SushiSwap
SUSHI
Crypto
Governance
USD 1.50+3.92%
SushiSwap
UMushroom community rating:
About
Governance
Categoryn/a
Consensus MechanismL2
L1/L2n/a
Sub-cateegoryethereum
Ecosystem2020
Year of creation
Description
SushiSwap (SUSHI) is a Governance crypto token. SushiSwap was founded on 2020-08-28 on the ETHEREUM ecosystem. More information can be found at https://sushi.com/.
Key Technical Advantages:
Decentralized Exchange (DEX): Sushi operates primarily as a decentralized exchange, allowing users to trade cryptocurrencies directly without the need for a central operator. It uses Automated Market Maker (AMM) protocols to facilitate these trades, differing from traditional exchanges that use order books. Multichain Exchange (SushiXSwap): Sushi has launched SushiXSwap, a multichain exchange, which enables users to bridge and trade tokens across multiple chains like Ethereum, Optimism, Arbitrum, Fantom, Binance Chain, Avalanche, and Polygon. This system simplifies the process of transferring assets between different blockchains, making it more user-friendly and efficient. Yield Instruments (Onsen): Sushi also provides yield farming opportunities through its Onsen feature. Users can stake their liquidity provider (LP) tokens in specific pools to earn rewards, increasing the incentives for users to provide liquidity to the platform. Base Vault (BentoBox): Sushi has developed a token vault called BentoBox, which not only enables users to earn yield passively on their deposited assets but also allows developers to build decentralized applications (dApps) within the vault. The design of BentoBox helps in reducing gas fees and improving capital efficiency. Decentralized Governance: Sushi implements a decentralized governance system, where $SUSHI token holders can vote on significant changes to the platform. This approach ensures the platform remains community-driven and democratic. Content summarized by AI chatbotSource:
https://docs.sushi.com/pdf/whitepaper.pdfKey figures
33.3%1Y
-71.0%3Y
-91.2%5Y
Performance
1/ 11D
2/ 01M
2/ 01Y
Highs/ Lows
30.08.2022
USD 23.05
All Time High
6.51%
% of All Time High
-98.00%All Time
-51.75%1 year
Max drawdown
#172
Ranking by Market Cap
414.80 M
Market cap (USD)
0.00%
% of Market
40.793 B
Category Market Cap (USD)
1.02%
% of Category
279146247
Circulating Supply
262585532
Liquid Supply
94.07%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
197091075
Volume Traded
57.47%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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