The Block • Oct 27, 22
SushiSwap’s new Head Chef describes himself as a ‘wartime CEO’
Head Chef Jared Grey knows he faces an uphill battle to turn around SushiSwap’s fortunes but he’s working on a bold new plan.
Read more
SushiSwap
SUSHI
Price
$1.34
12/3/2022, 7:21:17 PM
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Market
Market stats
Market cap
$171.0M
Volume (24h)
$67.4M
Circulating supply
127.2M SUSHI
Typical hold time
34 days
Trading activity
Not enough data
Popularity
#75
All time high
$23.38
Price change (1h)
-0.97%
Price change (24h)
-0.12%
Price change (7d)
+14.17%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
SushiSwap is on the rise this week.
The price of SushiSwap has risen by 14.17% in the past 7 days. The price declined by 0.12% in the last 24 hours. In just the past hour, the price shrunk by 0.97%. The current price is $1.34 per SUSHI. SushiSwap is 94.25% below the all time high of $23.38.
The current circulating supply is 127,244,443 SUSHI.
About
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
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SushiSwap Calculator
How much is 1 SUSHI?
Conversion Table
SUSHI/CAD (Canadian Dollar)
CA$1.81
SUSHI/JPY (Japanese Yen)
¥180.58
SUSHI/INR (Indian Rupee)
₹109.49
SUSHI/EUR (Euro)
€1.28
SUSHI/NGN (Nigerian Naira)
NGN 596.24
SUSHI/KRW (South Korean Won)
₩1,746.87
SUSHI/SGD (Singapore Dollar)
SGD 1.82
View more
Last update: 7:20 PM
Reading List
News
Decrypt • Oct 13, 22
Sushi, Lido Finance Drop 10% as Top DeFi Tokens Plunge
Over the past 24 hours, tokens underpinning popular DeFi protocols like SushiSwap and Lido Finance have taken a battering.
Read more
Decrypt • Oct 11, 22
Dogecoin, SHIB Post More Losses as Crypto Market Sheds $11B Overnight
As the crypto market shed another $11 billion, Dogecoin and SHIB have been hit hard, with the meme coins suffering hefty losses overnight.
Read more
CoinDesk • Oct 06, 22
First Mover Americas: Bitcoin Stays Close to $20K, Sushi's Token Surges 14%
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 6, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Read more
The Block • Oct 03, 22
Sushi DAO votes Jared Grey as new ‘Head Chef’
The Sushi DAO has voted to elect former Eons Finance CEO Jared Grey as the new Head Chef of the decentralized finance project.
Read more
The Block • Jul 27, 22
SushiSwap team nominate a new potential ‘Head Chef’
Howard’s consideration for the head chef of SushiSwap will have to be approved through a community vote.
Read more
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FAQ
What is the current price of SushiSwap?
The price of 1 SushiSwap currently costs $1.34.
What is the market cap of SushiSwap?
The current market cap of SushiSwap is $170.95M. A high market cap implies that the asset is highly valued by the market.
What is the all time high of SushiSwap?
The all-time high of SushiSwap is $23.38. This all-time high is highest price paid for SushiSwap since it was launched.
What is the 24 hour trading volume of SushiSwap?
Over the last 24 hours, the trading volume of SushiSwap is $67.42M.
What other assets are similar to SushiSwap?
Assets that have a similar market cap to SushiSwap include Liquity USD, Chia, Reserve Rights, and many others. To see a full list, see our comparable market cap assets.
How many SushiSwap are there?
The current circulating supply of SushiSwap is 127 million.
What is the typical holding time of SushiSwap?
The median time that Coinbase customers hold SushiSwap before selling it or sending it to another account or address is 34 days.
What is the relative popularity of SushiSwap?
SushiSwap ranks 64 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
What is the current trading activity of SushiSwap?
Currently, 56% of Coinbase users are buying SushiSwap. In other words, 56% of Coinbase customers have increased their net position in SushiSwap over the past 24 hours through trading.
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.