Major decentralized exchange SushiSwap is the latest to consider action to mitigate Ethereum’s extreme transaction fees, and it involves a potential port to the Solana blockchain.
A proposal, which was posted to the SushiSwap forum on Feb. 22 under the codename ‘Bonsai,’ suggests building out the platform on the Solana ecosystem. The integration is intended to mitigate Ethereum’s skyrocketing transaction fees, which have spiked to new all-time highs over the past 24 hours.
The proposal would involve integrating SushiSwap with Raydium’s platform, with the Solana-based automated market maker having launched on Feb. 21.
The proposal’s author, “Handroll,” notes Raydium already features support for SushiSwap’s liquidity pools:”
“We have been working on Raydium’s AMM and liquidity pool protocols since the fall of 2020 and have just launched on our platform […] Raydium’s protocol is already able to support SushiSwap liquidity pools for the Serum orderbook.”
Handroll proposes the integration begins with Raydium working alongside SushiSwap to build support for liquidity pools