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About SushiSwap
Analysis of 12 Oct 2026SushiSwap is a multi-chain decentralized exchange and automated market maker deployed across more than forty blockchain networks. The protocol originated as an Ethereum automated market maker and broadened into cross-chain swaps through its SushiXSwap routing engine.
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Governance functions through the Sushi DAO Foundation, while product development proceeds via Sushi Labs. Circulating token supply exceeds 286 million units out of a 291 million cap, keeping token dilution minimal.
The protocol conducts weekly open-market token buybacks funded by swap fee distributions. Total value locked stabilizes near $110 million across Ethereum, Arbitrum, Base, and partner networks.
