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Sushi

Sushi SUSHI Price $ 1.12

Rank: 293

1823 Watchlists

DeFi

SUSHI Price

1.12
17.3%
(-$ 0.233)
Price Range
LowHigh
$ 1.04$ 1.36

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Funds and Backers

Wallets

No wallets found yet

Description

Sushi is an AMM-based decentralized exchange on several blockchains.

Sushi (SUSHI) Chart

The Sushi to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

SUSHI to USD Converter

Sushi (SUSHI)SUSHI

SUSHI Price Statistics

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Market Cap

$ 215.46M

FDV

$ 279.63M

ATH Market Cap

$ 3.78B

24 Trade Vol.

$ 88.30M


Vol. (24h) / MCap

0.410

Max Supply

SUSHI 250,000,000

Total Supply

SUSHI 250,204,042

Circulating Supply

SUSHI 192.79M

(77.1% of Max Supply)

Listing Date

31 Aug 2020

All Time High

$ 23.30

13 Mar 2021


All Time Low

$ 0.473

4 Nov 2020


From ATH

95.2%

From ATL

136.1%

Sushi Price Analysis

What is Sushi (SUSHI)?

SushiSwap was founded in 2020 and allows users to ​​swap, earn, stack yields, lend, borrow, and leverage on its decentralized community-driven platform. 

The software runs on Ethereum and, like Uniswap and Balancer, SushiSwap uses a collection of liquidity pools to achieve its goal. Users can first lock up assets into smart contracts. Traders then buy and sell cryptocurrencies from these liquidity pools, essentially swapping one token for another.

What are SushiSwap’s key features and how does it work?

Essentially, SushiSwap functions as a traditional centralized exchange by allowing users to buy and sell crypto assets. However, rather than relying on one central entity, SushiSwap deploys smart contracts to facilitate trades. Users can lock crypto on these smart contracts that can then be accessed by traders. 

Worth mentioning is that the fee traders pay to trade against locked assets is distributed to all of the network liquidity providers. It is distributed proportionally, based on the individual contribution to a pool. Providers are also rewarded with a percentage of the 100 daily minted SUSHI.

SushiSwap’s farming mechanism allows liquidity providers to contribute to SushiSwap pools. Liquidity providers can do this by connecting their Ethereum wallet to the SushiSwap farming software and then locking two assets into a smart contract. For example, SushiSwap’s USDT/ETH liquidity pool consists of equal values of USDT and ETH deposits. 

Buyers can then swap tokens within the pool based on the protocol’s rules. In order to keep the pool price stable, smart contracts running SushiSwap take the number of tokens from the buyer and send an equivalent amount of tokens back, keeping the total pool price constant.

Liquidity providers are able to claim their funds whenever they want, along with any cryptocurrency earned from the farming process, known as their “harvest”. Sushi’s SushiBar is a platform that allows users to stake their SUSHI to earn the xSUSHI token. This provides an alternative method for users to make further earnings.

Additionally, anyone holding a balance of the asset can propose changes to how it operates, and can vote on submitted proposals by other users. 

Where can you buy SushiSwap?

SushiSwap (SUSHI) can be bought from any of the CEXs and DEXs:

  • Sushiswap;
  • Binance;
  • Okex;
  • Coinbase;
  • FTX;
  • Huobi.

Sushi Price Today

Sushi's current price is $ 1.12, it has dropped -17.3% over the past 24 hours.

Sushi's All Time High (ATH) of $ 23.30 was reached on 13 Mar 2021, and is currently -95.2% down.

The current circulating supply of Sushi is 192.79 Million tokens, and the maximum supply of Sushi is 250.00 Million.

Sushi’s 24 hour trading volume is $ 88.30 Million.

Sushi's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 215.46 Million.

You can find more details about Sushi on its official website and on the block explorer.

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