March 4, 2024

DeFi-token SUSHI is rapidly increasing in price again

DeFi-token SUSHI is rapidly increasing in price again

Over the past week, the capitalization of the SUSHI token from the DeFi project SushiSwap increased by $100 million, securing the token 11th placeDeFiPulse.com rating.

DeFi-token SUSHI is rapidly increasing in price again

In September, SushiSwap's capitalization grew to more than $1.4 billion, overtaking the largest decentralized exchange, Uniswap, in a matter of days. 

After sushiswap founder "Chef Noi" appropriated and sold a share of SUSHI tokens worth $15 million, the projectrapidly flew down, and only in early November began to show signs of recovery.

FTX founder Sam Bankman-Freed, who receivedcontrol over the problematic project, believes that the rise is associated with the return of large investors and the reallocation of funds within the DeFi ecosystem. He believes that the success of DeFi depends directly on the financial incentives and rewards offered. A number of leading projects have already faced liquidity outflows due to lower farm profitability.

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