Filecoin (FIL) Price Jumps 16% Amid Sushi DEX Integration, What’s Next?

Filecoin, the world’s largest decentralized storage network, has achieved a significant milestone by integrating Sushi, a prominent decentralized exchange (DEX). This marks the first instance of a DEX operating on the Filecoin network.

The integration includes the introduction of Sushi’s version 2 and version 3 automated market makers (AMMs) featuring concentrated liquidity pools on Filecoin. This development enables direct trading and liquidity provision. Furthermore, Sushi’s cross-chain swap feature, SushiXSwap, extends to Filecoin, facilitating seamless token swapping across Filecoin and more than 30 other networks, streamlining the user experience without the need for bridging or native Filecoin tokens.

The partnership between Sushi and Filecoin not only strengthens Sushi’s position in the multi-chain and cross-chain space but also encourages users and developers to explore Filecoin’s decentralized storage capabilities. Laconic.com played a crucial role by providing essential subgraph index hosting services to make this collaboration possible.

To celebrate this integration, the “Filecoin x Sushi Bomb Diggity NFT” is being introduced as part of the “Sushi Multi-Chain Feast” Campaign. This limited edition NFT, minted on the Arbitrum network due to Filecoin’s current non-integration with Galxe, serves as a commemoration of the collaboration and is accessible to participants who fulfill specific tasks.