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.
Create a Coinbase account to buy and sell SushiSwap on the most secure crypto exchange.
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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.
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.
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.
SushiSwap (SUSHI) is a decentralized exchange (or DEX) built on the Ethereum network. Originally from Uniswap, SushiSwap leverages 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.
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.
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) 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.
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
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The price of 1 SushiSwap currently costs $1.34.
The current market cap of SushiSwap is $170.95M. A high market cap implies that the asset is highly valued by the market.
The all-time high of SushiSwap is $23.38. This all-time high is highest price paid for SushiSwap since it was launched.
Over the last 24 hours, the trading volume of SushiSwap is $67.42M.
The current circulating supply of SushiSwap is 127 million.
The median time that Coinbase customers hold SushiSwap before selling it or sending it to another account or address is 34 days.
SushiSwap ranks 64 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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.