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Digital assets >
SUSHI

SushiSwap

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LAST UPDATED:
July 23, 2025

SushiSwap (Sushi) is an open-source decentralized exchange (DEX) built on Ethereum initially launched as a fork of Uniswap.

The SUSHI token powers the community-driven Sushi project which aims to solve DeFi’s liquidity problems.

Background

The DEX was created by the pseudonymous Chef Nomi. Developed as a direct fork of Uniswap v2, Sushi was differentiated by liquidity mining and its on-chain governance token, SUSHI.

Launch

Sushi launched on August 28, 2020 by two pseudonymous users, Chef Nomi and OxMaki. Yearn Finance announced a merger with Sushi later that year. SUSHI tokens started to be released to the market that year and were set for full release by November 2023.

How does it work?

Sushi is a community-owned and operated project that uses liquidity pools and smart contracts to execute trades without a centralized authority. It provides SUSHI token holders governance rights.

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Information on this page includes third party content. Bullish is not responsible for third party content. Content is for informational purposes only and is not investment advice. You should do your own research. Not all digital asset products are available in all locations. Bullish may enter into arrangements with digital asset issuers, sponsors or related parties under which Bullish will receive compensation, such as promotion or trading fees or other incentives, for providing listing, liquidity or other services in relation to a digital asset. Visit bullish.com/trust for more important information.
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Not investment advice. Digital assets and related products are high risk. Consult your professional advisor and trade responsibly. Visit legal for important information and risk warnings. Bullish Europe GmbH is regulated by the German Federal Financial Supervisory Authority (BaFIN ID 10162355). Bullish Europe GmbH, Fora Office, Oper 46, Bockenheimer Anlage 46, 60322 Frankfurt, Germany. Local Court of Frankfurt am Main, HRB 128487; Managing Directors: Marco Bodewein, Marcus Rietsch Imprint

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