Sushi Token (Ethereum)
SUSHI is the governance and revenue-sharing token for the Sushi ecosystem of products.
Ready to earn 15% yield or more with Exponential ?
- Ethereum
- Community
- Discord
- Website
- Contract address
- Contract address
- Asset Type: ERC-20
- Market Cap: $309M
- Fully Diluted Valluation: $447.5M
- FDV / MC: 1.4
- Ranking inside Exponential (excluding stables): #47
- Circulating Supply: 192,789,256
- Total Supply: 279,146,248
- Volume (24H): $289.3M
- ATH: $23.38 (03/13/2021)
- ATL: $0.45 (08/05/2024)
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.
SUSHI has a fixed supply.
SUSHI is highly correlated to the overall market.
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.
