### What is Sushi?
Sushi is a decentralised exchange (DEX) known as SushiSwap. It enables users to swap cryptocurrency assets without relying on an intermediary, using automated market making technology to facilitate transactions. It's recognised for its extensive deployment on over 30 blockchains, making it a flexible platform in the decentralized finance (DeFi) sector.

### How does Sushi work?
Sushi operates as an automated market maker (AMM) on the Ethereum blockchain and other layer 1 networks. It uses smart contracts to execute trades and manage liquidity pools that users can provide liquidity to in exchange for receiving a share of the trading fees. These pools support the AMM mechanism by providing the necessary liquidity for users to trade tokens. SushiSwap employs an algorithm to automate the pricing of these tokens based on supply and demand dynamics within the pools.

### What are the potential use cases for Sushi?
SushiSwap provides several use cases:
- **Decentralised Trading**: Users can trade cryptocurrencies across multiple blockchain networks.
- **Yield Farming**: Participants can earn interest by providing liquidity to pools.
- **Voting and Governance**: Holders of SUSHI tokens can participate in governance decisions that influence the direction and operations of the Sushi platform.
- **Cross-Chain Functionality**: With SushiXSwap, it supports cross-chain swaps, enabling asset exchanges across different blockchain networks.
- **Lending and Borrowing**: Through its Kashi Lending platform, Sushi allows users to lend tokens and earn interest, or borrow, with the flexibility of isolated risk markets.

### What is the history of Sushi?
SushiSwap was launched in August 2020 as a fork of the Uniswap protocol by developers known as Chef Nomi, Sushiswap, and 0xMaki. It gained notoriety early on when Chef Nomi controversially withdrew funds from the development pot but later returned them. Governance control was handed over to Sam Bank-Fried, CEO of FTX and Alameda Research. Despite initial hurdles, SushiSwap grew rapidly, implementing new features and solidifying its status within the DeFi ecosystem as a robust, community-driven platform.

Sushi

Decentralised Exchange Tokens

Uniswap

Aave

Rocket Pool ETH

NEXO

PancakeSwap

Lido DAO

Injective

Curve DAO

Pendle

Sun Token

JUST

Raydium

Olympus

DeXe

Compound

Synthetix Network

Fluid

Sushi (SUSHI)

Similar Coins

DAI

UNI

AAVE

RETH

NEXO

CAKE

LDO

INJ

CRV

PENDLE

SUN

JST

RAY

OHM

DEXE

COMP

SNX

FLUID

Resources

Sushi (SUSHI) Price Index

Sushi Price

Trading volume

Market cap

Resources