SushiSwap
SushiSwap is a multi-chain decentralized exchange (DEX) built on AMM architecture, serving global DeFi traders and liquidity providers across 40+ blockchains including Ethereum, Solana, Base, Arbitrum, Katana, and Stellar. It offers non-custodial token swaps, cross-chain trading via Circle CCTP and Jupiter, Orbs-powered advanced order types, and tokenized real-world asset trading on Stellar.
- Company typePrivate
- Founded2020
- HeadquartersTokyo, Japan
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What SushiSwap does
SushiSwap is a peer-to-peer decentralized exchange (DEX) protocol operating since 2020 across more than 40 blockchain networks, including Ethereum, Solana, Base, Arbitrum, Katana (zkSync Era), and Stellar. Built on automated market maker (AMM) architecture, the platform enables non-custodial token swaps, liquidity provision, and cross-chain trading, and extends its functionality through Orbs-powered advanced order types (dSLTP stop-loss/take-profit, dLIMIT limit orders, dTWAP time-weighted average price) and integrations with Circle's Cross-Chain Transfer Protocol (CCTP) and Jupiter's Ultra API for routing and execution.
The platform serves global DeFi traders, liquidity providers, and — via its Stellar integration — investors seeking on-chain exposure to tokenized real-world assets such as US Treasuries and AAA-rated CLOs. Its go-to-market is entirely product-led and self-serve: users access the protocol through the sushi.com web interface or wallet connection without KYC, and user acquisition flows from multi-chain deployment, community governance via the SUSHI token, and ecosystem partnerships.
SushiSwap generates revenue through trading and transaction fees applied at the protocol level on swaps, with fee shares distributed to liquidity providers and the protocol treasury per on-chain smart contract logic. In December 2025, Synthesis made a strategic investment and appointed Alex McCurry as CEO to accelerate ecosystem and revenue expansion. The protocol previously received institutional validation through GoldenTree's $5.3 million SUSHI-token stake in October 2022. As of 2025, SushiSwap recorded $110 million in 24-hour trading volume — meaningful but ranking sixth behind Uniswap, PancakeSwap, 1inch, Curve, and OKX DEX.
SushiSwap firmographics
Firmographics- Name
- SushiSwap
- Website
- https://sushi.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SushiSwap is a multi-chain decentralized exchange (DEX) built on AMM architecture, serving global DeFi traders and liquidity providers across 40+ blockchains including Ethereum, Solana, Base, Arbitrum, Katana, and Stellar. It offers non-custodial token swaps, cross-chain trading via Circle CCTP and Jupiter, Orbs-powered advanced order types, and tokenized real-world asset trading on Stellar.
- Ownership category
- akta.pro rank
SushiSwap industry classification
Industry- Product category
- Decentralized Exchange (DEX) / DeFi Trading Platform
- NAICS
- Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (5232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211), Asset-Backed Securities (6189)
- akta.pro primary industry
- Tokenization Platforms (RWA, Securities, Funds) (FSAGAMAA)
- akta.pro secondary industries
- Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned) (FSAPAIAL), Tokenized Collateral & On-Chain Credit Infrastructure (Collateral Mgmt, Liquidations) (FSAGAMAK), Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE)
Keywords
Where SushiSwap is headquartered
LocationHeadquarters
- HQ city
- Tokyo
- HQ country
- Japan
- HQ region
- Asia
Markets served
SushiSwap business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Infrastructure, Personnel, Operations, Marketing or Sales
Revenue model
- Trading/Transaction Fees: SushiSwap generates revenue through trading fees collected on token swap transactions executed on its decentralized exchange. Fee revenue is distributed to liquidity providers and the protocol treasury. As an AMM-based DEX, fees are earned on each trade executed through liquidity pools.
- Strategic Investment: Sushi announced a strategic investment from Synthesis (led by new CEO Alex McCurry) to expand its ecosystem and revenue streams, representing a capital injection to fund growth initiatives.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | DEX trading fee applied on swap transactions |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels3 records
SushiSwap product offering
Product offeringCore offering
SushiSwap is a multi-chain decentralized exchange (DEX) and automated market maker (AMM) that enables peer-to-peer cryptocurrency trading through liquidity pools. The platform supports token swaps, liquidity provision, cross-chain trading, and advanced order types (dSLTP, dLIMIT, dTWAP) across Ethereum, Solana, Stellar, Base, Arbitrum, Katana, and 40+ blockchain networks. It also enables trading of tokenized real-world assets including US Treasuries and CLOs on its Stellar network integration.
Product overview
SushiSwap is a multi-chain decentralized exchange (DEX) platform offering token swaps, liquidity pools, and advanced trading features. The core product consists of SushiSwap (the main DEX interface) and the Sushi application, which are available across multiple blockchain networks including Ethereum, Solana, Stellar, Base, Arbitrum, and Katana. The platform integrates advanced order types powered by Orbs protocols (dSLTP, dLIMIT, dTWAP) for automated risk management and sophisticated trading strategies. Cross-chain functionality is enabled through integrations with Circle's CCTP and Stellar, supporting asset transfers across 40+ networks. The platform also supports trading of tokenized real-world assets including US Treasuries and CLOs on its Stellar network integration.
Differentiator
Problem solved
Functional benefit
Products and services
- SushiSwap Decentralized Exchange Multi-chain decentralized exchange (DEX) and automated market maker (AMM) that enables peer-to-peer cryptocurrency trading through liquidity pools across Ethereum, Solana, Stellar, Base, Arbitrum, Katana, and 40+ blockchain networks, offering token swaps, cross-chain trading, and advanced order types for individual crypto traders and liquidity providers.
- Sushi on Solana SushiSwap's deployment on the Solana blockchain, providing token swap and cross-chain trading functionality to Solana ecosystem users through Jupiter's Ultra API for liquidity aggregation and trade execution.
- Cross-Chain Swap Infrastructure Cross-chain swap functionality enabling users to move assets across 40+ blockchain networks, supporting XLM and USDC swaps via integration with Stellar and Circle's Cross-Chain Transfer Protocol (CCTP), expanding accessibility and interoperability for blockchain assets.
Quantifiable outcome
- SUSHI token price increased 14% following GoldenTree's $5.3 million stake disclosure
- +1 more outcomes
Companies that use SushiSwap
Customer profileSegments3 records
Ideal customer profiles2 records
SushiSwap technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
Feature5 records
SushiSwap partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- OrbscoreSushiSwap integrated Orbs-powered dSLTP (decentralized Stop-Loss Take-Profit) protocol into its trading interface across Ethereum, Base, Arbitrum, and Katana blockchain networks. This builds on existing Orbs-powered protocols including dLIMIT and dTWAP, bringing advanced order types to a fully on-chain decentralized trading environment.
- StellarcoreSushiSwap and Stellar launched cross-chain swaps for XLM and USDC, enabling users to move assets across multiple blockchain networks via SushiSwap's multi-chain infrastructure. The integration expanded accessibility and interoperability for Stellar-based assets, with tokenized US Treasuries and AAA-rated CLOs also tradeable on SushiSwap's Stellar network.
- CirclecoreCircle integrated its Cross-Chain Transfer Protocol (CCTP) on Stellar to support SushiSwap's cross-chain swaps for XLM and USDC across 40+ blockchain networks. CCTP enables native USDC transfers across chains, underpinning SushiSwap's cross-chain trading infrastructure.
- JupitercoreSushiSwap's Solana deployment leverages Jupiter's Ultra API for efficient trade execution. Jupiter serves as the liquidity aggregator and routing infrastructure enabling SushiSwap to offer competitive token swaps and cross-chain trading on Solana.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
SushiSwap competitors and assessment
Company assessmentEmerging players
- Orca: Solana-native AMM DEX with concentrated liquidity. Competes directly with SushiSwap's Solana deployment and represents the chain-native incumbent on that network.
Direct peers
- Uniswap: Largest decentralized exchange and AMM on Ethereum and multiple L2s. Direct competitor to SushiSwap with significantly higher volume ($1.1B daily vs $110M) and broader brand recognition.
- Raydium: Leading AMM on Solana, integrated with Serum/OpenBook. Directly competes with SushiSwap's newly launched Solana deployment for native Solana liquidity.
- Balancer: Multi-chain AMM DEX supporting weighted pools and custom liquidity configurations. Directly comparable to SushiSwap on architecture (AMM) and target users (DeFi LPs and traders).
- Curve: DEX specialized in stablecoin and like-asset swaps using stableswap invariant. Operates across multiple chains and competes with SushiSwap for liquidity provider and trader attention ($220M daily volume).
- PancakeSwap: Multi-chain DEX originally on BNB Chain, now spanning Ethereum, Arbitrum, Base, and others. Competes head-to-head with SushiSwap on multi-chain AMM volumes ($410M daily).
- 1inch: DEX aggregator that routes trades across multiple AMMs. Overlaps with SushiSwap's multi-chain aggregation value prop and competes for the same trader flow ($320M daily volume).
- Trader Joe: DEX on Avalanche expanding to other L1s/L2s. Comparable multi-chain AMM model and retail/pro trader focus, competing for the same cross-chain liquidity user base.
Regional players
- QuickSwap: Polygon-native DEX now expanding to other L2s and EVM chains. Comparable AMM architecture with strong Polygon roots and overlapping cross-chain ambitions.
Broad incumbents
- OKX DEX: DEX aggregator from centralized exchange OKX. Competes with SushiSwap for aggregated routing volume ($180M daily) and benefits from OKX's broader retail crypto distribution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
SushiSwap social profiles
Digital presenceSushiSwap financial estimates
Financial estimateRevenue estimate
Valuation estimate
SushiSwap leadership team
Management profileNumber of profiles
Profiles2 records
SushiSwap funding detail
Funding detailFunding overview
Funding rounds1 record
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SushiSwap M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SushiSwap
What does SushiSwap do?
SushiSwap is a multi-chain decentralized exchange (DEX) and automated market maker (AMM) that enables peer-to-peer cryptocurrency trading through liquidity pools. The platform supports token swaps, liquidity provision, cross-chain trading, and advanced order types (dSLTP, dLIMIT, dTWAP) across Ethereum, Solana, Stellar, Base, Arbitrum, Katana, and 40+ blockchain networks. It also enables trading of tokenized real-world assets including US Treasuries and CLOs on its Stellar network integration.
Is SushiSwap a public or private company?
SushiSwap is a private company. It is classified as venture growth investor backed and is currently operating.
When was SushiSwap founded?
SushiSwap was founded in 2020. It employs 11 to 50 people.
Where is SushiSwap based?
SushiSwap is headquartered in Tokyo, Japan, in the Asia region.
How does SushiSwap make money?
Two revenue lines are on record. Trading/Transaction Fees are the primary driver. The others are strategic Investment.
Who are SushiSwap's main competitors?
Orca is listed as an emerging player. Direct peers are Uniswap, Raydium, Balancer, Curve, PancakeSwap, 1inch and Trader Joe. QuickSwap is listed as a regional player. OKX DEX is listed as a broad incumbent.
Does SushiSwap have an API?
No public API is recorded for SushiSwap.
What industry is SushiSwap in?
SushiSwap's product category is Decentralized Exchange (DEX) / DeFi Trading Platform. Its primary akta.pro industry code is FSAGAMAA, Tokenization Platforms (RWA, Securities, Funds), with a secondary code of FSAPAIAL, Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned). Its NAICS code is 523210 and its SIC code is 6200.