Sushi Token (Ethereum)

SUSHI

SUSHI is the governance and revenue-sharing token for the Sushi ecosystem of products.

Risk Rating
Best
$1.08
2.11%
Summary
What we like
SUSHI accrues value from trades on its decentralized exchange. It is also used as the governance token for holders to vote on community proposals.
What we like less
SUSHI price has lost significant value since late 2021 given turnvoer within the core team and the platform's lack of a core focus.
What it means for you
Staking SUSHI (xSUSHI) enables you to earn 0.05% of all trading fees generated by the decentralized exchange platform.
Information
Blockchain
  • Ethereum
Key Metrics
  • Market Cap: $208.7M
  • Fully Diluted Valluation: $285.4M
  • FDV / MC: 1.4
  • Ranking inside Exponential (excluding stables): #51
  • Circulating Supply: 192,789,256
  • Total Supply: 263,554,192
  • Total Supply: 250,000,000
  • Volume (24H): $25.8M
  • ATH: $23.38 (03/13/2021)
  • ATL: $0.48 (11/04/2020)
Risk Assessment
Best
Asset Strength

SUSHI is a low-cap asset that represents the blockchain`s native currency or monetary fee used to execute transactions on the network. This asset is exposed to the underlying risks of Sushi, a protocol rated as Watch out.

Asset Tokenomics

SUSHI has a fixed supply.

Asset Volatility

SUSHI is highly correlated to the overall market.

Dependencies

Sushi

Things to know about SUSHI

What is SUSHI used for?

SUSHI is the governance and revenue-sharing token for the Sushi ecosystem. Stakers (xSUSHI) receive a portion of all exchange swap fees. Token holders can also partake in the protocol's governance process to vote on proposals and protocol-level changes.

SUSHI tokenomics

SUSHI initially launched with an inifinite supply. A subsequent governance proposal implemented a supply cap of 250M tokens, which is expected to be reach in November 2023. The token distribution follows a decaying emission model based on a set schedule until the supply cap is reached. Currently, ~6 SUSHI are minted per Ethereum block. The protocol allocates 10% of all protocol emissions to a multisig development fund.

How does SUSHI accrue value?

SUSHI collects a portion of all trading fees and distributes to xSUSHI stakers. The protocol deducts a 0.05% fee from every swap and allocates it to the xSUSHI pool. The amount of SUSHI relative to xSUSHI will decrease as xSUSHI appreciates in value over time.

SUSHI Pools
Sushi SUSHI-ETH Market Making
5%
Yield
$5M
TVL
Risk
B
Protocol
Sushi
Chain
Ethereum
Compound SUSHI Lending
0.7%
Yield
$121K
TVL
Risk
B
Protocol
Compound
Chain
Ethereum
Uniswap SUSHI-ETH Market Making 30bp
2.5%
Yield
$85K
TVL
Risk
B
Protocol
Uniswap V3
Chain
Ethereum