Sushiswap Price

Sushiswap (SUSHI) is a governance token for the SushiSwap decentralized finance platform, launched in 2020 on the Ethereum blockchain. Currently ranked 406 with a price of $0.5459, it has seen a -4.89% change in the last 24 hours. Sushiswap enables holders to participate in platform governance, stake tokens, and earn rewards. It powers SushiSwap's ecosystem, which includes an Automated Market Maker (AMM) for permissionless token swaps and a cross-chain aggregator that finds the best prices across multiple decentralized exchanges. With a market cap of $105.24M and 24-hour trading volume of $2.03M, Sushiswap has a circulating supply of 192.78M SUSHI out of a total supply of 286.13M SUSHI. The token is available on multiple blockchains including Ethereum, Polygon, Avalanche, and Arbitrum.

Sushiswap was created on August 28, 2020. It was launched as an ERC-20 token on the Ethereum blockchain, originating as a fork of Uniswap. Sushiswap was designed to power the SushiSwap decentralized exchange (DEX) and provide governance rights to token holders within its ecosystem. Since its creation, Sushiswap has expanded to multiple blockchain networks beyond Ethereum, including Polygon, Avalanche, Fantom, and others.

Sushiswap was founded by Chef Nomi, sushiswap, and 0xMaki in 2020. Chef Nomi was the pseudonymous lead developer who initially created the project by forking Uniswap's open-source code. The founding team established Sushiswap as a decentralized exchange (DEX) on the Ethereum blockchain, with SUSHI token serving as the platform's governance token. Since its launch, the project has evolved into a comprehensive DeFi ecosystem with multiple founders contributing to its development and growth.

Sushiswap works as the native token of the SushiSwap decentralized exchange (DEX) built on Ethereum. Currently priced at $0.5459 with a market cap of $105.24M, SUSHI serves multiple functions within the ecosystem: 1. Governance: Token holders can vote on protocol changes and upgrades 2. Fee sharing: Stakers receive a portion of trading fees generated on the platform 3. Liquidity mining: Users who provide liquidity to trading pairs earn SUSHI rewards 4. Trading benefits: Holders enjoy discounted trading fees when using SushiSwap The token operates across multiple blockchains including Ethereum, Polygon, Avalanche, and Optimism, enabling cross-chain DeFi functionality. With a circulating supply of 192.78M SUSHI and 24-hour trading volume of $2.03M, SUSHI powers SushiSwap's AMM (Automated Market Maker) model that allows permissionless token swaps without traditional order books.

Sushiswap operates on a multi-chain architecture built primarily on Ethereum using Solidity smart contracts. At its core is an automated market maker (AMM) protocol that enables permissionless token swaps through liquidity pools. The system uses the constant product formula (x*y=k) for price determination. The technical stack includes: 1. Smart Contract Layer: Core contracts for swaps, liquidity provision, staking, and governance 2. BentoBox: An innovative vault system that serves as a foundation for various DeFi applications 3. Kashi Lending: A lending platform built on BentoBox 4. Cross-chain Infrastructure: Implementations across multiple blockchains including Ethereum, Polygon, Avalanche, Arbitrum, and Base SUSHI token holders can participate in governance through on-chain voting, stake tokens to earn protocol fees, and access various platform features. The architecture prioritizes security, composability, and cross-chain functionality, making it one of the most technically robust DEX platforms in the DeFi ecosystem.

Sushiswap has an ambitious roadmap for the future. In 2025, the team plans to launch several new products including Wara, Susa, Kubo, and Blade, all designed to enhance trading capabilities and expand market reach. These products will upgrade SUSHI's trading services and strengthen its position in the DeFi ecosystem. The development team is also implementing a multi-token ecosystem mandate to launch new products, with several expected to be ready by 2026. Additionally, Sushiswap aims to expand beyond its native Ethereum Virtual Machine (EVM) roots into new blockchain ecosystems like Solana. Currently ranked #406 with a price of $0.5459, Sushiswap continues to focus on improving its decentralized exchange services while exploring new opportunities in the DeFi space. The team's strategic expansion into multiple blockchains positions SUSHI for potential growth in the coming years.