SushiSwap has announced the launch of Trident DEX on the Polygon Network.
This new DEX will offer AMM functionalities.
Work on this DEX is going forward as a beta version of the Trident AMM.
SushiSwap (SUSHI) is software that runs on top of the Ethereum blockchain network that aims to incentivize a network of users to operate a platform where anyone can buy or sell cryptocurrencies. To do so, it utilizes a collection of liquidity pools.
Polygon (MATIC) is a layer-2 scaling solution that runs alongside EThereum and allows for quick transactions with low fees. MATIC is the native token that powers the Polygon network.
The SushiSwap launch of Trident Beta on Polygon as a catalyst for growth
On March 16, 2022, SushiSwap made an official announcement on their Twitter page that Trident is live on Polygon. “Tri” is their phase 1 Trident release.
Keep in mind, however, that this is their preview release and that SushiSwap advised users to use it at their own risk.
This could result in an increase in the value of the SUSHI and the MATIC tokens.
Should you buy SushiSwap (SUSHI)?
On March 17, 2022, SushiSwap (SUSHI) had a value of $3.19.
The all-time high value of the SushiSwap (SUSHI) token, it occurred on March 13, 2021, at $23.38.
When we go over the performance of the token throughout the previous month, SushiSwap (SUSHI) had its highest point of value on February 8 with a value of $4.97.
Its lowest point of value, however, was on February 24, when the token decreased to a value of $2.85. This means that the token decreased by $2.12 or by 42%.
However, from February 24 to March 17, the token increased in value by $0.34 or by 12%. With this in mind, SUSHI can reach $4 by the end of March 2022.
Should you buy Polygon (MATIC)?
On March 17, 2022, Polygon (MATIC) had a value of $1.45.
Looking at the all-time high point of value for the Polygon (MATIC) token, we can see that this value was achieved on December 27, 2021, when the token reached a value of $2.92.
Discussing the performance of the token throughout the previous month, Polygon (MATIC) had its highest point of value on February 7 at $2.07.
Its lowest point of value, however, was on February 24, when the token decreased to a value of $1.28. This gives us an indication that the token decreased in value by $0.79 or by 38%.
However, from February 24 to March 17, the token increased in value by $0.17 or by 13%.With this momentum, MATIC can reach $2 by the end of March, making it a solid token to buy.