Sushi's Next Course: Shipyard Takeover 🚢🍣

Sushi Labs just rolled up to the crypto buffet and acquired Shipyard Software. Why? To make SushiSwap’s DEX less of a sushi trainwreck, of course!

DEX drama? Not on Sushi’s watch. They’re out to fix those “oops, my liquidity got lost” moments, and make sure everyone gets their fair share of trading fun.

It’s a “save our TVL” mission as SushiSwap tries to climb back up the ranks after a year of “whoops, where’d our users go?”

Shipyard’s got some cool toys, like Blade – an AMM that’s all about avoiding that awkward impermanent loss. And Kubo? That’s the new Sushi-branded baby for all your perps trading needs.

Remember kids, impermanent loss is when your crypto swim in the liquidity pool and come out wearing water wings. Not cute.

Sushi Labs, the master chefs behind SushiSwap, are stirring the pot across 35 blockchain networks, with a TVL that’s like, “We’re cool, but we’ve been cooler.”

Once a DEX darling, SushiSwap hit peak TVL of $8 billion before the crypto gods said, “Nah, let’s throw some shade.” Now it’s playing catch-up with the big kids like Uniswap and Raydium.

Rising DeFi TVL

DeFi’s TVL is like a phoenix rising from the ashes, or maybe a sushi roll that just won’t quit. It’s getting close to those 2021 highs!

LRTs and Bitcoin‘s L2s are the secret sauce behind the TVL spike, and crypto prices are like, “Let’s party like it’s 2021!”

As of Jan. 28, DeFi’s TVL is at a whopping $119 billion. That’s like, double what it was last year. But can it hit 2021’s $170 billion high? Stay tuned, folks!

2025-01-29 00:59

Sushi’s Next Course: Shipyard Takeover

Rising DeFi TVL

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