Gnosis Chain Ecosystem
Sushi (SUSHI) price has increased today.
The price of Sushi (SUSHI) is $1.28 today with a 24-hour trading volume of $53,049,844.61. This represents a 1.70% price increase in the last 24 hours and a 4.10% price increase in the past 7 days. With a circulating supply of 190 Million SUSHI, Sushi is valued at a market cap of $245,364,528.
What is Sushi?
Sushi is a DeFi protocol that is completely community-driven, serving up delicious interest for your held crypto assets.
On Sushi, you can take advantage of passive-income providing DeFi tools such as liquidity providing, yield farming and staking. Furthermore, due to the decentralized nature of being an AMM (Automated Market Maker), Sushi has fewer hurdles to execute your cryptocurrency trades and all fees are paid to the users who provided liquidity, just as it should be!
Sushi is host to many hidden gems that are unavailable on other, similar exchanges, so it is a great way to discover new, exclusive opportunities. Sushi, serving DeFi’s best!
What is the SUSHI token?
SUSHI is a governance token that enables community governance over the Sushi ecosystem. This means that SUSHI holders can use their tokens to vote for platform proposals to further ecosystem initiatives.
The SUSHI token can be farmed by participating in the yield farming program.
The SUSHI token may also be staked across various platforms such as Sushi's very own, SushiBar, or can be used as collateral on platforms such as Sushi's Yearn ecosystem partner, Aave.
Is SUSHI a good investment?
When Sushiswap was launched, the SUSHI token was traded as low as $0.50 each due to the incident of Chef Nomi, its creator leaving the project with the development fund. After that the project leadership shifted to 0xmaki and the community in which we saw the token trading at almost $23 at an all-time-high, which is a staggering 4600% ROI increase since the lows. While the token price is volatile as we see correctional waves due to speculation, the SUSHI token also extracts value from trading fees. That is, SUSHI holders can stake to redeem xSUSHI which entitles them to earn 0.05% for all trades on Sushiswap.
The History of Sushi
Sushi was announced in September of 2020 by an anonymous developer going by the name of, Chef Nomi. Upon its release, Sushi, also known as SushiSwap, attracted a lot of industry attention for labelling itself a community-driven AMM (Automated Market Maker). It was an exciting platform idea that spoke to the ethos of true decentralization.
Upon gaining quite a lot of traction in the DeFi community, Chef Nomi felt his work was done and made his exit by removing $14 million in SUSHI tokens from the Sushi development fund, which is the amount he personally felt he deserved for developing the platform. Many people felt this was in direct contrast to his community-driven platform vision, so he gave the funds back and asked the community to decide the amount he deserved.
When this event took place, many industry members believed that it had damaged Sushi’s reputation too much for the platform to continue. However, an early Sushi believer, 0xMaki, stepped up to fill the empty role of Sushi lead and built the platform to incredible heights, even overtaking Uniswap in total platform liquidity on more than one occasion. Due to this unbelievable comeback, many people admire the Sushi community and team for growing the platform back and beyond the platform it was in its early days.
Sushi, still led by 0xMaki, now has a bigger team than ever, of talented individuals, creating innovative products such as BentoBox, Kashi, MISO, Mirin and Shoyu. Sushi's history has only just begun.
Where can you buy Sushi?
SUSHI tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Sushi is Bitget, where the most active trading pair SUSHI/USDT has a trading volume of $203,746.32 in the last 24 hours. Other popular options include Binance and DigiFinex.
What is the daily trading volume of Sushi (SUSHI)?
The trading volume of Sushi (SUSHI) is $52,712,406.45 in the last 24 hours, representing a -29.10% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Sushi (SUSHI)?
The highest price paid for Sushi (SUSHI) is $23.38, which was recorded on Mar 13, 2021 (over 2 years). Comparatively, the current price is -94.60% lower than the all-time high price.
What is the all-time low for Sushi (SUSHI)?
The lowest price paid for Sushi (SUSHI) is $0.475381, which was recorded on Nov 04, 2020 (about 3 years). Comparatively, the current price is 167.70% higher than the all-time low price.
What is the market cap of Sushi (SUSHI)?
Market capitalization of Sushi (SUSHI) is $245,364,528 and is ranked #182 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SUSHI tokens (190 Million tokens are tradable on the market today).
What is the fully diluted valuation of Sushi (SUSHI)?
The fully diluted valuation (FDV) of Sushi (SUSHI) is $318,436,815. This is a statistical representation of the maximum market cap, assuming the maximum number of 250 Million SUSHI tokens are in circulation today. Depending on how the emission schedule of SUSHI tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Sushi compare against its peers?
With a price increase of 4.00% in the last 7 days, Sushi (SUSHI) is outperforming the global cryptocurrency market which is up 2.50%, while outperforming when compared to similar Polygon Ecosystem cryptocurrencies which are up 0.00%.
What is the market sentiment of Sushi today?
The community is bullish as more than 72% of users are feeling good about Sushi (SUSHI) today.
How to add Sushi (SUSHI) to MetaMask?
Adding Sushi (SUSHI) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SUSHI as a token. You can copy SUSHI’s contract address (0x6b3595068778dd592e39a122f4f5a5cf09c90fe2) and import it manually, or if you've installed MetaMask's chrome extension, add SUSHI to MetaMask with one click on CoinGecko.
Add SUSHI to MetaMask.
