SushiSwap (SUSHI) Tausch

SushiSwap is a decentralized protocol known as an Automated Market Maker (AMM) and it is built as a fork of Uniswap. SushiSwap as with other AMM is new to the DeFi ecosystem and they are decentralized exchanges that create markets for a wide range of paired tokens using a well-defined smart contract.

SushiSwap came into existence in September 2020 and attained a short-lived meteoric rise as it aims to offer a boosted reward scheme for the community. The founder Chef Nomi transferred the ownership of SushiSwap to Sam Bankman-Fried, the Founder and CEO of FTX Derivatives Exchange, after being embroiled in a $14M cashout scandal.

The Sushi token is the primary token of the SushiSwap network. The Sushi ranks as a top 100 coin by market capitalization and it has a circulating supply of 147,437,703 SUSHI coins.