• Buy
  • Prices
  • Coins
  • Earn
Start now

Sushiswap: everything you need to know about SUSHI

Axel van den Boogaard

Axel has been immersing himself in the world of crypto and blockchain for quite some time, which he then translates into understandable articles.

Sushiswap facts






Chef Nomi, sushiswap, 0xmaki




Automated Market Maker

Launch date

September 2020

Invest in SushiSwap today

Get started with BLOX and buy your favourite coins easily and quickly.

Get started

What is Sushiswap?

SushiSwap is a decentralized cryptocurrency trading platform built on the Ethereum blockchain. It is a decentralized exchange (DEX) that utilizes an automated market maker system. Liquidity is provided by users who stake their cryptocurrencies as collateral to facilitate trading. SushiSwap originated in 2020 as a fork of the popular Uniswap trading platform and has since gained rapid popularity within the DeFi (Decentralized Finance) community. The platform offers a wide range of trading pairs and allows users to maintain control of their funds, ensured by the execution of all transactions through smart contracts on the Ethereum blockchain.

How does SushiSwap work?

SushiSwap functions as a cryptocurrency exchange on the Ethereum network, employing an automated market maker (AMM) model. It uses smart contracts to enable traders to transact in cryptocurrencies without the need for intermediaries. SushiSwap operates with an automated liquidity protocol that allows users to deposit their crypto assets as liquidity in a pool. These pools are then used to execute trades, enabling traders to transact at the most current market prices. SUSHI is the native cryptocurrency of SushiSwap, and it rewards users for their contributions to the protocol's operation.

The SUSHI token

The native cryptocurrency of the SushiSwap ecosystem is the SUSHI token. SUSHI is an ERC-20 token and is used as a reward for liquidity providers on the platform. Users earn SUSHI tokens by offering their funds to various trading pairs on the DEX. The reward in SUSHI tokens depends on the amount and duration of the provided liquidity.

Additionally, token holders can participate in governing the SushiSwap protocol, allowing them to propose changes to the protocol and vote on important decisions regarding the platform.

SUSHI tokens can be traded on various cryptocurrency exchanges and can be stored in any Ethereum-compatible wallet.

The Technology Behind SUSHI

The technology behind SUSHI is decentralized and built on the Ethereum network. It employs an automatic market maker system, where the price of a token is determined by the ratio of that token to another token within a pool. SushiSwap bears resemblance to Uniswap but offers additional features such as funds for specific projects and a governance token for making decisions about the platform.

The technology behind SushiSwap comprises three key components: smart contracts, the interface, and the community.

  • Smart Contracts: SushiSwap's smart contracts form the core of the trading platform. This includes the automated market maker algorithms that determine token prices, the pools used to manage token liquidity, and the governance mechanisms for making decisions about the platform.
  • Interface: The interface provides users with access to the functionality of the smart contracts. Users can create liquidity pools, trade tokens, and participate in platform governance. SushiSwap has an intuitive interface that is user-friendly, making the platform accessible to both beginners and experienced users.
  • Community: The SushiSwap community is a vital part of its technical architecture. The platform has an active community of developers, users, and token holders who contribute to the development and growth of the platform.

The Sushiswap ecosystem

The SushiSwap ecosystem is built on the Ethereum blockchain and includes various components and players:

  • Swaps: SushiSwap enables the exchange of cryptocurrencies through its automated market maker (AMM) system. Users can trade tokens without the involvement of a central party. The AMM system uses smart contracts to determine token prices based on supply and demand ratios.
  • Liquidity Pools: SushiSwap relies on liquidity pools to provide liquidity for the AMM system. Users can add tokens to liquidity pools and are rewarded with SUSHI tokens for their contributions. Liquidity providers also receive a share of the trading fees generated by the liquidity pool.
  • SUSHI Token: The SUSHI token is the native cryptocurrency of the SushiSwap ecosystem. It is used to facilitate transactions and as a reward for stakers and liquidity providers. SUSHI tokens are also utilized for governance decisions within the SushiSwap ecosystem.
  • Staking: Users can stake SUSHI tokens to contribute to the security and decentralization of the network. By staking SUSHI tokens, users can earn rewards in the form of additional SUSHI tokens.
  • SushiBar: SushiBar is a yield farming program within the SushiSwap ecosystem. Users can stake SUSHI tokens to access various DeFi products and services and are rewarded with SUSHI tokens for their participation.
  • DApps: More decentralized applications (DApps) are being developed on the SushiSwap network, including lending protocols and prediction markets. These DApps leverage the liquidity and interoperability of the SushiSwap network, granting users access to DeFi applications.


Buy Sushiswap
About us

Benefits of Sushiswap

Investors are attracted to SushiSwap due to several advantages:

  • Over 100 available ERC-20 trading pairs.
  • A wide range of financial services and applications.
  • A highly user-friendly platform.
  • Diverse reward programs.
  • A strong community.

Drawbacks of Sushiswap

Investors considering SushiSwap should be aware of the following disadvantages:

  • Relatively high transaction costs.
  • Some DeFi applications may require prior knowledge.
  • High competition from similar platforms.

Who is the founder of Sushiswap?

SushiSwap was created in 2020 by an anonymous individual or group known as 'Chef Nomi,' along with co-founders 'sushiswap' and '0xMaki.'

The founding team copied the open-source code of Uniswap to lay the foundation for SushiSwap.

Price forecasts

In 2026 experts expect a minimal price of €3.24 and a minimal price of €10.75 in 2031.

Good time to get in?

View all key statistics of the past 24 hours here.

Market information

Use these figures to get a better picture of the SushiSwap market.

SUSHI Return On Investment

See how much the price has risen or fallen over the years.

Historical Sushiswap price

Here you can see Sushiswap's daily prices, trading volume and market cap. Looking for a specific date? You can fill in the range all you want. Maybe you'll spot the one trend!

A video explanation of SushiSwap

Ready for take-off?

Get started with BLOX and buy your favourite coins easily and quickly.

Get started now