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SushiSwap

SushiSwap priceSUSHI

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SUSHI
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1 SUSHI = 0.9513 USD
Last updated 2024-04-19 13:20:11(UTC-0)

SushiSwap price live data summary

The live price of SushiSwap is $0.9513 per (SUSHI / USD) today with a current market cap of $224.63M USD. The 24-hour trading volume is $50.27M USD. SUSHI to USD price is updated in real time. SushiSwap is -1.32% in the last 24 hours. It has a circulating supply of 236,122,080 .

What is the highest price of SUSHI?

SUSHI has an all-time high (ATH) of $23.38, recorded on 2021-03-13.

What is the lowest price of SUSHI?

SUSHI has an all-time low (ATL) of $0.4737, recorded on 2020-11-04.

SushiSwap price prediction

Set your prediction

When is a good time to buy SUSHI? Should I buy or sell now?

When deciding whether to buy or sell SUSHI, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget SUSHI technical analysis can provide you with a reference for trading.
According to the SUSHI 4h technical analysis, the trading signal is Sell.
According to the SUSHI 1d technical analysis, the trading signal is Sell.
According to the SUSHI 1w technical analysis, the trading signal is Strong sell.
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SushiSwap price performance in USD

24h7d30d90d1yAll-time
-1.32%-29.20%-41.89%-11.44%-14.16%-72.36%

SushiSwap price history in USD

TimeLowHigh
24h$0.8755$0.9899
7d$0.7775$1.12
30d$0.7775$1.92
90d$0.7775$2.14
1y$0.5247$2.14
All-time$0.4737(2020-11-04, 3 years ago )$23.38(2021-03-13, 3 years ago )

SushiSwap market information

Market cap
$224,628,049.18
-1.32%
Fully diluted market cap
$238,024,516.9
-1.32%
Volume (24h)
$50,271,673.87
+42.77%
Market rankings
Circulation rate
+94.00%
24h volume / market cap
0.2237
Circulating supply
236,122,080 SUSHI
Total supply / Max supply
250,204,041.9 SUSHI
-- SUSHI

SushiSwap ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About SushiSwap(SUSHI)

What Is SushiSwap?

SushiSwap is a decentralized exchange (DEX) platform built on the Ethereum blockchain, offering users a space to buy, sell, and trade a variety of crypto assets. Initially conceived as a fork of the renowned Uniswap protocol, SushiSwap has carved out its own identity in the crypto space, providing a modern automated market maker (AMM) model that enhances the efficiency of trading mechanisms. This platform has undergone significant development since its inception, focusing on optimizing its decentralized exchange functionalities and expanding support for multiple chains and layer 2 solutions.

The platform was launched in August 2020 by an anonymous creator known as Chef Nomi, who utilized Uniswap's open-source code to create a new DEX protocol that aligns with his vision. Despite facing initial hurdles, including concerns over the founder cashing out a substantial amount of SUSHI tokens, the platform has managed to grow exponentially, attracting a significant volume of crypto trading. Governed by a decentralized autonomous organization (DAO), SushiSwap empowers SUSHI token holders to participate in the decision-making process, fostering a community-driven approach to development and improvements.

Resources

Official Documents: https://docs.sushi.com/pdf/whitepaper.pdf

Official Website: https://www.sushi.com/

How Does SushiSwap Work?

At the core of SushiSwap's operation is its AMM system, a network of smart contracts that facilitate the swapping of digital assets through liquidity pools. Unlike traditional markets that rely on order books to set buy and sell orders at specific prices, SushiSwap operates through the creation of liquidity pools where assets are provided by liquidity providers (LPs). These LPs lock equivalent values of two tokens into a pool, receiving LP tokens in return, which denote their stake and allow them to collect a portion of the trading fees generated by swaps.

In a bid to enhance its functionalities, SushiSwap introduced cross-chain swaps in 2022, powered by the Stargate protocol. This feature allows users to swap assets between different chains or layer 2 solutions, serving as a bridge that facilitates asset swapping with added functionalities. Furthermore, the platform offers a service called Furo, a platform designed to streamline token payments and control token vesting, offering efficiency and decentralization in rewarding contributors in DAOs.

What Is SUSHI Token?

The SUSHI token is the governance token that enables holders to vote on proposals and make changes to SushiSwap. Initially based on the Ethereum blockchain adhering to the ERC-20 token standard, SUSHI has undergone several proposed redesigns to enhance its tokenomics, including the introduction of time locks on xSUSHI staking and variable fee burning mechanisms. SUSHI tokens can be acquired through market purchases or "farming" by being active on the platform, such as providing liquidity.

SushiSwap's Impact on Finance

SushiSwap stands as a testament to the transformative power of decentralized finance, offering users a peer-to-peer marketplace devoid of intermediaries. Its community-driven approach and innovative features like cross-chain swaps signify a shift towards a more inclusive and efficient financial ecosystem. As SushiSwap continues to evolve, it holds the potential to redefine the paradigms of financial transactions, fostering a space where users can engage in secure, decentralized, and seamless crypto trading.

What Determines SushiSwap's Price?

In the ever-evolving landscape of the cryptocurrency market, discerning the factors that determine the SushiSwap price is crucial for both beginners and seasoned cryptocurrency enthusiasts. As with other tokens, the SUSHI token price is significantly influenced by a myriad of factors that are often analyzed by cryptocurrency experts and influencers to make informed predictions. Cryptocurrency analysis, which encompasses reviewing cryptocurrency charts and employing various cryptocurrency trading strategies, plays a pivotal role in understanding the potential trajectory of the SushiSwap price in 2023 and beyond.

Cryptocurrency news is a vital resource that can shed light on the potential fluctuations in the SushiSwap price. Events in the cryptocurrency market, such as regulatory developments, shifts in cryptocurrency adoption rates, and updates from cryptocurrency exchanges such as Bitget, can have a substantial impact on the token's price. Moreover, the broader trends in the crypto community, including sentiments expressed in cryptocurrency events and forums, can influence investor behavior, thereby affecting the cryptocurrency price. As the best investment for 2023, many are eyeing tokens like SushiSwap, which necessitates a deep understanding of the cryptocurrency market dynamics and potential cryptocurrency risks involved.

How to buy SushiSwap (SUSHI)

Buying SushiSwap on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy SushiSwap (SUSHI) .

Trade SUSHI perpetual futures

After having successfully signed up on Bitget and purchased USDT or SUSHI tokens, you can start trading derivatives, including SUSHI futures and margin trading to increase your income.

The current price of SUSHI is $0.9513, with a 24h price change of -1.32%. Traders can profit by either going long or short onSUSHI futures.

Join SUSHI copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or SUSHI tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of SushiSwap.

What is the current price of SushiSwap?

We update our SushiSwap to USD price in real time. Get the live Price of SushiSwap on Bitget.

What is the 24 hour trading volume of SushiSwap?

Over the last 24 hours, the trading volume of SushiSwap is $50.27M.

What is the all-time high of SushiSwap?

The all-time high of SushiSwap is $23.38. This all-time high is highest price for SushiSwap since it was launched.

Can I buy SushiSwap on Bitget?

Yes, SushiSwap is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy SushiSwap guide.

Can I get a steady income from investing in SushiSwap?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy SushiSwap with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is SushiSwap (SUSHI) a good investment?

SushiSwap, a prominent DEX protocol, has seen its native token, SUSHI, garner attention and exhibit robust performance since its introduction. It’s a considerable addition to a crypto portfolio for those anticipating growth in the DeFi market. The platform offers unique features like liquidity provision and token swapping, which can enhance its appeal to investors and uphold SUSHI’s market value. Shifts in regulatory landscapes and technological advancements play a pivotal role in influencing the adoption and performance of decentralized platforms like SushiSwap. Announcements of crypto-friendly regulations or introduction of new features can bolster investor confidence and potentially fuel an uptrend in SUSHI’s valuation.

What is SUSHI price prediction?

Predicting SUSHI's exact price is challenging, but various factors can influence its volatility and value. User adoption and activity on SushiSwap are pivotal for SUSHI's demand and price, with increased liquidity and trading volume potentially boosting its value. Overall market sentiment, developments in the DeFi sector, and trends within the broader DeFi ecosystem also play crucial roles in shaping SUSHI's price. Additionally, SUSHI’s tokenomics and governance-related decisions can impact its perceived value. Positive advancements and crypto-friendly regulatory changes can enhance investor confidence and contribute to SushiSwap’s price growth.

What is the use case of SUSHI token?

SUSHI serves multiple functions within the SushiSwap protocol: Governance Rights: Holders can participate in decision-making regarding developments, upgrades, and fee structures. Incentives for Liquidity Providers: SUSHI offers various rewards and incentives, including yield farming, to those providing liquidity. Revenue Share: Token holders earn a portion of transaction fees generated on the platform. Collateral Utility: SUSHI can be used as collateral for borrowing and lending on certain DeFi platforms. Trading or Holding: Users can trade SUSHI against different cryptocurrencies, hold it for long-term potential, and must conduct due diligence due to crypto market risks. This multifunctional approach underlines SUSHI’s integral role in SushiSwap and highlights its utility in the broader DeFi sector.

How to use Sushiswap?

Here's a guide on utilizing SushiSwap: Access the SushiSwap platform through its app or website. Link your digital wallet, verifying there’s sufficient Ethereum (ETH) to handle the necessary transaction gas fees. Pick the token you wish to exchange and input the amount you want to swap. Alternatively, select "Max" to exchange the total available quantity of the chosen token. Next, determine the token you aim to receive. Go over the details of the transaction, taking note of the anticipated gas fees. Approve the transaction, and it will be processed on the Ethereum blockchain.

How does SushiSwap make money?

SushiSwap generates revenue and allows users to earn money through various mechanisms. Here are some ways to make money on SushiSwap: Liquidity Provisioning SushiSwap operates based on automated market maker (AMM) technology. You can become liquidity providers by depositing your cryptocurrency assets into liquidity pools. In return, you will receive LP (liquidity provider) tokens representing your share of the pool. These LP tokens can be staked or used in yield farming to earn additional rewards, including SUSHI tokens. Transaction Fees SushiSwap charges a small fee of 0.3% on each trade conducted on the platform. A portion of these transaction fees is distributed to liquidity providers in proportion to their contribution to the liquidity pool. By providing liquidity, you can also earn a share of the trading fees generated by the platform. Holding and Staking SUSHI Holding and staking the SUSHI governance token can also provide opportunities for earning money. As a SUSHI token holder, you may receive rewards through incentive programs, staking mechanisms, or participation in governance-related activities. Yield Farming SushiSwap allows you to engage in yield farming, which involves depositing assets into specific pools to earn additional rewards. These rewards can be in the form of SUSHI tokens, other tokens, or a combination of both. Yield farming enables you to maximize returns by participating in various farming strategies offered by SushiSwap.

How to add SushiSwap (SUSHI) to MetaMask?

MetaMask stands as one of the leading DeFi wallets in the cryptocurrency market. To integrate the SushiSwap (SUSHI) token into MetaMask, execute the following steps: Add the MetaMask wallet extension to your web browser. If you're a first-time user, set up an account and organize your wallet. Activate the MetaMask extension by clicking its icon on your browser's toolbar, opening the wallet interface. Navigate to the SushiSwap application and click "Connect Wallet" located in the upper right corner. From the available wallet options, choose "MetaMask". A pop-up window from MetaMask will emerge. To link MetaMask with SushiSwap, press the "Connect" button found within this window. Subsequently, your wallet address will be displayed in the top right section of the SushiSwap platform.
Cryptocurrency investments, including buying SushiSwap online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy SushiSwap, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your SushiSwap purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

Trade

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SUSHI is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support SUSHI trades.
You can trade SUSHI on Bitget.

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