SushiSwap

Halal Rating :
Comfortable
Last Price $1.5 Last updated:
Rank 173
1D Change 2.02 %
Market Cap $400.58m
Circulating supply 263,311,906
Maximum supply None
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Collectibles & NFTs
  • Decentralized Exchange (DEX) Token
  • DeFi
  • DAO
  • Ethereum Ecosystem
  • Yield Farming
  • AMM
  • Yearn Partnerships
  • Governance
  • Avalanche Ecosystem
  • Metaverse
  • Blockchain Capital Portfolio
  • DeFiance Capital Portfolio
  • Alameda Research Portfolio
  • Pantera Capital Portfolio
  • Polygon Ecosystem
  • Fantom Ecosystem
  • Arbitrum Ecosystem
  • Celo Ecosystem
  • Harmony Ecosystem
  • Injective Ecosystem
  • BNB Chain Ecosystem
  • Optimism Ecosystem
  • Base Ecosystem

Purpose and Utility

SushiSwap is a decentralized exchange (DEX) that allows users to trade cryptocurrencies, provide liquidity, and earn rewards. The SUSHI token serves as a governance token, giving holders voting rights over protocol decisions and a share of trading fees when staked.

Business Model

The platform operates as an automated market maker (AMM) where users can swap tokens, provide liquidity to trading pairs, and participate in yield farming. Trading fees are distributed between liquidity providers and SUSHI stakers.

Real-World Adoption

SushiSwap maintains significant daily trading volume and total value locked (TVL). The platform operates across multiple blockchain networks including Ethereum, Arbitrum, and Polygon, serving a global user base for decentralized trading.

Platform Development

The project maintains active development with regular updates to its protocol. Recent developments include enhanced security measures, multi-chain expansion, and improved user interface. The development team continues to implement community-approved proposals and protocol improvements.

Token Distribution

SUSHI tokens were initially distributed through fair launch farming, with no pre-mine for the team. Current distribution includes protocol treasury, community rewards, and circulating supply among users and stakeholders.

Crypto Impact

To assign a comfort level investing in SushiSwap from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to SushiSwap.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

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