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xSUSHI

XSUSHI

Price
$1.42
10/2/2022, 6:52:18 PM
diamondHands

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Market

Market stats

Market cap

-

Volume (24h)

$22,517.53

Circulating supply

-

All time high

$90.67

Price change (1h)

+0.39%

Price change (24h)

-3.23%

Price change (7d)

+0.07%

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xSUSHI is on the rise this week.

The price of xSUSHI has risen by 0.07% in the past 7 days. The price declined by 3.23% in the last 24 hours. In just the past hour, the price grew by 0.39%. The current price is $1.418954 per XSUSHI. xSUSHI is 98.44% below the all time high of $90.67.

The current circulating supply is 0 XSUSHI.

About

What IsxSUSHI (XSUSHI)?

Sushi is a decentralized community-driven organization. The community aims to build a comprehensive, decentralized trading platform for the future of finance. Sushi allows swapping, earning, stacking yields, lending, borrowing, and leveraging all on a single platform.

According to its whitepaper, Sushi is designed to solve what one knows as the 'liquidity problem.' Liquidity is the ease of transforming security or asset into ready cash without influencing the market price. So, liquidity problem can be defined as the inability of different types of liquidity to associate with markets in a decentralized manner. While other solutions offer gradually developing advances toward solving the problem of liquidity, Sushi aims to create a wide range of network effects, rather than limiting to a single solution. In simple terms, the platform combines many decentralized tools and markets to solve the liquidity problem.

The Sushi platform offers certain products and tools. These include a decentralized lending market, a decentralized exchange (DEX), yield instruments, and staking derivatives. Firstly, Sushi has a multi-chain AMM offering competitive rates for Decentalized Finance(DeFi) blue chips. An Automated Market Maker or AMM offers liquidity to the exchange where the system operates through automated trading. Next comes Kashi, an isolated lending market with flexible interest rates. Another important tool of Sushi is the BentoBox, a vault holding tokens and generating yield from strategies and flash loans for any protocol built on top of it. Equally important is Onsen Program, which helps accelerate the project while finding good yields anywhere in DeFi. Last but not least, xSUSHI staking helps to earn governance rights and a fraction of all swaps from all chains at one place. All Sushi's products are configured to allow the whole platform to maintain decentralized governance of SUSHI token holders while resuming to innovate on the collective foundations by design.

Coming to the native token, xSUSHI (XSUSHI) empowers the platform. XSUSHI is akin to the SushiSwap's Liquidity Provider (SLP) tokens, which users receive in exchange for staking SUSHI tokens in the ‘SushiBar’- the staking patform. Liquidity Provider (LP) tokens are tokens issued to liquidity providers on a DEXand operate on AMM protocol. When users make trades on the SushiSwap exchange, a fee is charged. The xSUSHI token gets value from platform fees. A portion of the fee is added to the SushiBar pool in LP tokens.

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FAQ

What is the current price of xSUSHI?

The price of 1 xSUSHI currently costs $1.42.

What is the market cap of xSUSHI?

The current market cap of xSUSHI is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of xSUSHI?

The all-time high of xSUSHI is $90.67. This all-time high is highest price paid for xSUSHI since it was launched.

What is the 24 hour trading volume of xSUSHI?

Over the last 24 hours, the trading volume of xSUSHI is $22.52K.

What other assets are similar to xSUSHI?

Assets that have a similar market cap to xSUSHI include Rabet, SafuYield Protocol, Ten Best Coins, and many others. To see a full list, see our comparable market cap assets.

How many xSUSHI are there?

The current circulating supply of xSUSHI is 0.

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