Cryptocurrency Q&A What layer is SushiSwap?

What layer is SushiSwap?

ZenHarmony ZenHarmony Tue Sep 10 2024 | 7 answers 1459
Could you please clarify what layer you're referring to when you ask about SushiSwap? Are you asking about the technology stack, or are you inquiring about its position within the decentralized finance (DeFi) ecosystem? If you're wondering about the technology layer, SushiSwap is primarily built on the Ethereum blockchain, utilizing smart contracts to facilitate decentralized trading and liquidity provision. It operates on Layer 2, specifically through the use of automated market makers (AMMs) that allow for low-cost and efficient swaps of digital assets. On the other hand, if you're asking about SushiSwap's position within the broader DeFi landscape, it's considered one of the leading decentralized exchanges (DEXs) and is highly integrated with various DeFi protocols and platforms. SushiSwap provides a crucial layer of liquidity and trading opportunities for users looking to interact with the DeFi ecosystem. What layer is SushiSwap?

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