Get up to $200 in crypto for getting started³ →
SushiSwap logo

SushiSwap price

(SUSHI / USD)

Market stats

$143.1M

$46.7M

-24.93%

127.2M SUSHI

51% of total supply

33 days

63% buy
37% sell

#75

$23.38

-2.35%

-3.02%

+3.21%

Get crypto for getting started

Jump start your portfolio with free crypto after you sign up. Terms apply.

freeBtc

About SushiSwap

SushiSwap (SUSHI) is an Ethereum token that powers SushiSwap, a decentralized cryptocurrency exchange and automated market maker built on Ethereum. Holders of SUSHI can participate in community governance and stake their tokens to receive a portion of SushiSwap’s transaction fees.

What is SushiSwap (SUSHI)?

SushiSwap (SUSHI) is a decentralized exchange (or DEX) built on the Ethereum network. Originally forked from Uniswap, SushiSwap leverages smart contracts in order to provide liquidity pools that allow users to directly trade crypto assets — with no intermediary. Users can also become liquidity pool providers, supplying an equal value pair of two cryptocurrencies in order to receive rewards whenever anyone utilizes that pool. It is a decentralized finance (or DeFi) protocol.

What are the risks of using SushiSwap?

Users of Ethereum-based apps like SushiSwap have to pay transaction fees (also called gas) that can vary widely in price and can make it costly to use the network. DEXs have a range of risks, so do your research.  For example, bugs in smart contracts can be exploited. And, since anyone can create a token, watch for “rug pulls” of unvetted tokens. “Rug pulls” occur when developers and/or bad actors create and list tokens on a decentralized exchange, request that unsuspecting investors swap their ETH or other asset for the new token, only to liquidate the token after accruing a certain level of investments. This liquidation drives down the value of the token to 0. 

How does SushiSwap work? 

You can use Sushiswap to trade one cryptocurrency for another directly — it can’t be used to trade fiat for crypto or vice versa. It uses the Automated Market Maker model pioneered by Uniswap.  

To add liquidity, users send equal-value amounts of two cryptocurrencies to SushiSwap. In exchange, they receive Liquidity Provider (or LP) tokens and begin receiving rewards. Users can deposit their newly created LP tokens into yield farms to earn further APY rewards. This creates extra incentive for users to continue to be part of the liquidity pool over time.

Where do you buy SushiSwap?

You can buy SushiSwap through an exchange like Coinbase, in addition to using decentralized exchanges like Sushishwap itself (or Uniswap, a competing decentralized exchange).

Released: August 2020

SushiSwap is on the rise this week.

The price of SushiSwap has risen by 3.21% in the past 7 days. The price declined by 3.02% in the last 24 hours. In just the past hour, the price shrunk by 2.35%. The current price is $1.125 per SUSHI. SushiSwap is 95.19% below the all time high of $23.38.

The current circulating supply is 127,244,443 SUSHI.

SushiSwap on social media.

SushiSwap was mentioned in 428 out of 1,619,396 social media posts on Twitter and Reddit on Jun 26, 2022. 430 unique individuals are talking about SushiSwap and it is ranked #212 in most mentions and activity from collected posts.

Top stories

Coinbase Bytes

The week’s must-know crypto news, sent right to your inbox

Subscribe

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to SushiSwap in market cap.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Coinbase Bytes article