Recently, the cryptocurrency market has undergone significant transformations, impacting various facets of blockchain technology, including decentralized finance . Among those affected by these changes is DEX SushiSwap . However, the team behind SUSHI has been actively seeking means to regain momentum and recover from these shifts.
This drop was also seen in the total value locked of SushiSwap. In November 2021, it was equivalent to $8 billion and has fallen to $460 million at the time of writing. In comparison, Uniswap's TVL, which also underwent a correction, went from $9 billion to reach $3 billion in the same period.SushiSwap boasts a user-friendly platform, distinguishing it from many of its competitors. However, the protocol currently faces challenges in terms of user retention.
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