Home/SushiSwap
Multichain DEX · Since 2020

SushiSwap — Multichain DEX on 40+ Networks

$251B+ cumulative volume, 40+ chains, xSUSHI revenue sharing, SushiXSwap cross-chain without a bridge — SushiSwap is DeFi\'s most battle-tested multichain exchange.

Open SushiSwap 🍣 Explore Features
sushi.com // stats Live
Cumulative Volume$251B+
TVL~$38–48M
Networks Supported40+
Swap Fee0.30% (0.25% LPs)
Protocol Fee0.05% → xSUSHI
V3 PoolsConcentrated Liquidity
Cross-ChainSushiXSwap (no bridge)
SUSHI Price (May 2026)~$0.19
LaunchedAug 2020 · Ethereum
About

SushiSwap

SushiSwap launched in August 2020 as a fork of Uniswap, and became one of DeFi's most influential protocols — pioneering community governance, liquidity mining incentives, and the xSUSHI revenue-sharing model that many protocols have since copied. Today SushiSwap runs on 40+ blockchains including Ethereum, Arbitrum, Base, Polygon, Avalanche, and more, with $251B+ in cumulative trading volume.

While SushiSwap's TVL (~$38-48M) is a fraction of its 2021 peak ($5B+), the protocol has adapted: V3 concentrated liquidity, SushiXSwap for bridgeless cross-chain swaps, Kanpai 2.0 fee distribution, and integration with Katana (the Ronin DEX) demonstrate active development. The xSUSHI staking model — where 0.05% of every swap on every chain flows to xSUSHI holders — remains one of DeFi's most straightforward revenue-sharing mechanisms.

// protocol.stats
TypeMultichain AMM / DEX
LaunchedAugust 2020
Cumul. Volume$251B+
TVL (2026)~$38–48M
Networks40+
Pool TypesV2 AMM + V3 CLMM
Swap Fee0.30%
xSUSHI Fee Share0.05% all chains
SUSHI Supply250M max
Cross-Chain SwapSushiXSwap
Features

Why Trade on SushiSwap?

$251B+ cumulative volume, 40+ chains, xSUSHI staking revenue, SushiXSwap cross-chain, and V3 concentrated liquidity.

[01]
🌐
40+ Networks
Ethereum, Arbitrum, Base, Polygon, Avalanche, BNB Chain, Fantom, and 33+ more — one interface for all.
[02]
🍣
xSUSHI Revenue Share
Stake SUSHI to earn xSUSHI and receive 0.05% of every swap on every chain SushiSwap runs on.
[03]
🌉
SushiXSwap
Cross-chain swaps without a separate bridge — swap tokens between supported chains in one transaction.
[04]
📐
V3 Concentrated Liquidity
Deploy capital in specific price ranges for higher fee efficiency — Uniswap v3 compatible.
[05]
💰
LP Fee Earning
0.25% of every swap goes to liquidity providers in the pool — passive yield on deposited capital.
[06]
🗳️
SushiSwap DAO
SUSHI holders govern the protocol — fee parameters, chain deployments, treasury allocation.
Guide

How to Use SushiSwap

Step-by-step from first swap to xSUSHI staking and cross-chain trading.

01

Go to sushi

com. Connect your wallet — MetaMask, Coinbase Wallet, Rainbow, or WalletConnect.

02

Select Network

SushiSwap runs on 40+ chains. Choose Arbitrum or Base for low gas, Ethereum mainnet for deepest liquidity.

03

Choose Swap Tokens

Select input token and output token. SushiSwap shows expected output and route.

04

Set Slippage

Click the gear icon. 0.5% default works for most swaps; higher for less liquid tokens.

05

Swap

Click Swap and approve in your wallet. Done — tokens arrive within seconds on L2s.

Start Trading on SushiSwap 🍣

$251B+ cumulative volume, 40+ chains, xSUSHI revenue sharing, and SushiXSwap cross-chain — all at sushi.com.

Open SushiSwap →
FAQ

Questions About SushiSwap

What is SushiSwap?
+
SushiSwap is a multichain decentralized exchange (DEX) operating on 40+ blockchains. Users swap tokens, provide liquidity to earn fees, stake SUSHI for xSUSHI to earn protocol revenue, and trade cross-chain via SushiXSwap.
What is xSUSHI?
+
xSUSHI is the token you receive when staking SUSHI. It earns 0.05% of all SushiSwap trading fees across every chain the protocol operates on. xSUSHI\'s value relative to SUSHI increases over time as fees accrue.
How many chains does SushiSwap support?
+
SushiSwap operates on 40+ blockchains as of 2026, including Ethereum, Arbitrum, Base, Optimism, Polygon, Avalanche, BNB Chain, Fantom, and many more.
Is SushiSwap still relevant in 2026?
+
SushiSwap is smaller than its 2021 peak but still active — $251B+ cumulative volume, ongoing development (V3, SushiXSwap, Katana integration), and the xSUSHI revenue model continues to generate real yield for stakers.
What happened to SushiSwap\'s TVL?
+
SushiSwap\'s TVL peaked above $5B in 2021 and has since declined to ~$38-48M as competition from Uniswap V3, concentrated liquidity DEXes, and chain-native protocols intensified. The protocol remains operational but is no longer a top-5 DEX by TVL.
Reviews

What Traders Say

DeFi Historian
★★★★☆

"SushiSwap\'s 2020-2021 era shaped modern DeFi governance. xSUSHI was the blueprint for protocol revenue sharing. The current TVL doesn\'t reflect the protocol\'s historical significance or its ongoing 40-chain operation."

xSUSHI Staker
★★★★☆

"The xSUSHI model works exactly as described — stake SUSHI, earn a cut of every swap on 40+ chains. Returns are modest but genuine. Useful for SUSHI holders who believe in the protocol long-term."

Multichain Trader
★★★★★

"SushiSwap\'s 40-chain coverage is genuinely useful. I use it for chains where Uniswap doesn\'t have deep liquidity. SushiXSwap for cross-chain without a bridge is a real differentiator."

Ready for Multichain DeFi?

SushiSwap runs on 40+ chains — Ethereum, Arbitrum, Base, Polygon, Avalanche, and more. Start on the chain that suits you best.

Trade on Any Chain 🍣