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SUSHI — Sushi
A swap machine for cryptocurrencies, created as a fork of a larger model.
What it is for
- Set out to
- A fork of Uniswap in 2020 that was to distribute part of the trading fees to token holders.
- Today in addition
- An aggregator, cross-chain swapping, perpetuals, operation on more than 30 chains.
- Notable
- It arose from drawing away a competitor’s liquidity with higher rewards.
- Strength
- Very broad chain coverage.
- Weakness
- Several changes of leadership since its founding.
Contract address
Chain: Ethereum
0x6b3595068778dd592e39a122f4f5a5cf09c90fe2
Unabridged and deliberately not linked: a blockchain explorer that we have not checked would be a statement we cannot support.
Score
49of 100
Market capitalization
$57Mas stored
against Bitcoin, 90 days
—not against the dollar
CoinMarketCap
#6758numeric identifier
This asset is not in the sector barometer.
The four cycles
Measured on daily closing prices, never on daily highs or lows. The cycle boundaries are Bitcoin’s own highest and lowest daily closes: January 14, 2015, December 16, 2017, December 15, 2018, November 8, 2021, November 21, 2022, October 6, 2025 and the current low on June 30, 2026. A day counts only if at least ten thousand dollars were traded on it. The price against Bitcoin is given in satoshi — one satoshi is one hundred-millionth of a bitcoin.
| Cycle | Lowest daily close | Highest daily close | Rise low → high | Fall high → low |
|---|
| 2015 to 2017January 14, 2015 to December 16, 2017 | did not yet exist |
| 2018 to 2021December 15, 2018 to November 8, 2021 | $6.2921,127 satJuly 20, 2021 | $22.8437,342 satMarch 13, 2021 | in dollars +$8.88 (+141.0%)against Bitcoin +49.1%from $6.29 on July 20, 2021 to $15.17 on September 15, 2021 | in dollars -$16.55 (-72.4%)against Bitcoin -43.4%from $22.84 on March 13, 2021 to $6.29 on July 20, 2021 |
Only partly measured: reliable trading only from March 11, 2021. What lay before that in the window is not recorded; the figures above are the endpoints of the measured part, not those of the whole cycle. |
| Year by year |
| 2021: in dollars -34.0% (from $18.65 to $12.31) · against Bitcoin -43.5% |
| 2022 to 2025November 21, 2022 to October 6, 2025 | $0.4884623.19 satApril 6, 2025 | $2.662,633 satDecember 8, 2024 | in dollars +$0.5325 (+109.0%)against Bitcoin +39.5%from $0.4884 on April 6, 2025 to $1.02 on July 21, 2025 | in dollars -$2.18 (-81.7%)against Bitcoin -76.3%from $2.66 on December 8, 2024 to $0.4884 on April 6, 2025 |
| Year by year |
| 2022: in dollars -17.4% (from $1.12 to $0.9229) · against Bitcoin -21.2% |
| 2023: in dollars +33.0% (from $0.9417 to $1.25) · against Bitcoin -47.8% |
| 2024: in dollars -1.4% (from $1.37 to $1.35) · against Bitcoin -53.3% |
| 2025: in dollars -48.1% (from $1.41 to $0.7316) · against Bitcoin -60.7% |
| since 2026, ongoingJune 30, 2026 to September 17, 2026 | $0.1485253.74 satJune 30, 2026 | $0.2549319.30 satSeptember 5, 2026 | in dollars +$0.1064 (+71.6%)against Bitcoin +25.8%from $0.1485 on June 30, 2026 to $0.2549 on September 5, 2026 | in dollars -$0.0475 (-18.6%)against Bitcoin -14.1%from $0.2549 on September 5, 2026 to $0.2074 on September 15, 2026 |
| Year by year |
| 2026: in dollars +56.0% (from $0.1485 to $0.2316) · against Bitcoin +19.5% |
If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.
The four questions that are always answered
Net supply and issuance pressure8 of 20
Starting valuation and size leverage12 of 14
Survivability10 of 12
Relative strength against Bitcoin3 of 6
the score is calculated from all twelve criteria. What the twelve questions measure and what has been corrected about the measurement is on the method page.
The remaining criteria are not recorded individually for this asset; the total comes from the assessment of September 5, 2026.
The figures in detail
Price, as stored$0.1981
against Bitcoin, 7 days—
against Bitcoin, 30 days—
listed on CoinMarketCap sinceSeptember 2020
Age since listing6.01 years
Fees relative to valuationnot determined
Supply still lockednot researched
hard supply capnot researched
Carried by Nexocarried
Trading venues of 15 checked13 of 15
The fifteen largest centralized exchanges by the CoinMarketCap ranking were counted, as of September 5, 2026. Decentralized exchanges do not count. Bybit is not included in any figure, because the venue was not reachable through sixteen address forms. Which five venues are the best for each asset has not been collected yet.
Finding
For this asset the summarized finding has not yet been transferred to this page. The individual reasons for all twelve criteria are in the assessment file Special run D, September 4, 2026.
Investors and partners: not researched — awards no points, because projects with large backers did not perform better.
Nexo: Carried by Nexo — purchase page documented on September 1, 2026.
No investment advice, no price forecast, no buy or sell recommendation. A high score does not mean “will rise”. It means the asset scores better on these questions than the others.