SushiSwap Price

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As of today (23.03.2026), the current Avalanche (AVAX) price is at 8.13 EUR, a 3.08% increased as the previous day (22.03.2026) of 7.88 EUR.

Sushi - Price Data

High 24h: 0,1731 €
All Time High: 19,56 € 99,1%
Days since All Time High: 1.835 (13.03.2021)
Low 24h: 0,1636 €
All Time Low: 0,1497 € 14,6%
Days since All Time Low: 45 (06.02.2026)

Sushi - Market Data

Popularity Popularity by market capitalization. The cryptocurrency with the highest market capitalization ranks 1st.: Rank 420
Trading Volume A measure of the trading volume of cryptocurrencies on all tracked platforms in the last 24 hours. This volume is continuously tracked over the entire 24-hour period without opening or closing times.: 7.468.701,00 €
Max Supply The maximum number of coins set during the lifetime of a cryptocurrency. This is comparable to the maximum number of shares that can be issued on the stock market. Maximum supply = theoretical maximum as set in the code.: 0
Market Cap Market capitalization is calculated as the current price multiplied by the circulating supply. This term refers to the total market value of a cryptocurrency's circulating supply. It is comparable to the measurement of the stock market where the price per share is multiplied by the number of freely available shares.: 46.708.807,00 € 2,9%
Circulating Supply The amount of coins circulating in the market and publicly tradable. This is comparable to the consideration of shares available in the market.: 273.012.266
Total Supply The number of coins that have already been created, minus any coins that have been removed from circulation. Total supply = blockchain supply - removed tokens.: 287.676.365

SUSHI calculator: 
Calculate how much sushi you get for your Euro money

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SushiSwap Price (SUSHI) Live in Euro (EUR)

The SushiSwap price reflects the performance of SUSHI, the native token of a decentralized exchange (DEX) that operates as an Automated Market Maker (AMM). In addition to crypto trading, the platform offers staking and a DEX aggregator. This article outlines the key factors influencing the price of SUSHI, reviews the token’s performance since its launch in 2020, and provides forecasts for the project’s future.

Key facts about the SushiSwap price

SushiSwap launched in 2020 as a fork of Uniswap and is a decentralized exchange and AMM offering crypto swaps and staking.
SUSHI is the native ERC-20 token of the SushiSwap ecosystem. The price of SushiSwap is primarily influenced by competition within the DeFi sector and trading volume, with occasional impact from governance decisions and regulatory developments.
SUSHI reached its all-time high on 13 May 2021, trading above EUR 20. The token marked its all-time low in November 2025, with a price of approximately EUR 0.36. A total of approximately 280 million tokens is currently in circulation. There is no hard cap on the maximum supply.
In fall 2025, the SushiSwap price fluctuates between EUR 0.40 and EUR 0.45, corresponding to a market capitalization of approximately EUR 118 million.
Future projections depend heavily on the success of the strategic realignment under the holding company “Sushi Labs,” established in 2024, and on the adoption of newly launched products.

How is the SushiSwap price calculated?

The price of SushiSwap is determined by the classic supply-and-demand model. On the supply side, tokenomics play a key role, while demand is primarily driven by market dynamics:

Staking via Sushi Bar: Users stake SUSHI to receive xSUSHI, which entitles them to a share of the protocol’s trading fees, specifically 0.05 percent of all swaps. This mechanism locks tokens and generates demand through revenue participation.
Governance: Token holders vote in the Sushi DAO on strategic direction, protocol upgrades, etc.
Emission model: SUSHI does not have a fixed supply cap (hard cap). While the initial plan envisioned 250 million tokens, approximately 280 million are currently in circulation. New tokens are issued in a controlled manner as incentives for liquidity providers. The inflation rate and distribution of these emissions are governed by the Sushi DAO.

What influences the SushiSwap price?

The SushiSwap price is primarily influenced by market developments in the DeFi sector. The more demand, trading, and swapping activity on the platform, the more fees are generated. Specifically, the following factors impact the price of SUSHI:

DEX competition: The price is significantly influenced by competition with market leaders such as Uniswap, from which SushiSwap originally forked, and Curve. When competitors like Uniswap announce innovations, such as the launch of V4, or when Sushi Labs introduces product updates like the V3 release, these developments tend to impact the price of SUSHI.
Trading volume and TVL: The higher the trading volume, the greater the fee income for stakers. The total value locked (TVL) within the protocol serves as a key indicator of user confidence.
Governance: Governance decisions also influence the price. The most well-known example is the “Chef Nomi” scandal, in which the founder sold tokens worth millions, triggering a sharp price drop.
Regulatory risks: As a DeFi protocol, SushiSwap remains under regulatory scrutiny. For instance, a subpoena issued by the SEC in March 2023 triggered a decline in token price.
Multi-chain presence: SushiSwap is active on approximately 40 blockchains, including Ethereum, Arbitrum, Optimism, Polygon, BNB Chain, Avalanche and Solana. Announcements of new chain integrations typically act as positive price catalysts.

Price history: Key events in SUSHI price development

October 2025: Current SushiSwap price
The year 2025 was marked by a clear downward trend for the SUSHI price, like much of the DeFi sector. The positive sentiment at the end of 2024 could not be sustained. On the contrary, SUSHI fell from EUR 1.31 at the start of the year by roughly two-thirds to EUR 0.41. Around this level, the token continues to trade in early November 2025.
2023 to 2024: Pressure, recovery, pressure
These two years were marked by high volatility. In March 2023, news of a subpoena from the U.S. Securities and Exchange Commission (SEC) led to a sharp price drop from over EUR 1.20 to below EUR 1. Shortly thereafter, an exploit affecting approximately EUR 3 billion put further pressure on the token. By fall, the SushiSwap price had declined toward EUR 0.50 before a recovery began. The rally peaked in March 2024, driven in part by the approval of a Bitcoin ETF, with SUSHI reaching approximately EUR 1.86. However, these gains were sold off by mid- November. The year ended on a positive note for SUSHI, supported by the U.S. election and a broad market rally, with the token trading at EUR 2.11 in mid-December. The sharp high, however, was quickly reversed.
2022: Bear market and internal disputes
SushiSwap was unable to escape the bear market of 2022. Following the collapse of Terra/LUNA and the bankruptcy of FTX, the token lost approximately 90 percent of its value over the course of the year, falling from EUR 9 to EUR 0.90. The year was also overshadowed by internal debates regarding the leadership of the Sushi DAO.
2020 to 2021: Scandal sale and all-time high
SushiSwap launched in late summer 2020 with a so-called “vampire attack” siphoning liquidity from another protocol as a fork of Uniswap. At its peak, the token traded around EUR 4.20. Shortly thereafter, founder “Chef Nomi” sold developer tokens worth approximately USD 14 million, causing the price to crash to a long-standing all-time low of around EUR 0.43. After the founder returned the funds and handed over control to the community (DAO), the project began to recover. During the crypto bull market of 2021, the SUSHI price surged and reached its current all-time high of over EUR 20 on 13 May 2021. However, SushiSwap was unable to maintain this level and closed the year at approximately EUR 9.

Current developments: Forecasting SushiSwap price

Forecasts for the SushiSwap price are closely tied to the success of the strategic realignment initiated under the Sushi Labs umbrella in 2024. In 2025, several new products were launched, including Wara (trading on Solana), Blade (an AMM), and the SushiSwap aggregator. If these products achieve sustainable success and the ecosystem manages to attract market share and users from larger competitors such as Uniswap or dYdX, this could increase protocol revenues and, in turn, drive demand for SUSHI.

Note on staking service:
Please note that this service is currently not regulated under MiCAR and lacks the protections and oversight established by EU regulations. For comprehensive information on staking risks, please refer to the Special Terms and Conditions for Staking.