Sushi DEX Integration Propels Filecoin (FIL) to 16% Surge

It is anticipated that the introduction of Sushi (SUSHI) to the Filecoin network would greatly enhance the data storage blockchain, which has gotten most of its total value locked (TVL) from liquid staking protocols such as GLIF, STFIL, and SFT Protocol.

Sushi DEX Integration Propels Filecoin (FIL) to 16% Surge
Source: Coin Market Cap

Over the weekend, the Filecoin (FIL) network, a decentralised storage system that has persevered through the 2022 crypto bear market, closed over a critical resistance level of $5, ensuring a sustained increase in the upcoming weeks within the continuing gradual altcoin breakout.

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With the FIL bulls trading at $5.44 on Monday and up around 13 percent over the previous day, they have every incentive to hit the next key resistance zone, which is between $9.2 and $11.34, before the year concludes.

Sushi DEX Integration Propels Filecoin (FIL) to 16% Surge,Sushi DEX Integration Propels Filecoin (FIL) to 16% Surge

Furthermore, the integration of Sushi (SUSHI), a seasoned decentralised exchange with over $407 million in total value locked, has significantly increased the liquidity of the Filecoin network.

With the integration of Filecoin and Sushi, the latter’s version 2 and version 3 automated market makers (AMM) that are intended to enhance the FIL liquidity pools are introduced. Meanwhile, the SushiXSwap, which combines over 30 distinct networks with safe and scalable smart contracts, allows FIL holders to move assets across chains with ease.

As part of the Sushi Multi-Chain Feast campaign, a limited NFT giveaway called Filecoin x Sushi Bomb Diggity was launched on Ethereum’s scaling solution Arbitrum to celebrate the collaboration between the two web3-focused projects.

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The Filecoin community has expanded into a thriving ecosystem, and on Tuesday, November 14, also known as Filecoin Day, it will come together at several developer conferences, including the DevConnect event in Istanbul, Turkey.

The Filecoin team hopes to inform the public about ZK Proofs, AI, compute over data, decentralised storage, and the Filecoin network’s future in the context of the widespread use of web3 and digital assets at LabWeek23.

More than 91k wallets have been established in the 100 days since the Filecoin Virtual Machine was introduced, demonstrating the seamless decentralised storage that the Filecoin network continues to offer.

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Developers of Filecoin Decentralised applications may create scalable projects in a safe environment since the Filecoin Virtual Machine is completely compatible with the Ethereum Virtual Machine.

Notably, the Filecoin network takes pleasure in providing over 12 million TB of the most extensive decentralised cloud storage network available globally at cheap prices.

Sushi DEX Integration Propels Filecoin (FIL) to 16% Surge,Sushi DEX Integration Propels Filecoin (FIL) to 16% Surge,Sushi DEX Integration Propels Filecoin (FIL) to 16% Surge , Filecoin Crypto news, Filecoin News

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