SushiSwap Achieves Market Cap of $273.46 Million (SUSHI)

SushiSwap (SUSHI) traded up 0.7% against the US dollar during the 1 day period ending at 18:00 PM ET on March 18th. One SushiSwap token can currently be purchased for about $1.23 or 0.00004514 BTC on popular exchanges. Over the last week, SushiSwap has traded 15% higher against the US dollar. SushiSwap has a market capitalization of $273.46 million and approximately $54.57 million worth of SushiSwap was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded down 1% against the dollar and now trades at $0.43 or 0.00001563 BTC.
• Aidi Finance (BSC) (AIDI) traded up 1.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 0.4% higher against the dollar and now trades at $0.0676 or 0.00000248 BTC.
• CareCoin (CARES) traded 0.4% higher against the dollar and now trades at $0.0839 or 0.00000308 BTC.
• OmniaVerse (OMNIA) traded 22.3% higher against the dollar and now trades at $0.0011 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded up 0.4% against the dollar and now trades at $100.35 or 0.00368039 BTC.
• FEG Token (FEG) traded 0.4% higher against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded up 1% against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded up 0.4% against the dollar and now trades at $7,293.90 or 0.26750364 BTC.
• Lego Coin (LEGO) traded 27.5% higher against the dollar and now trades at $0.0179 or 0.00000066 BTC.

SushiSwap Token Profile

SushiSwap launched on August 30th, 2020. SushiSwap’s total supply is 244,542,059 tokens and its circulating supply is 222,257,372 tokens. SushiSwap’s official website is sushi.com. SushiSwap’s official Twitter account is @sushiswap. The Reddit community for SushiSwap is https://reddit.com/r/sushiswap and the currency’s Github account can be viewed here.

According to CryptoCompare, “SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.

SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.

SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.”

SushiSwap Token Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as SushiSwap directly using U.S. dollars. Investors seeking to trade SushiSwap should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase SushiSwap using one of the exchanges listed above.

SUSHI/USD price chart by TradingView