- OpenSea Faces Competition From SudoSwap
- SudoSwap Daily Trading Volume Touches 10% of OpenSea.
- SudoSwap Ready to Give Head to HEad competition to OpenSea
Even after a subtle drop in the crypto sphere, many companies are joining the marketplace. One such newbie is a Non-fungible token marketplace that is giving tough competition to Opensea. This new NFT marketplace is clearly snatching a small percentage of the market share from OpenSea.
The decentralized NFT marketplace SudoSwap is giving tight-end competition to the dominant company. SudoSwap is disrupting OpenSea's powerful stranglehold in the NFT market. The daily trading volume is approximately 10% of OpenSea's în mai puțin de o lună.
The decentralized NFT marketplace was launched in early July and framed itself as a highly flexible, gas-efficient, and fully on-chain.
Revendica proiectul,
“Currently, the NFT market relies on centralized order books that are subject to downtime and centralization risk. sudoAMM changes that by being fully on-chain. Anyone can source the same liquidity used by the sudoswap marketplace in their applications using just Ethereum.
Structura pieței pentru NFT a fost ineficientă din cauza taxelor. Cumpărătorii au adesea nevoie de o creștere a prețului cu 10% doar pentru a ajunge la rentabilitate. Tranzacționarea pe SudoSwap înseamnă că plătiți doar o taxă de 0.5% față de taxa obișnuită de 7.5% (2.5% + 5% redevență) pe alte platforme, permițând o descoperire mai bună a prețurilor.
SudoAMM este scris de la zero pentru a fi eficient din punct de vedere al gazelor pentru comercianți. Tranzacționarea NFT-urilor unice este la fel de ieftină ca și contractele de schimb NFT cele mai optimizate, iar atunci când tranzacționați NFT-uri în vrac, sudoAMM poate fi cu până la 40% mai ieftin!”
The SudoSwap’s total value locked (TVL) currently hovers around $3 Million, up more than 900%.
Source: https://www.thecoinrepublic.com/2022/08/28/opensea-faces-tough-competition-from-new-nft-market-competitors/