what's sushiswap?
SushiSwap is a major multi-chain decentralized exchange (DEX) operating across 30+ blockchain networks including Ethereum, Arbitrum, Polygon, and others. Originally launched in 2020 as a Uniswap fork, it has evolved into a comprehensive DeFi platform offering swapping, staking (xSUSHI), lending (Kashi), and automated vault services (BentoBox). The platform recently launched trending tokens feature on its Katana interface powered by CoinGecko, with volume surpassing $500M and showing strong growth momentum. SushiSwap has overcome historical challenges including a 2020 founder exit and has established itself as a community-governed protocol with strong presence on layer 2 solutions like Arbitrum for reduced gas fees. The platform offers various yield opportunities including new USDC/ETH pool rewards and hemiBTC pools, while maintaining partnerships with projects like Veera, CharmFinance, and Socket Protocol for enhanced functionality.
Sushiswap's emissions vote was dominated by one wallet as developers target $20M revenue; DAO raised emissions cap.
contract
ethereum
arbitrum-one
near-protocol
harmony-shard-0
avalanche
celo
solana
polygon-pos
energi
sora
base
binance-smart-chain
fantom
Launched Solana support on February 9, 2026, with a Solana-native DEX, integrating with Jupiter Exchange.
The emissions vote was decided by one wallet holding 99.9% of voting power with no opposition, as developers work toward $20 million annual revenue target focusing on Ethereum and Base networks.
DAO votes to raise SUSHI emissions cap to 5% to increase liquidity depth and growth, accepting higher token dilution to boost long-term fees and treasury strength.
SushiSwap V3 vbUSDT-vbETH pool on Katana/Polygon offers 277% APR with $313,040 TVL, running campaign from Dec 4, 2025 to Jan 7, 2026.
SushiSwap generates $13.2K revenue on Katana in November, down 81%, while stablecoin flow rises 38%.
SushiSwap holds over $120m TVL on Katana as the top LP pool, with USDC/USDT pair offering 21.93% APR including KAT rewards.
SUSHI breaks below multi-year support levels held since 2022 or 2023 as part of broader altcoin decline since October 10th.
Distributes KAT token incentives to liquidity providers, valuing KAT at $0.10 (1B FDV) for farming calculations. avKAT token is available for trading, allowing conversion of existing vKAT positions.
PEPE/ETH trading pair goes live on Katana with attractive APR.
SushiSwap (Sushi RP9) is now live on Monad blockchain.
LINK/ETH trading pair goes live on Katana with yield opportunities available.
Alex McCurry buys 10M SUSHI tokens while claiming leadership position from Jared Grey.
Jared Grey steps down as Head Chef and Managing Director after 3+ years, transitioning to advisory role while Synthesis makes a capital investment and Alex McCurry joins as new Managing Director to lead the next era.
Head Chef and Managing Director steps down after 3+ years, transitioning to advisory position as Alex McCurry joins as new Managing Director following significant capital investment from Synthesis to support long-term growth and operations.
Lombard's BTC.b goes live on Katana with Morpho, with 330 BTC.b already onchain. Supports zBTC trading with swaps now available.
Katana's October Ecosystem Report shows $463K in network revenue, $583M TVL, and 82% month-over-month increase in application fees, with SushiSwap reaching new highs on the platform. VaultBridge + AUSD treasury donations resume operations after being paused.
SushiSwap becomes the first licensee of Ekubo Protocol's multi-chain AMM infrastructure V3 release, gaining access to what Ekubo describes as the most efficient DEX architecture on EVM.
New agentic strategies on Katana deliver 32.03% yield for stablecoins and 14.43% for delta-neutral ETH across SushiSwap, Spectra Finance, and Hyperliquid since early November. INFINIT Labs integrates with Gate Wallet, providing 40M+ users one-click access to strategies using SushiSwap.
SushiSwap funded 95% of the $260k legal fees for the former team member fighting the SEC case, a decision that faced community opposition at the time. (ID: 1989096208997228662)
A former team member publicly discloses they left SushiSwap due to SEC legal harassment under Gensler, spending $260k in legal fees over a year fighting the case.
Katana's VaultBridge distributes $100k+ in yield to boost borrows and liquidity pools on Morpho, Sushi, and Spectra, increasing in-kind APY for users.
mRe7SOL launches on Katana as the first EVM-based Solana managed yield strategy through Re7Labs and MidasRWA partnership, offering diversified exposure to SOL-native yield opportunities across Sushi, Morpho, and fixed yield strategies.
Integrated Solana blockchain with Katana on February 9, 2026, supporting uSOL and jitoSOL tokens with swap, borrow, lend, and vault functionality across MorphoLabs, turtledotxyz, MidasRWA, and Re7Labs. Powered by Jupiter Ultra API for trading Solana-native assets.
Blade pool on Base network now provides more than 200% APR (no rewards yet).
Blade Base pool on SushiSwap offers 100%+ APR without additional rewards yet.
Stable pools featuring sfrxUSD and AUSD on SushiSwap on Katana provide 40%+ APR yields, now accessible via FraxNet.
Spectra Finance LPs integrate with vaultbridge on Katana, with retroactive rewards starting October 14th and $63,000 in additional yield generated over the past week across Morpho borrows, Sushi LPs, and Spectra LPs for USDC and WETH pools.
sYUSD/USDC liquidity pool now live on SushiSwap with YUSD and sYUSD tokens launched via LayerZero OFT integration.
Blade, a no-impermanent-loss AMM product from SushiSwap, launches on Katana platform.
All-time high productive TVL recorded for SushiSwap on Katana platform with chain revenue providing real yield liquidity mining incentives.
Katana provides OKX with 20 million KAT tokens to boost yields on Sushi/Morpho earn vaults as part of a new liquidity campaign.
SushiSwap reaches $1 billion in cumulative trading volume on Katana platform.
New SushiSwap V3 liquidity pool for WETH-VCRED pair goes live on Hemi network with ETH incentives for liquidity providers.
Six wallets controlled by one entity spend $4.29M in stETH to acquire 885,933 SUSHI tokens alongside UNI and LDO in a coordinated DeFi token purchase.
Frax Protocol goes live on Katana with frxUSD and sfrxUSD liquidity pools offering KAT and SUSHI rewards to liquidity providers.
VaultBridge liquidity mining program generates $88k+ yield boosting Morpho borrows and Sushi pools with perpetually funded mechanism, with retroactive rewards now tracking from September 30th.
Vault bridge liquidity mining launches on Katana with $135k+ yield boosting Sushi pools and Morpho borrowing APY, featuring retroactive rewards from September 19th.
New options primitive launches on Katana through Kodachi partnership, enabling liquidity providers to generate additional yield from calls and puts while maintaining swap fee earnings.
Katana TVL surpasses $500M milestone with SushiSwap dominating the protocol breakdown.
Platform offers bonus ETH incentives for WBTC/ETH liquidity provision on Katana.
New Superboard partnership launches quests with SUPR points and 15,000 POL rewards until September 30th.
New impermanent loss reduction AMM "Blade" announced; confirms Tokyo side event "The Samurai Gathering" with GSR on August 26, 2025.
zRouter integration enables access to 80% of Ethereum DEX market share through V2 helper and zAMM functionality.
New permissionless launchpad Kensei integrates automatic WETH pairing for graduated tokens.
Platform implements minimum yield guarantee program with 3% floor rate for stables, subsidized by KAT tokens, while building liquidity infrastructure for sustainable native yields.
New 1:1 SOL-backed token (uSOL) launches on platform with yield farming opportunities, available via SushiSwap, Universal swap, or direct minting.
New Katana farming pools generate $23.26 daily returns on $10k deposit with combined rewards in SUSHI, MORPHO, and KAT tokens.
Perpetual trading markets launch on Coinbase International Exchange with full order book functionality.
Lightspeed Venture Partner's Amy Wu participates in governance call, indicating increased institutional involvement.
New Coinbase futures listing launches July 24.
New borrowing incentive program launches with $KAT rewards exceeding borrowing costs on Morpho Labs platform using VaultBridge assets.
High-yield farming pools launch on Katana with 300%+ APR, accessible through new Universal platform Earn page.
Large sell order triggers 10-cent price drop within 3-minute window.
Aggregator achieves top 10 ranking by volume on DefiLlama.
New uSOL/wETH pool on Katana offers 106%+ APY yield farming opportunity.
New integration with Katana platform launches, supporting LBTC and BTCK trading pairs.
New liquidity pool strategy focuses on concentrated USDT-USDC and USDC-WBTC pairs to optimize trading efficiency and reduce slippage.
vKAT holders can now vote on KAT emissions allocation to DeFi pools and earn fees from supported pools.
$50M TVL target announced with conditional full-transparency AMA offering upon achievement. NO SIGNAL
Katana TVL on platform approaches 40M, showing upward trend
APY display functionality fix deploying this week, coinciding with significant KAT token distribution to early Krates depositors.
New yield farming pools launch on Katana mainnet offering up to 558% APR across multiple token pairs including MORPHO, YFI, and SUSHI.
New dual-token rewards program launches featuring both $SUSHI and $KAT rewards for select liquidity pools.
New VUSD-ETH pool on Ethereum L1 offers 35% APY for liquidity providers
Multi-token yield program expands with in-kind rewards and vaultbridge integration across major asset pools.
V4 protocol upgrade launching on Katana with dynamic fees and LP rehypothecation features, followed by multi-chain deployment.
New liquidity mining program launches with 400M KAT (4% of total supply) allocated to liquidity providers, featuring additional yields through Yearn vault integration.
Two new uAsset pools launch with $1M TVL; merkl yield incentives pending
Launch roadmap reveals gas subsidies, CEX integration, and 1-second block times with detailed yield structure including VaultBridge, L2, and AUSD yields.
New gamified layer launches through Wolfswap integration, expanding protocol functionality.
Katana announces integration with Sushi Swap protocol.
New LBTC vault launches with 15M KAT token allocation and multiple token rewards, deploying into SushiSwap pools for DeFi yield generation.
New deep liquidity pool implementation as Katana's core DEX app aims to reduce MEV risk and improve capital efficiency.
Katana integration reaches 200M in predeposits with confirmed role as core liquidity hub for network-level yield generation and distribution.
New integration with Katana mainnet enables automated DeFi yield generation through Morpho partnership.
New partnership introduces native stablecoin $USDA, fully collateralized by US Treasury bills, with T-bill yields directed to core DeFi pools.
New chain-owned liquidity model launches with Katana integration, using sequencer fees to build protocol-owned reserves.
Security alert: MEV vulnerability detected in cross-chain pool transactions with Stargate integration.
New security partnership implements DeFi Crypto Antivirus API, protecting against transfer locks and honeypots.
New vesting stream of $350K+ created, indicating potential insider allocation or team compensation.
Rango integrates aggregator functionality, enabling cross-chain swaps with enhanced liquidity and optimized pricing.
Sushi Labs acquired Shipyard Software, a DeFi infrastructure company.
Mentioned regarding price action looking "gnarly".
Price at $2.50 after 0.236 fib break. Reports of new CTO appointment.
Up 25% from entry but team proposing to liquidate treasury tokens.
Proposing to liquidate treasury token holdings according to governance.
Mentioned as part of upcoming alt run portfolio.