What is SushiSwap? ($SUSHI)
SushiSwap is a decentralized protocol designed to operate atop the Ethereum mainnet. The SushiSwap software enables trading on cryptocurrency assets between users holding ERC20 tokens. In this way SushiSwap shares similarities with the Uniswap protocol and network. SushiSwap shares similarities in the achievement of liquidity as well, remaining fully decentralized in the process.
SushiSwap uses the collection of liquidity provided by individuals in the liquidity pools accessible on the unique decentralized platform. This process implemented by the SushiSwap network protocol is referred to as an Automated Market Maker (AMM) system. When individuals swap tokens on the SushiSwap DEX, the exchange is made possible by liquidity which is locked away in smart contracts provided by the 50-50 liquidity pairs initiated by individual liquidity providers.
More about SushiSwap cryptocurrency $SUSHI
The native cryptocurrency for the SushiSwap project and protocol is referred to by its ticker $SUSHI. $SUSHI is an ERC20 token, and therefore interchangeable for other Ethereum based tokens. $SUSHI is the network token for the decentralized finance operation conducted on the SushiSwap network, but is additionally, a governance token, and gives users the ability to make decisions affecting the future of the project.
Additionally, users are able to simply provide $SUSHI to the decentralized platform in exchange for a part in small transaction fees charged for all activity on the popular DEX. New and existing Firstrade customers are able to buy SushiSwap ($SUSHI), sell and trade on the Firstrade cryptocurrency trading platform.
More about SushiSwap ($SUSHI)
SushiSwap is a popular DEX and decentralized project, and the $SUSHI cryptocurrency is consistently in the top 150 cryptocurrencies of the thousands in circulation. The vast ecosystem establishes a variety of applicable utilities the native crypto is used to propel within it.
Firstrade cryptocurrency platform allows users to buy and sell cryptocurrency. Learn more about SushiSwap ($Sushi) and check the most current cryptocurrency prices on Firstrade.