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Choose your quick section of our SushiSwap review below.
A Quick Overview of our SushiSwap Review:
SushiSwap was launched in September 2025 as the result of a fork in Uniswap. Uniswap is synonymous with the decentralised finance (DeFi) movement and known for a trading boom in DeFi tokens, such as SushiSwap and others.
SushiSwap Live Price
What is SushiSwap?
SushiSwap is an automated market maker (AMM) cryptocurrency platform. SushiSwap is also a decentralised exchange that uses smart contracts to create new markets where different pairs of tokens can be traded.
Key Features and Takeaways of SushiSwap
SushiSwap is one of the top cryptocurrency projects and platforms in the industry. The following key features are associated with SushiSwap:
SushiSwap was launched in September 2025 as the result of a fork in Uniswap. Uniswap is synonymous with the decentralised finance (DeFi) movement and known for a trading boom in DeFi tokens, such as SushiSwap and others.
SushiSwap was established by a pseudonymous entity who is only known as “Chef Nomi”. There is truly little known about this entity or their impetus for forking from Uniswap.
In addition to Chef Nomi, SushiSwap has two other pseudonymous co-founders, known as “sushiswap” and “0xMaki”, more commonly known as “Maki”. Between these three founders, the code, product, development, and business operations are managed.
The aim behind SushiSwap is to diversify the AMM market, adding additional features which cannot be found on Uniswap, including increased rewards for network participants through the native token, SUSHI.
There is automated trading liquidity set for SushiSwap between various currencies pairs being traded on the platform. The main audience of SushiSwap consists of DeFi traders along with associated entities who want to capitalise on the boost in SushiSwap’s tokens and to create liquidity.
SushiSwap aims to improve the offerings of Uniswap by increasing the impact that users can have on the operations and future of the platform.
SushiSwap is also a decentralised exchanged, or DEX, and in comparison, with conventional exchanges, DEXes such as SushiSwap function in a significant way. Instead of having a peer-to-peer (P2P) network or order book, Sushiswap makes use of the automated market maker function to automatically assign buyers and sellers, and to determine the pricing.
The token swapping protocol of SushiSwap is not just compatible with Ethereum, but several other blockchains. SushiSwap is a multi-chain network, allowing users to trade assets between different blockchains.
Users can participate in the network by providing liquidity to the SushiSwap exchange. When users contribute to liquidity, they are paid a fee of 0.25% that is collected from the transaction fees when trades are executed.
SushiSwap has an “Onsen Program” which is a yield aggregator service which allows DeFi projects to farm liquidity, or accrue it, through SushiSwap.
SushiSwap has a native service called Kashi that offers lending markets and leveraged trading. Users can lend their assets to other users and an algorithm will set the interest, providing lenders with a yield in return.
Users can stake xSUSHI through SushiBar, earning users 0.05% fees which are collected from all swaps on SushiSwap.
Users can use BentoBox, which is another service offered by SushiSwap. On this service, users can build mini DApps, and they can be natively integrated on-chain with SushiSwap.
SUSHI, the native token of SushiSwap, is used as a governance token. SUSHI represents shares that users can propose and use to vote so that protocol changes can be made.
SushiSwap Mining
SUSHI, unlike other tokens such as Ethereum, Bitcoin, Litecoin, and several others, cannot be mined. However, users have the option of staking SUSHI tokens in the SushiBar. Users who stake their tokens have a chance to earn more SUSHI through the SushiBar by following these steps:
Users can visit the official SushiSwap website and create a wallet on the exchange.
The user can navigate to “SushiBar” and view the details regarding staking.
Users will see the option to “Approve SUSHI” and once selected, the user must complete their transaction using Metamask or their native SUSHI wallet.
Once approved, the user will see the option to “Convert to xSUSHI” that will convert SUSHI to xSUSHI, which is staked SUSHI.
Another window will appear, and the user can enter the amount that they wish to stake. The user can enter their amount and select “Confirm”.
After completing the transaction, the user will see their xSUSHI available. The amount of xSUSHI will not change, however, the amount of SUSHI that it represents will change over time.
In addition to staking, users can earn rewards by providing liquidity to the SushiSwap exchange. Users who enlist to become liquidity providers can earn 0.25% from trading fees on the platform. Users can do this by depositing equal amounts of two cryptocurrencies into an existing pool on SushiSwap, or by creating their own pool.
Liquidity Providers are given SushiSwap Liquidity Pool tokens (SLP) that have the same features as Uniswap’s LP tokens. The SLP tokens that SushiSwap gives LPs can be staked to earn various amounts of annual interest, giving users another way to earn a ROI.
Pros and Cons
✔️Pros | ❌Cons |
---|---|
SushiSwap has more than 100 ERC20 trading pairs on the exchange | There are high gas fees associated with SushiSwap, a problem that all other Ethereum AMMs face |
There are several SUSHI-based initiatives involving swapping, farming, liquidity pools, staking, and more | SushiSwap can be difficult to navigate for beginners |
The SushiSwap exchange is easy to navigate and use | There are some security concerns with the exchange |
Transaction Fees
Type of Fee | Information |
---|---|
Trading Fees | 0.3% |
Withdrawal Fees | 5.6 SUSHI |
Should you buy SushiSwap?
According to the historical data of SUSHI and SushiSwap along with the volatile nature of cryptocurrencies, and the turbulent history of the exchange, SushiSwap and its native token are a good investment option.
SUSHI is currently one of the most traded tokens on major exchanges, falling within the top 100. A factor that makes SushiSwap worth the investment is its association with Uniswap, an exchange which has already made a name for itself.
Apart from these factors, SushiSwap incorporates a plethora of services and solutions, giving users several functionalities and options on the exchange. There is also a lot of effort in offering users with a way to make a return on their investment through staking of xSUSHI and providing liquidity.
How to buy SushiSwap (SUSHI)
Step 1 – Register an account with Gate.io
Navigate to the official Gate.io website and select the option to “Sign Up” from the homepage.
Complete the online registration form by providing country/region, a selected username, email address, and user-selected password. Read and accept the User Agreement and Privacy and select “Next”.
Create a fund password and select “Create Account”. Complete the “I am not a robot” reCAPTCHA. Check your email inbox for the activation email and click on the link in the email. If the link does not work, you can copy and paste the URL into your browser.
Log into your account using your credentials and complete the reCAPTCHA.
Check your email again for the verification email that contains the 6-digit code and click on “Confirm”. Enter the code that you received into the blocks provided and select “Log In” to proceed.
Before you can use the platform to purchase SushiSwap/SUSHI and other cryptocurrencies on Gate.io, you must complete the “Know Your Client” or KYC procedure to verify your identity and your proof of residence.
Click on “KYC Now” at the bottom of the webpage to start the process.
Select whether you are an individual or an organisation by selecting “Verify Now” under the relevant option.
Select your country from the dropdown list, enter your full name followed by confirmation thereof. Select your ID document type and provide your ID Number as shown on your official ID Document.
Click on the first image to upload a clear photo of the front of your ID document followed by a clear photo of the back of the document.
Next, write your Gate.io unique ID on a piece of paper and take a photo of yourself holding up your identity document (front) and the paper containing your unique ID.
Once you have done this, click on “Confirm and Submit”.
Next, you must enable the Timed One-Time Password (TOTP) to be able to log into your account. This can be done by clicking on “Set Now” at the bottom of the page.
On the new page that loads, select “Click here” to set up Two-factor Authentication.
Download Google Authenticator onto your mobile device by making use of any of the abovementioned methods.
Follow the steps indicated to add your Gate.io account by scanning the QR code or entering your unique key.
Enter the TOTP, your fund password, and the code sent to your email address and select “Enable Two-factor Authentication”. With this setup, you must use the Google Authenticator app to sign into your account every time.
Step 2 – Deposit funds
You must note that Gate.io is only a crypto-to-crypto exchange which means there is no fiat gateway. The only way through which funds can be added, is to transfer an existing crypto into your Gate.io wallet.
SUSHI can only be bought through Tether/USDT or Bitcoin/BTC while it can be traded with USD as a futures contract.
Navigate to the deposit/withdrawal section by hovering over your account and selecting the relevant option. Choose from the list of coins in which you can make a deposit and select “deposit” next to the appropriate coin.
You will be redirected to a page which generates a deposit address for the coin that you wish to deposit.
Copy this address, or scan the QR code, into the wallet where you are making a withdrawal from and depositing to Gate.io and wait for the relevant blockchain to confirm your transaction. Once the transaction has been completed and verified by the nodes on the chain, the coins will be sent to the Gate.io wallet and you can start trading SUSHI.
Step 3 – Explore your trading options
Gate.io offers a variety of ways through which cryptocurrencies can be obtained. Each of these can be explored individually depending on your trading needs and objectives.
To start trading SUSHI, select the option from the “Trade” Menu. Enter “SUSHI” into the search bar to see which trading options are available.
For spot trading, for instance and as an example, select SUSHI_USDT. Once you have selected, you will be directed to the exchange page which corresponds to the cryptocurrency pair SUSHI/USDT.
Here, you will see that you have the option to buy or sell SUSHI either as a limit order, grid trading, or as a time condition. The most common trading method is that of limit trading and thus it will be used for this guide.
Step 3 – Buy SUSHI through via Limit Order
To buy SUSHI and create a limit order for it, you can enter the amount of SUSHI you want to purchase, and the price you want to buy it at in USDT. This tool will tell you what the overall cost is in USDT, or any other chosen counter-currency, which will be deducted from your wallet once the order has been executed.
Step 4 – Sell SUSHI through via Limit Order
To sell SUSHI, find the panel under the chart and create a limit order for USDT according to your own preferences. Note that with a peg to USD, SUSHI that you exchange for USDT will hold the flat value that it has despite market conditions in the cryptocurrency market.
Step 5 – Withdraw funds
To withdraw funds, you will use the same page in Gate.io which was used to make a deposit.
Click on the deposit/withdrawal option on your Account dropdown and find the wallet of the currency that you wish to withdraw. You can do this easily by using the search bar provided.
Instead of a deposit address being generated, you will do this on the exchange, or the wallet being used as the destination for withdrawal of funds from Gate.io. Paste the address of the receiving wallet in the field provided and provide your Gate.io fund password, email code, and TOTP before selecting “Submit Request”.
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Frequently Asked Questions
When was SushiSwap first launched?
SushiSwap launched in September 2025 for the first time after Uniswap forked.
Who founded SushiSwap?
Chef Nomi, sushiswap, and 0xMaki are the pseudonymous entities who founded SushiSwap.
What is “ICO”?
It is Initial Coin Offering that, unlike an IPO, does not mean that those who invest in the cryptocurrency will have an ownership stake of the company that they provide funds to.
When was SushiSwap’s ICO and how much did it raise?
SushiSwap did not hold an ICO for SUSHI. SUSHI was issued on Ethereum block 10 750 000, with 1 000 SUSHI released with every Ethereum block to those who stake Uniswap LP tokens on the initial protocol of Sushiswap.
Is SushiSwap legit?
Yes, SushiSwap is legit.
What is SushiSwap’s total supply?
There is a total supply of 250 million SUSHI.
What is the purpose of SushiSwap?
SushiSwap aims to simulate a standard market by allowing its users to buy and/or sell different cryptocurrency assets.
On which blockchain is SushiSwap based?
SushiSwap is based on Ethereum.
Does SushiSwap work with smart contracts?
Yes. SushiSwap uses AMM technology that leverages smart contracts in creating and managing liquidity pools of tokens, letting users tap into swap different assets.
Does SushiSwap have potential to become more valuable?
Yes, SushiSwap has the potential to become more valuable with more widespread adoption.
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