SushiSwap’s [SUSHI] CTO revealed what the SUSHI network was up to during the last two quarters of this year.

In his tweet, he mentioned that in Q3 and Q4, it became obvious that there was a strong need to prioritize, and they decided to focus on ideas to improve their most loved and profitable product, the DEX, SushiSwap.

This led to the deprecation of Kashi (Sushi Lending) and Miso (Sushi Launchpad). He also mentioned that they have plans to launch successors to these products in the future once they have the resources to dedicate the product teams.

Interestingly, SUSHI’s recent price also looked optimistic, as its weekly chart was painted green. As per CoinMarketCap, SUSHI’s price increased by more than 4% in the last seven days, and at the time of writing, it was trading at $0.9689 with a market capitalization of over $215 million.

Cryptolaxy, a fundamental and technical analysis platform, recently released a list of the most underrated projects, and SUSHI topped the list. According to the data, SUSHI’s undervaluation index was three, which was positive as it reflected that SUSHI’s value might go up in the coming days.

Furthermore, several of SUSHI’s on-chain metrics suggested that the new year may bring better news for investors. SUSHI’s MVRV Ratio went up considerably over the last week, which looked bullish. The token also remained popular in the crypto space as its social volume remained consistently high.

Furthermore, CryptoQuant’s data revealed that SUSHI’s net deposits on exchanges were low compared to the last seven days. This was a positive sign as it indicated less selling pressure. Nonetheless, the concern was that SUSHI’s active addresses were decreasing. Thus, suggesting a lower number of users on the network. 

(by Suzuki Shillsalot)