SushiSwap is a decentralized exchange on 40+ chains that pioneered community governance and protocol revenue sharing — the xSUSHI model has been copied by dozens of DeFi protocols.
SushiSwap launched in August 2020 as a "vampire fork" of Uniswap — it copied Uniswap's smart contract code (which was open-source) and added one crucial innovation: SUSHI governance tokens distributed to liquidity providers, incentivising them to migrate from Uniswap. This worked dramatically: within days, SushiSwap had attracted over $1 billion from Uniswap in what became known as the "vampire attack."
From those origins, SushiSwap evolved into an independent multichain DeFi protocol with unique features: xSUSHI (the first major protocol revenue-sharing model), BentoBox (flexible vault infrastructure), and SushiXSwap (bridgeless cross-chain). Today it runs on 40+ blockchains with $251B+ in cumulative volume — a genuine piece of DeFi history still actively operating.
$251B+ cumulative volume, 40+ chains, xSUSHI staking revenue, SushiXSwap cross-chain, and V3 concentrated liquidity.
Step-by-step from first swap to xSUSHI staking and cross-chain trading.
SushiSwap forked Uniswap in August 2020 and added SUSHI token rewards to LPs. Within days it had attracted $1B+ from Uniswap pools — one of DeFi\'s most dramatic liquidity migrations.
When you stake SUSHI, you receive xSUSHI. A 0.05% fee from every swap on every chain SushiSwap operates on flows into the xSUSHI pool, increasing its value relative to SUSHI.
SushiSwap deploys on new chains to capture liquidity early. The 40+ chain coverage gives it presence on many chains where other major DEXes are absent.
Cross-chain swaps work by routing through an intermediary token and using cross-chain messaging — no separate bridge app needed, reducing complexity and attack surface.
com. The unified interface shows your balances, available pools, and swap routes across all supported chains.
$251B+ cumulative volume, 40+ chains, xSUSHI revenue sharing, and SushiXSwap cross-chain — all at sushi.com.
Open SushiSwap →"SushiSwap\'s history is one of the most interesting in DeFi. The vampire attack, the anonymous founder Chef Nomi controversy, the community takeover, xSUSHI — every major DeFi governance innovation was stress-tested through Sushi."
"The xSUSHI model is underappreciated as a template. It was the first time a DeFi protocol successfully shared revenue directly with token holders at scale. Dozens of protocols have since copied the model."
"Never knew Sushi had such a wild origin story. The vampire attack explanation makes it click — and it helps understand why xSUSHI exists as a loyalty mechanism to keep the community engaged after the initial excitement."
SushiSwap runs on 40+ chains — Ethereum, Arbitrum, Base, Polygon, Avalanche, and more. Start on the chain that suits you best.
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