Suiswap
Crypto Overview
Project Overview
Suiswap is a decentralized exchange (DEX) built on the Sui blockchain. It aims to facilitate token trading and liquidity provision within the Sui ecosystem. The project functions as an Automated Market Maker (AMM) protocol, similar to Uniswap on Ethereum.
Intended Utility
The SSWP token serves multiple purposes within the Suiswap ecosystem: 1) Governance rights allowing holders to participate in protocol decisions 2) Fee sharing where token holders can receive a portion of trading fees 3) Incentivizing liquidity provision through yield farming rewards.
Current Usage Analysis
As a relatively new project on Sui blockchain, Suiswap shows active development but remains in early stages with limited adoption. The protocol facilitates actual token exchanges and provides genuine utility through its DEX functionality. Trading volumes and liquidity metrics indicate real usage, though modest compared to more established DEXes.
Token Distribution
The project maintains transparency regarding token allocations and vesting schedules. A significant portion is allocated to development and ecosystem growth, with founder/team tokens subject to vesting periods, indicating commitment to long-term development.
Development Activity
Regular updates and improvements to the protocol are visible through public repositories and deployment activity on the Sui network. The development team maintains active communication through official channels.
Crypto Impact
To assign a comfort level investing in Suiswap from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Suiswap.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.