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Sushiswap vs Uniswap – If FTX and FTT fail, which is the best exchange native coin to keep in 2023

Binance is the largest cryptocurrency exchange in the crypto space, and the position of second largest belonged to FTX. However, things changed with the fall of FTX, so exchanges like Sushiswap and Uniswap are now trying to take their place. The fall of the FTT has also rattled crypto investors, forcing many of them to reflect on their choices for the best native coins to hold in 2023. Topping their list of picks are coins like Dash 2 Exchange,, Taroand Calvary.

Ever since FTX, once the second-largest cryptocurrency exchange, filed for bankruptcy, the hearts of many investors have been shaken. With the fall of FTX, Sushiswap and Uniswap top the list of exchanges that can take its place. We’ll tell you about these two exchanges and look at their chances of taking FTX’s place. Because FTT is also irrelevant, we will be looking at other cryptocurrencies that will be more valuable as coins to hold in 2023.

About Sushi Swap

Sushiswap is a decentralized exchange that was launched in September 2020 by 2 anonymous characters, 0xMaxki and Chef Nomi. This exchange is a fork of Uniswap, the popular decentralized finance platform. It is therefore built with Uniswap’s core code, with some notable differences, such as its governance token, SUSHI.

This exchange platform uses the Automated Market-Maker (AMM) protocol for its decentralized exchange (DEX) protocols. So, there are no centralized order books or authorities here like you would see in conventional crypto exchanges. Rather, smart contracts in liquidity pools determine the buying and selling prices of cryptocurrency on this decentralized exchange.

About Uniswap

Uniswap is a decentralized exchange based on the Ethereum blockchain. This exchange was started in 2018 by Hayden Adams, inspired by Ethereum co-founder Vitalik Buterin. This exchange uses the AMM variant called Constant Product Market Maker to operate.

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