SushiSwap
About SushiSwap
SushiSwap (SUSHI) is a Decentralized Exchange (DEX) with an automated market maker (AMM) protocol forked (detached) from Uniswap, another popular DEX. Built and run on Ethereum, SushiSwap essentially facilitates the trading of ERC-20 tokens, such as 1inch, Aave, Compound, and many more. As it is a DEX, it only supports crypto-for-crypto transactions, contrary to Centralized Exchanges (CEXs), where users can initiate crypto-for-fiat (USD, EUR) trades. SushiSwap has one of the strongest communities among its counterparts, which has greatly contributed to the protocol’s growth over time. Similarly to other DEXs, SushiSwap also unlocks potentially powerful Decentralized Finance (DeFi) opportunities, such as liquidity providing. This is essentially a process through which holders of supported crypto tokens delegate funds to the protocol for a predetermined time period to receive compensation in the forms of small percentages of transaction fees and yields paid in SUSHI, SushiSwap’s native token.
In the last hour, SushiSwap's price has seen a change of +0.77%, and over the past 24 hours, its price has moved by +2.27%. Over the previous week, SushiSwap's price has moved by +7.63%. The current price of SushiSwap is $0.2676, accompanied by a trading volume of 16.95M in the last day. SushiSwap's price is currently 98.86% below its all-time high of $23.38, which remains the highest price SushiSwap has achieved since its launch. The circulating supply of SushiSwap stands at 286.8M, translating to a total market capitalization of 76.75M.
Market stats
Frequently asked questions
How to invest in SushiSwap?
Rain offers you a number of ways to start investing in SushiSwap, including buying SushiSwap through bank transfers or by using your bank card. To purchase SushiSwap on Rain, you can select SushiSwap in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
How to buy SushiSwap with card?
Once you add your bank card to your Rain account, you can use it to buy SushiSwap directly. You can start by adding your card to your payment options on your Rain account. To purchase SushiSwap using your bank card, you can select SushiSwap, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.
note: The purchase option with debit or credit card is not available for our users in Turkey
How to buy SushiSwap through bank deposit?
Rain enables you to buy SushiSwap using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.
Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing SushiSwap. To do that, you can select SushiSwap in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.
How to sell SushiSwap?
This is an easy process that requires only a few clicks. Here are the steps needed to sell SushiSwap successfully:
On your Rain account, select SushiSwap then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.
How to convert SushiSwap into cash?
Rain gives you the opportunity to sell SushiSwap and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.
Once your bank account is added, you can sell SushiSwap and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.
Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.
How to receive SushiSwap?
If you would like to receive SushiSwap in your Rain account, simply click on Receive and select SushiSwap from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.
Make sure that you are using the correct network when receiving SushiSwap to avoid possible loss of funds.
How to send SushiSwap?
You can easily send your SushiSwap from your Rain account to any external wallet by clicking on Send and selecting SushiSwap from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.
Why buy SushiSwap with Rain?
When you buy SushiSwap with Rain, you ensure that your assets are going to be safely stored on a regulated platform that follows strict compliance standards and is subject to periodic audits. Rain also uses bank-grade security measures like Cold Storage systems. Trading and storing SushiSwap on Rain also means that your asset is going to be stored on 1:1 basis, which means your assets will always be available to you.
What is a SushiSwap wallet?
A SushiSwap wallet is where you can securely store SushiSwap. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a SushiSwap address?
A SushiSwap address is a string of unique characters that is tied to your SushiSwap wallet. The address functions just like a bank account number and it is what you use in order to send SushiSwap from your wallet, or to receive SushiSwap to your wallet.
What trading pairs available for SushiSwap?
There are over 200 currency pairs available on Rain for you to trade with. You can trade SushiSwap with Bahraini dinar, Kuwaiti dinar, Emirati dirham, Omani rial or US dollar, depending on your location. Additionally, you can swap SushiSwap with 200 other assets like BTC, LTC, XRP, ETH. You can explore your options by visiting the market page on your Rain account: https://www.rain.com/market
What is the minimum order size to buy SushiSwap?
You can trade SushiSwap with any amount above $30 or equivalent in your account's currency. You can start trading SushiSwap now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides SushiSwap?
Besides SushiSwap, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What blockchain is SushiSwap built on?
SushiSwap is built on the ETH blockchain. This determines how transactions are verified, fees are structured, and how compatible it is with wallets and other decentralized applications (dApps).
How do I keep my SushiSwap safe?
To keep your SushiSwap safe, make sure to use trusted wallets that support ETH. Enable two-factor authentication (2FA), store long-term assets in cold wallets, and never share your private keys with anyone. You can always refer to our Security & Policies section for more tips.
What will the price of SushiSwap be in next 5 years?
Price predictions for SushiSwap over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading SushiSwap taxable?
Trading SushiSwap may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is SushiSwap's ATH?
SushiSwap’s all-time high (ATH) was $ 23.38 on 13 Mar 2021. This represents the highest recorded market price of the asset to date.
What is the market cap of SushiSwap?
With a market capitalization of 76.75M, SushiSwap is ranked 193 among other crypto assets.
What is the all-time high of SushiSwap?
The highest valuation of SushiSwap since its launch was at $23.38, marking its all-time high.
What is the 24-hour trading volume of SushiSwap?
The trading activity of SushiSwap over the last 24 hours was at 16.95M, highlighting its liquidity in the market.
How many SushiSwap are there in circulation?
There are approximately 286.8M units of SushiSwap currently in circulation, affecting its market dynamics.
What is the relative popularity of SushiSwap?
SushiSwap market cap is around 76.75M.
When was SushiSwap created?
SushiSwap was introduced on 27 Aug 2020.
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