 PM
 #13

That is one form of Sushiswap saturation, the creation of which Sushiswap feels that it will be very difficult to move when they are burdened with swap fees that are not acceptable to small traders. it was a good decision, as Sushiswap was able to exist more and make a good deal. Honestly, Sushiswap lovers have been very dominant lately, it's just that they experienced a setback when Ethereum experienced a boom in loan sharks at their peak. a form of invitation without recognition from Sushiswap to every token or coin that cannot move freely because swap fees and shipping costs are greater than the estimated token itself.

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March 20, 2021, 10:39:53 PM
 #14

Sushiswap could change the blockchain, but they won't get huge amounts of liquidity on Avalanche.
A lot of tokens and wrapped stablecoins are traded on decentralized exchanges on the Ethereum network.
For example
https://usdonethereum.com/
Several dozen wrapped coins and tokens are traded on Avalanche. This is very little today.
Perhaps Sushiswap would be better off moving to Ethereum Level 2 solutions.

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March 20, 2021, 10:51:03 PM
 #15

sushiswap is right to change blockchain i hope that other dapps / defi will also follow his example, by now users are fed up with the unacceptable fees of eth
We really have to look for other options and its good that Sushiswap knows this one and took the opportunity to switch to other network just like what BSC did. I can’t really afford ETH network anymore especially if you are just dealing with a small amount of money, the fees are crazy. Many will adopt those network that is very cheap yet a faster network, hoping for the great success of Sushiswap on this one.
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March 20, 2021, 10:57:51 PM
 #16

I like the fact that Sushiswap is moving to Avalanche because transactions on the ethereum network are honestly expensive.
In particular, I have had to limit myself to making transactions, I only do the necessary ones to pay my bills.

Well, in this way, users can enjoy the benefits of the Avalanche network: speed and low fees. I have bought some AVAX tokens and was surprised by the fast transaction and the low fees.
It is worth following the progress of the Avalanche platform.

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March 20, 2021, 11:48:49 PM
 #17

It is very good that Ethereum decentralized applications are moving to other blockchains. Now it becomes more convenient to use all products on different blockchains. With such a massive migration of projects to other blockchains ether may lose its leadership among altcoins...
It's good for another platform but it's not for the ethereum caused by we know that so well if sushi swap has a very big community and there are lots of volume on it. that means if sushi will be moving to the avax and there will be a very big volume will be moving from ethereum to the avax. that may not give a big impact to the ethereum but that will make some ethereum users will be moving to the avax along with the exodus that already made by sushi

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santiPOGI
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March 20, 2021, 11:54:28 PM
 #18

Sushiswap, after Uniswap a leading decentralized exchange, has now announced to move to Avalanche, a new project suitable for highly scalable DeFi applications: https://cryptofinancialtimes.com/2021/03/16/ethereums-top-decentralized-exchange-heads-to-rival-avalanche/

It is very interesting to see very big Ethereum Defi applications are starting to change cours to offer a more innovative Defi platform. While many people are still using Ethereum, it has also become very expensive to use a Swap platform based on Ethereum and Sushiswap has now made a decision and moved to Avalanche where fees are much cheaper.
Defi has already a very established placed at Avalanche, where also like Binance coin, many developers are building new Defi products. And in opposite to Binance, Avalanche is decentralized as a project.

It will be a good test to see how it is working out for Sushiswap to make gains compared to Uniswap. Uniswap has not announced plans to move away from Ethereum.

Sounds good to me and it seems one of the good defi coin to hold in the long run. Just most important so far is that this AVAX will gonna give another opportunity to everyone to give profit, and I might buy them too then hold in the long term as well to get profit in the future as well. For sure, the majority of the community at the moment are pretty sure waiting for this.
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March 21, 2021, 12:00:09 AM
 #19

It is very good that Ethereum decentralized applications are moving to other blockchains. Now it becomes more convenient to use all products on different blockchains. With such a massive migration of projects to other blockchains ether may lose its leadership among altcoins...
It's good for another platform but it's not for the ethereum caused by we know that so well if sushi swap has a very big community and there are lots of volume on it. that means if sushi will be moving to the avax and there will be a very big volume will be moving from ethereum to the avax. that may not give a big impact to the ethereum but that will make some ethereum users will be moving to the avax along with the exodus that already made by sushi

And this will be good for AVAX holders. Now, this move should give a challenge to eth team.
They need to fast track their issues here particularly the gas fee problem.
Otherwise, project owners will really find another network that can help their scalability.
We are already seeing some developers building their projects under BSC network also.
I hope it is not too late for eth, before they introduce their improvements.
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March 22, 2021, 03:03:45 AM
 #20

Looks like AVAX gaining attention lately I noticed AVAX just when Pangolin announced airdrop via the AVAX network recently and now Sushisawp this is a good exposure to AVAX network expanding to more huge community I did not personally use this network so far and I can't say feedback, Is this a POS or POW chain?   
AVAX is a PoS coin but it is using Avalanche consensus.


So okay guys, help me out here. How is it BSC is also using ETH addresses and I'm reading if sushi moves to AVAX, people won't have to change their address as well.

Aren't these supposed to be completely different chains?
We will see when it's implemented, SushiSwap will announce it.


And why is everyone MOVING instead of just improving the current platforms? I don't get it.
Because it takes time for improving and like Ethereum, Vitalik has said it could take a while until Ethereum improves.
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