What is Sushi?
Sushi (SUSHI) is a DeFi protocol governance token currently ranked 474th by market capitalization across all crypto assets we track. DeFi governance tokens grant voting rights over protocol parameters and, in some cases, a share of protocol revenue.
Market position
At the current price of $0.1673, Sushi carries a market capitalization of $32.26M. Daily trading volume across exchanges sits at roughly $9.90M. That works out to a 24-hour turnover of about 30.68% of the float — unusually high turnover, the kind of activity that accompanies major news or speculative spikes.
Price action across timeframes
Over the past 24 hours, Sushi has moved +2.12%; over the past week, Sushi has moved -29.01%; over the past 30 days, Sushi has moved -8.17%; over the past year, Sushi has moved -71.65%.
Cycle position
Sushi is currently trading far below its all-time high (all-time high of $23.36, -99.3% from peak). . From its all-time low of $0.1588, current pricing represents a +5% recovery.
Supply & dilution
The circulating supply stands at 281,678,117 SUSHI. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.
Volatility profile
Recent price action puts Sushi in the Extreme-volatility bucket. The asset is in a high-volatility regime — these are the conditions where outsized gains and losses both become more likely. Over the past 30 days, the 30-day move totals -8.17%, which traders should weigh against position sizing and stop-loss placement.
How to evaluate Sushi
A balanced read on SUSHI typically considers three lenses:
- Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
- Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
- Comparable assets — how is SUSHI performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.
This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.
Project description
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. Source: CoinPaprika.com
