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SushiSwap price

(SUSHI)

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$9.56
-8.71%

Market stats

$1.2B

$434.3M

+4.89%

127.2M SUSHI

51% of total supply

22 days

69% buy
31% sell

#39

$23.38

-1.37%

-8.71%

-35.98%

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.

How it works

  • 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.  

  • You can connect your crypto wallet to Sushiswap at app.sushi.com

  • 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.

Keep in mind

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 expensive to use the network. DEXs have a range of risks, so do your research. “Impermanent loss” can result from pairing a more volatile cryptocurrency with a less volatile one in a liquidity pool. Bugs in smart contracts can be exploited. And anyone can create a token, so watch out for “rug pulls.” 

Released: August 2020

SushiSwap is on the decline this week.

The price of SushiSwap has fallen by 35.98% in the past 7 days. The price declined by 8.71% in the last 24 hours. In just the past hour, the price shrunk by 1.37%. The current price is $9.561 per SUSHI. SushiSwap is 59.11% below the all time high of $23.38.The current circulating supply is 127,244,443 SUSHI.

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