SushiSwap chief lays out development goals for 2023

DEX SushiSwap intends to increase its market share tenfold in 2023. This was stated by the exchange’s head, Jared Grey, as he outlined the development goals for the year.

Read how we’re revitalizing @SushiSwap in 2023!https://t.co/KTnNgtUMaw

— Jared Grey (@jaredgrey) January 16, 2023

In the first quarter, the SushiSwap team plans to launch a DEX aggregator and enter this market segment. According to Grey, the developers spent 2022 building the necessary solution in stealth mode.

“We believe that aggregation helps better serve customers’ interests with an optimal pricing system. We are effectively using these innovations, delivering deeper liquidity in pools and allowing its liquidity providers (LPs) to benefit from rising volumes and fees,” said the head of SushiSwap.

The project will also launch in 2023 a decentralised incubator, Sushi Studios, to foster ecosystem growth. The initiative will support independently financed projects, so as not to burden its own treasury.

Grey said that a number of developing products are at various readiness stages, including the NFT marketplace Shoyu (launch expected in the first quarter), a futures platform and others.

The head of SushiSwap reminded that at the end of last year the project made changes to tokenomics, which gave the team financial stability for several years.

“Currently Sushi controls about 2% of the AMM market and 0% of the aggregators segment. By delivering our plans, we target a tenfold increase in market share in 2023,” he said.

Earlier, Grey took over the project in October 2022, after winning the community vote by a wide margin.

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