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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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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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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.