SushiSwap
SUSHI
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment Risk
Baseline risk
All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.
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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens
Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
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Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
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Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.
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For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
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Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
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Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
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Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
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.
Resources
SushiSwap (SUSHI) is an automated market maker (AMM) — a specific type of decentralized exchange (or DEX) that uses smart contracts to create markets for any given pair of tokens — built on the Ethereum network. More concretely, SushiSwap leverages smart contracts to provide liquidity pools that allow users to trade crypto assets directly — with no intermediary. SushiSwap was launched in September 2020 as a fork of Uniswap, a well-known AMM in the decentralized finance (DeFi) movement. On SushiSwap, users can become liquidity providers, supplying an equal-value pair of two cryptocurrencies in order to receive rewards whenever anyone utilizes that pool. SushiSwap is a decentralized finance (or DeFi) protocol that aims to diversify the AMM market and add features not previously present on Uniswap, such as increased rewards for network participants through its in-house token, SUSHI. SushiSwap's products are open-source and configured in a way that allows the entire platform to maintain decentralized governance of $SUSHI token holders.
SushiSwap operates primarily as an AMM, setting up automated trading liquidity between any two cryptocurrency assets. Concretely, SushiSwap eliminates the need for order books, with the aim to avoid issues such as liquidity problems that can hamper traditional decentralized exchanges, making SushiSwap a potential alternative for DeFi traders and entities looking to capitalize on the boom in project tokens and create liquidity. 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 Annual Percentage Yields (APY) rewards. This creates an extra incentive for users to keep lending their cryptocurrencies and remaining part of the liquidity pool over time. The platform takes a 0.3% cut from transactions in its liquidity pools, then compensates liquidity providers with portions of those fees in the form of SUSHI tokens, granting liquidity providers governance rights and the power to influence the platform's operations and future along the way. It's important to note that you can only use Sushiswap to trade one cryptocurrency for another directly — it can't be used to trade US dollars for example, or other government-issued currencies that are not backed by a commodity such as gold.
SushiSwap strives to be an AMM that suits a large amount of decentralized finance (DeFi) needs. It has, among others, two main use cases. Firstly, it allows users to trade cryptocurrencies across numerous pairs and crypto networks without the need for a central operator or administrator using their preferred connected crypto wallet. Secondly, it allows users to receive compensation by yield farming, meaning providing liquidity to a DeFi protocol or exchange and making rewards through fees or additional tokens on the decentralized, community-driven platform.
SushiSwap was founded by a pseudonymous entity known as "Chef Nomi", along with two other pseudonymous co-founders known as "sushiswap" and "0xMaki", who handle SushiSwap's code, product development, and business operations. SushiSwap launched in September 2020 as a fork of Uniswap, meaning by making a change to the Uniswap's protocol and basic set of rulesaiming, to diversify the AMM market and add additional features. The SUSHI token had no premine, meaning it couldn't be minted before the cryptocurrency was launched to the public — which can sometimes be the case for other cryptocurrencies — and was officially launched at Ethereum block number 10,750,000, starting with a supply of zero tokens. As of November 2023, SUSHI had a circulating supply of 231.87 M SUSHI.
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. Decentralized Exhanges (DEXs) have a range of risks, so do your research. For example, bugs in smart contracts can be exploited. Finally, since anyone can create a token, make sure to watch for "rug pulls" of unvetted tokens. "Rug pulls" occur when developers and/or bad actors create and list tokens on a decentralized exchange and request 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 buy SushiSwap through an exchange like Coinbase, in addition to using decentralized exchanges like Sushishwap itself (or Uniswap, a competing decentralized 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.
Market
United Kingdom Market stats
£131.8M
£17.2M
261.2M SUSHI
36 days
#244
£17.65
Past performance is not a reliable indicator of future results. Learn more about asset risks.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
United Kingdom Market performance
-0.38%
+11.66%
+3.66%
+11.58%
+17.49%
+4.13%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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Social
Some highlights about SushiSwap on social media
664 unique individuals are talking about SushiSwap and it is ranked #500 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, SushiSwap has an average sentiment score of 3.5 out of 5. Finally, SushiSwap is becoming more newsworthy, with 0 news articles published about SushiSwap. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about SushiSwap. There were 53.03% of tweets with bullish sentiment compared to 3.03% of tweets with a bearish sentiment about SushiSwap. 43.94% of tweets were neutral about SushiSwap. These sentiments are based on 66 tweets.
On Reddit, SushiSwap was mentioned in 3 Reddit posts and there were 6 comments about SushiSwap. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
664 people
69 posts
0.04%
#500
3.5 out of 5
66 people
53.03%
Bullish
43.94%
Neutral
3.03%
Bearish
SushiSwap Calculator
How much is 1 SUSHI?
SUSHI/CAD (Canadian Dollar)
CA$0.91
SUSHI/JPY (Japanese Yen)
¥95.66
SUSHI/INR (Indian Rupee)
₹55.95
SUSHI/BRL (Real)
R$3.62
SUSHI/EUR (Euro)
€0.60
SUSHI/NGN (Nigerian Naira)
NGN 1,097.12
SUSHI/KRW (South Korean Won)
₩888.92
SushiSwap is on the rise this week.
The price of SushiSwap has decreased by 0.38% in the last hour and increased by 11.66% in the past 24 hours. SushiSwap’s price has also risen by 3.66% in the past week. The current price is £0.50 per SUSHI with a 24-hour trading volume of £17.17M. Currently, SushiSwap is valued at 97.15% below its all time high of £17.65. This all-time high was the highest price paid for SushiSwap since its launch.
The current circulating supply of SushiSwap is 261,178,754.784 SUSHI which means that SushiSwap has as total market cap of 261,178,754.784.
FAQ
What is the current price of SushiSwap?
We update our SushiSwap to GBP currency in real-time. Get the live price of SushiSwap on Coinbase.
What is the market cap of SushiSwap?
The current market cap of SushiSwap is £131.76M. 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 £17.65. 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 £17.17M.
What other assets are similar to SushiSwap?
Assets that have a similar market cap to SushiSwap include Helium Mobile, EthereumPoW, 0x Protocol, 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 261 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 36 days.
What is the relative popularity of SushiSwap?
SushiSwap ranks 77 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
What is the current trading activity of SushiSwap?
Currently, 80% of Coinbase users are buying SushiSwap. In other words, 80% of Coinbase customers have increased their net position in SushiSwap over the past 24 hours through trading.
Can I buy SushiSwap on Coinbase?
Yes, SushiSwap is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy SushiSwap guide.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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.