SUSHI
SUSHI

SushiSwap price

$1.5055
-$0.00550
(-0.37%)
Price change from 00:00 UTC until now
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SushiSwap market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
Market cap
$290.76M
Circulating supply
192,789,256 SUSHI
Market cap ranking
138
24h high
$1.5916
24h low
$1.4080
All-time high
$23.4410

SushiSwap price performance in USD

The current price of SushiSwap is $1.5055. Since 00:00 UTC, SushiSwap has decreased by -0.36%. It currently has a circulating supply of 192,789,256 SUSHI and a maximum supply of 279,894,599 SUSHI, giving it a fully diluted market cap of $290.76M. At present, the SushiSwap coin holds the 138 position in market cap rankings. The SushiSwap/USD price is updated in real-time.
Today
-$0.00550
-0.37%
7 days
$0.073400
+5.12%
30 days
-$0.55780
-27.04%
3 months
$0.72620
+93.18%

About SushiSwap (SUSHI)

3.5/5
CyberScope
4.1
06/15/2024
TokenInsight
2.9
04/18/2023
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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    By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.

Decentralized finance (DeFi) platforms offering innovative solutions are gaining prominence as the sector continues to evolve. SushiSwap, an exemplar of this dynamic, has surged in popularity with its unique features and community-driven approach.

Primarily a decentralized exchange (DEX), SushiSwap also facilitates the automated trading of cryptocurrency assets using smart contracts built on the Ethereum blockchain.

What is SushiSwap

SushiSwap is a DEX that operates on the Ethereum blockchain. As an automated market maker (AMM), SushiSwap enables users to trade cryptocurrencies against liquidity pools by interacting with smart contracts on the platform. The platform's native token, SUSHI, is integral to its operations, serving purposes such as governance and providing rewards within the SushiSwap ecosystem.

The SushiSwap team

The development of SushiSwap was led by Chef Nomi, who chose to remain anonymous. Chef Nomi faced controversy when $14 million worth of SUSHI was removed from the project's treasury, only to be returned later.

After Chef Nomi's departure, temporary control of SushiSwap was entrusted to Sam Bankman-Fried, the former CEO of FTX exchange. Eventually, control was handed over to a group of community-selected individuals.

Notably, SushiSwap announced a merger with Yearn Finance, led by Andre Cronje, indicating a collaborative effort to harness the strengths of both platforms.

How does SushiSwap work

SushiSwap operates through a set of smart contracts on the Ethereum blockchain, facilitating direct peer-to-peer (P2P) trading and providing liquidity pools users can contribute to. The platform consists of the SushiSwap exchange, allowing traders to swap tokens directly from their wallets, as well as SUSHI tokens, which are earned by liquidity providers and can be staked for rewards and participation in governance.

SUSHI price and tokenomics

SUSHI is an ERC-20 token with a total supply of 250 million, expected to be fully minted by the end of 2023. SUSHI holders can lock their tokens in SushiSwap’s liquidity pools, earning SushiSwap Liquidity Provider (SLP) tokens in return. The liquidity pools collect a 0.25 percent fee from trades, contributing to the growth of the pool’s funds and increasing the value of SLP tokens.

SUSHI use cases

SUSHI serves multiple essential functions within the SushiSwap ecosystem. As the governance token, it empowers holders to actively participate in voting on proposals that shape the platform's future. Additionally, users can stake their SUSHI to earn a share of trading fees, incentivizing them to contribute liquidity to the platform. Moreover, stakers are eligible to receive a percentage of every NFT trade conducted on SushiSwap's NFT marketplace, further enhancing their earning potential and engagement within the ecosystem.

Distribution of SUSHI

SUSHI tokens were distributed as follows:

  • 60 percent: Set aside for the initial liquidity mining program
  • 20 percent: Held by the SushiSwap treasury
  • 10 percent: Given to the team and advisors
  • 10 percent: Reserved for community grants

SushiSwap’s future expansion plans

SushiSwap currently supports only Ethereum-based tokens, but the team has ambitious plans to expand to other blockchains in the future. The team is also actively developing new features for the exchange, with lending and borrowing, derivatives trading, and non-fungible token (NFT) trading among the exciting additions in progress.

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SUSHI FAQ

What factors can influence the price of SUSHI?

Some common factors include market demand and supply dynamics, overall sentiment towards cryptocurrencies, trading volume on exchanges, developments and updates related to the SushiSwap platform, partnerships, regulatory announcements, and broader market trends. 

How can I earn with SushiSwap?

With SushiSwap, there are several ways to potentially generate rewards. One method is providing liquidity to the platform’s liquidity pools, earning a portion of the trading fees generated by SushiSwap users. Alternatively, users can participate in yield farming, which involves staking their assets to earn additional tokens as rewards.

Where can I buy SUSHI?

Easily buy SUSHI tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include SUSHI/USDT and SUSHI/USDC.

You can also buy SUSHI with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Additionally, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for SUSHI with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into SUSHI, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

How much is SushiSwap worth today?
Currently, one SushiSwap is worth $1.5055. For answers and insight into SushiSwap's price action, you're in the right place. Explore the latest SushiSwap charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as SushiSwap, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as SushiSwap have been created as well.