What Sushi governs
Sushi is a DeFi protocol governance token, currently ranked 348th by market capitalization among the assets we track. Sushi is the governance token of a DeFi protocol: holding it is less like owning a currency and more like owning a vote over how the protocol runs — and, in some designs, a share of the fees it collects.
Sushi (SUSHI) is a decentralized finance (DeFi) token used primarily in the SushiSwap ecosystem for trading and providing liquidity on decentralized exchanges. It also offers governance features allowing holders to vote on platform decisions.
How value is supposed to accrue
DeFi tokens are worth something when the protocol generates fees and routes value to holders — through revenue share, buybacks, or governance over a real treasury. Without that link, a governance token is just a vote.
SUSHI is not mined; it is issued as a token rather than secured by its own mining or staking layer.
Background & fundamentals
In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20), DeFi, and Exchange.
Where Sushi sits in the market
Trading around $0.1484, Sushi carries a market capitalization of $28.61M. Around $5.17M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 18.06% of the float — elevated, often a sign of narrative-driven trading.
Sushi carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. SUSHI remains -99% beneath its all-time high of $23.36, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
Recent moves read 24-hour -0.74%, 7-day -10.40%, 30-day -8.17%, 1-year -71.65%. Within its stored 365-day daily history, SUSHI mounted a low-to-high run of roughly 90% at its strongest stretch.
Volatility profile
Recent action puts Sushi in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the last 30 days the move totals -8.17%, a useful input for stop placement and position sizing.
How to evaluate a DeFi token like Sushi
For an asset of this type, three lenses matter most:
- Protocol revenue — fees the application actually earns, and whether any of it reaches SUSHI holders.
- Total value locked — how much capital trusts the protocol — and how sticky it is versus mercenary yield.
- Token utility — whether SUSHI is load-bearing (governance over real value, fee rights) or decorative.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
