Why SushiSwap’s [SUSHI] 2023 revenue has potential to floor 2022

February 1, 2023

By Suzuki Shillsalot

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• The SushiSwap 2023 revenue could surpass 2022 by $15 million.

• The token’s likely direction could end up in a price decrease, but HODLing could cause gains.

In 2022, SushiSwap [SUSHI] recorded a revenue of $16.75 million, according to Token Terminal. However, compared to protocols like MakerDAO [MKR] and Lido Finance [LDO], Sushiswap fell short.

Ready to add sauce to the SUSHI

Well, all that could be behind the 2022 Uniswap [UNI] fork. This is because the project’s CEO, Jared Grey, proposed to switch SUSHI’s 100% revenue to its treasury. Before it was approved earlier in January 2023, it was usually distributed to the token holders.

For this reason, SushiSwap could make another extra $15 million. Additionally, full implementation of its roadmap could also contribute to achieving the objective.

In the last 30 days, SUSHI holders have made about 35.59% gains and were able to sustain the trading volume to 57 million until 30 January. The increase reflects improved traders’ attempt to own the tokens because of price changes. However, the momentum had dropped at the time of writing to 46.96 million.

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