SushiSwap (SUSHI)

Community-owned DEX. Trade, lend, earn.

What is SushiSwap?

SushiSwap is a community-run decentralized exchange and DeFi platform. It started as a fork of Uniswap in 2020 but has grown into a multi-chain ecosystem offering swaps, lending, yield farming, and more. Unlike Uniswap, which is governed by Uniswap Labs, SushiSwap is fully community-governed through the SUSHI token.

SUSHI holders vote on protocol upgrades, fee structures, and treasury management. Staking SUSHI in the SushiBar earns you xSUSHI, which accrues a share of trading fees from the entire platform. The more trading volume, the more value xSUSHI accumulates.

SushiSwap operates on Ethereum, Polygon, Arbitrum, Optimism, Binance Smart Chain, Avalanche, and more. It offers one of the widest ranges of DeFi products under one brand, making it a one-stop shop for decentralized finance.

How SushiSwap Works

SushiSwap uses the same automated market maker model as Uniswap: liquidity providers deposit token pairs into pools, and traders swap against those pools. Liquidity providers earn trading fees proportional to their share of the pool. SUSHI tokens are distributed as rewards to incentivize liquidity. You can stake SUSHI in the SushiBar to receive xSUSHI, which appreciates in value as the protocol collects trading fees. Think of xSUSHI as a dividend-paying version of SUSHI — the more the platform is used, the more your xSUSHI is worth when you unstake.

SushiSwap Ecosystem

AMM swaps across 15+ blockchains
Kashi — isolated lending and margin trading markets
Trident — next-gen AMM with custom pool types
SushiBar staking for xSUSHI and fee share
Onsen — liquidity mining incentive programs

Team & Development

SushiSwap was created in August 2020 by the pseudonymous Chef Nomi and 0xMaki. The project launched as a community-driven fork of Uniswap, attracting billions in liquidity through an aggressive incentive campaign. After early controversy, Chef Nomi stepped away, and the project became fully community-governed. Today, SushiSwap is maintained by elected contributors and governed by SUSHI token holders.

Frequently Asked Questions

What is the difference between SUSHI and xSUSHI?

SUSHI is the governance and incentive token. xSUSHI is what you get when you stake SUSHI in the SushiBar. xSUSHI accrues value from trading fees — when you unstake, you receive more SUSHI than you deposited. Think of xSUSHI as interest-bearing SUSHI.

Why use SushiSwap instead of Uniswap?

SushiSwap offers more features: lending (Kashi), staking rewards (xSUSHI), and wider multi-chain support. It's also fully community-governed. Some users prefer Uniswap for its simplicity and deep liquidity on Ethereum. Both are solid choices.

Where do I store SUSHI?

SUSHI is an ERC-20 token on Ethereum and exists on multiple chains via bridges. Use MetaMask, Trust Wallet, Ledger, or any compatible wallet.

Can I sell or swap SUSHI?

Yes. Swaps supports selling SUSHI for fiat and swapping it for other tokens.

Buy SushiSwap on Swaps

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