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Sushi

SUSHI#395 by market cap

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

Sushi is for trading without a middleman. We have not written its record yet, so its promises are not checked. It trades at $0.2135, #395 of all coins by size, 99% below its highest ever price.

This week Nothing changed on its record.

A real job, real backing. No dated promises on its pages. Nothing dated ahead. #10 of 37 automated market makers. Nothing to be careful of on the record.

Is it real?

3 of 4tests passeda real job, real backing, something ahead, room to grow
2named backersPantera Capital, Blockchain Capital
5 yearson the marketsince 13 March 2021
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3 of 4

  • A real-world jobReal-world purpose: trading without a middleman
  • Real backingBacking: backed by Pantera Capital; trades on Coinbase, Crypto.com, Kraken
  • Something aheadA dated step, deliveries on record, or demand showing up in the news.
  • Room to growRoom: worth $61.21M, 67 times smaller than Uniswap, the biggest coin within reach doing the same thing (Automated Market Maker (AMM))

Backed by Pantera Capital and 1 more

  • Origin13 March 2021about about 5 yearssushi.com, GitHub
  • DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
  • BackingPantera Capital, Blockchain CapitalInvestor tags from CoinGeckoListed on Coinbase, Crypto.com, Kraken, Binance
  • Standing on the recordNo recordNo dated promise to judge yet2 headlines last monthNo corrections needed so far
The gap, and what to do

It is already worth more than the typical coin in Automated Market Maker (AMM) ($13.66M). To match the leader, Uniswap ($4.12B), its price would need to rise 6636%, to about $14.38.

Still to check

  • No dated promise on record yet, so delivery cannot be judged
  • Only 2 headlines named it last month

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#10of 37 automated market makersthe typical one is worth $13.66M
$61.21Mworth todayprice × coins out
$13.66Mthe typical rival is worthAutomated Market Maker (AMM)
$4.12Bthe leader is worthUniswap
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

Trading without a middleman

121 coins tagged Decentralized Exchange (DEX), worth $32.69B together. #24 of 121 by worth.

Automated Market Maker (AMM): this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Sushi$61.21Mthis coin−3.9%no maxno record
  • Uniswap$4.12B67.4× bigger, +$4.06B+4.3%, gap +8.262% outnone dated
  • Pump.fun$1.68B27.5× bigger, +$1.62B−1.5%, gap +2.447% outnone dated
  • PancakeSwap$729.25M11.9× bigger, +$668.04M−0.7%, gap +3.380% outno record
  • Curve DAO$543.04M8.9× bigger, +$481.83M−0.5%, gap +3.551% outnone dated
  • Aerodrome Finance$538.82M8.8× bigger, +$477.6M−4.3%, gap −0.3no maxnone dated
  • Pendle$408.74M6.7× bigger, +$347.53M+4.8%, gap +8.7no maxnone dated
  • Raydium$369.38M6.0× bigger, +$308.17M−3.1%, gap +0.849% outno record
Same job, different how

Automated Market Maker (AMM): this coin next to Uniswap, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Sushi says
SushiSwap is a decentralized, multi-chain DEX that allows users to swap a wide range of assets across 40+ blockchain networks.
Uniswap says
Uniswap Labs runs a platform for trading and using different crypto products in one place.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

SushiSwap is a decentralized, multi-chain DEX that allows users to swap a wide range of assets across 40+ blockchain networks. It is powered by the industry's most advanced swap and aggregation stack, providing access to superior liquidity and competitive pricing.

Problem it says it solves: trading without a middleman. 121 coins are working on it and together they are worth $32,689,035,928. This coin is 0% of that.

Where it trades: Coinbase, Crypto.com, Kraken, Binance, OKX

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

Nothing printed today

None of the six tests fails. A missed promise counts only on a record a person has checked.

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Why is it this small?

Automated Market Maker (AMM): this coin next to the group's largest, Uniswap.

SushiUniswap
Years trading6 years6 years
Major exchanges78
Named backers25
Headlines, last month2117
Promises deliveredno recordno record

What it says is different: SushiSwap is a decentralized, multi-chain DEX that allows users to swap a wide range of assets across 40+ blockchain networks. It is powered by the industry's most advanced swap and aggregation stack, providing access…

It is 1.5% the size of Uniswap. On the facts above it is behind on major exchanges, named backers, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.

The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.

The homework: the coin itself, the news, the record

The coin itself

$0.2135price of one−3.9% today
99%below its highest ever$23 on 13 March 2021
100%of the supply is out286.75M coins
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The last 7 days

7 days ago: $0.2357now: $0.2135 (−9.8%)

Where today sits against its highest ever price

$0.2135

Highest ever: $23.38 on 13 March 2021. Today is 1% of that.

98%

of all SUSHI that will ever exist is already out in public hands: 286.75M coins.

2% (4.77M coins) is not yet created or held by the project. That is a small share. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

Perks on its own exchange

Fee discounts and access on the exchange that issued it. Its demand follows that exchange.

  • Fee discounts and access on the exchange that issued it
  • A vote on how the project is run
$0.2135price of one
×
286.75Mcoins out
=
$61.21Mworth today, #395 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 286.75Min circulation of 291.51M total. No hard maximum is set, so more can be created.
  • 1%of its all-time high of $23.38 on 13 March 2021. That is −99.1% from the top.
  • #395by market cap, $61,214,744.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

Real use, in dollars
  • $101.78M is locked in it right now

From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.

What the news says

2headlines, last monththat name this coin
0about governmentregulation, courts, central banks
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Headlines per day, last 30 days

2 headlines named this coin in the last month.

What they were about

  • Price1
In the news
What people are talking about, last month:

Headlines are the publishers' own. News is never placed next to price.

The record itself

Not covered. The criterion it missed: no roadmap or documentation page linked from the homepage.

Pages savednot yetno roadmap page found
Promisesnone yetno record drafted
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy