Market Cap
$316,841,185.0
Fully Diluted Valuation
$461,826,087.9
24 Hour Trading Vol
$135,705,674.0
Circulating Supply
192,789,255.9
Total Supply
279,894,598.7
Max Supply
∞
SushiSwap Price
$1.65
24h Range
$1.44 - $1.68
Percent Change 1h
3.32%
Percent Change 24h
13.92%
Percent Change 7d
10.19%
All-time high
$23.38
All-time low
$0.453
1D
7D
1M
1Y
SushiSwap is a decentralized exchange (DEX) built on the Ethereum blockchain that facilitates automated trading of cryptocurrency through liquidity pools. Launched in September 2020 as a fork of Uniswap, it has grown to include additional features such as staking, lending, and yield farming. SushiSwap enables users to swap tokens without the need for a centralized intermediary, relying instead on smart contracts to execute trades. As of 2024, SushiSwap has over $1 billion in total value locked (TVL) across various blockchain networks, including Ethereum, Binance Smart Chain, and Polygon.
SushiSwap was co-founded by an anonymous developer known as "Chef Nomi" and a community of contributors. Chef Nomi initiated the project in September 2020, aiming to improve upon the functionalities offered by Uniswap. However, after a controversial exit from the project, Chef Nomi handed over control to the community and the SushiSwap governance token holders. This transition led to the formation of a decentralized autonomous organization (DAO) that oversees the platform's development and operations.
SushiSwap operates using an automated market-making (AMM) model, allowing users to trade tokens directly from their wallets. Users can provide liquidity to the platform by depositing pairs of tokens into liquidity pools, which are used to facilitate trades. In return for providing liquidity, users earn a share of the transaction fees generated by trades, as well as SUSHI tokens as rewards.
SushiSwap also features various functionalities, including:
SushiSwap serves several primary use cases in the decentralized finance (DeFi) ecosystem:
Ensuring safety while using SushiSwap involves several best practices:
Investing in SushiSwap (SUSHI) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy SushiSwap: Once your account is funded, you can purchase SushiSwap directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in SushiSwap using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
SushiSwap (SUSHI) is currently trading at $1.65 and exhibits good potential for future growth. Check the latest SushiSwap (SUSHI) price prediction.
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