Sushi, the native token of the SushiSwap decentralized exchange, has a dynamic price history since its launch in August 2020. This article provides a comprehensive analysis of its historical performance, key market data, and significant milestones.
Overview of SUSHI Token Performance
The Sushi token was first detected on trading platforms at an initial rate of $2.39. Historical data, available since September 2020, shows substantial volatility. The asset reached its all-time high of $21.86 in March 2021. Conversely, it experienced a significant low of $0.4947 in April 2025.
In its first recorded year, SUSHI closed at $2.86, marking a 119.68% increase from its opening value. The year 2021 proved to be its most successful period, with an average price of $11.19 and a closing value of $9.47 after briefly touching a maximum price of $23.39.
Detailed Historical Price Data
The following table presents a snapshot of recent daily trading data for SUSHI, including open, high, low, and close prices, alongside trading volume and market capitalization. This data is crucial for understanding short-term market sentiment and liquidity.
| Date | Open | High | Low | Close | Volume | Volume(SUSHI) | Market Cap |
|---|---|---|---|---|---|---|---|
| 07/01/2025 | $0.6014 | $0.6036 | $0.5680 | $0.5716 | $12.6 M | 21,578,370 | $112.7 M |
| 06/30/2025 | $0.6333 | $0.6350 | $0.5963 | $0.6015 | $18.2 M | 29,792,350 | $118 M |
| 06/29/2025 | $0.5987 | $0.6399 | $0.5924 | $0.6334 | $15 M | 24,902,765 | $116.3 M |
| 06/28/2025 | $0.5813 | $0.6033 | $0.5737 | $0.5989 | $12.1 M | 20,714,749 | $113.1 M |
| 06/27/2025 | $0.5735 | $0.5889 | $0.5666 | $0.5813 | $14.6 M | 25,109,665 | $111.9 M |
| 06/26/2025 | $0.5890 | $0.6110 | $0.5715 | $0.5739 | $21.9 M | 37,249,686 | $113.1 M |
| 06/25/2025 | $0.6115 | $0.6161 | $0.5852 | $0.5889 | $19.2 M | 32,015,107 | $115.8 M |
| 06/24/2025 | $0.6080 | $0.6231 | $0.6027 | $0.6112 | $27.1 M | 44,368,294 | $117.7 M |
| 06/23/2025 | $0.5366 | $0.6093 | $0.5366 | $0.6091 | $40.4 M | 72,163,316 | $108 M |
| 06/22/2025 | $0.5511 | $0.5603 | $0.5069 | $0.5362 | $27.3 M | 50,702,460 | $103.6 M |
This data illustrates the token's price fluctuations and trading activity, offering insights for technical and fundamental analysis.
Key Milestones and Project Developments
The Sushi ecosystem is continually evolving, with regular updates and integrations that can influence the token's market performance. Recent community events and technical integrations include the Katana AMA, discussions with DRPC, and the integration of Curve Metapools and CRV Metapools. The launch of new tools like the DeFi Scanner and the support for SwapX also contribute to the project's growth. Each development can impact investor perception and, consequently, the token's valuation. For those looking to dive deeper into decentralized finance strategies, explore more advanced analytics here.
Factors Influencing SUSHI's Price
The price of SUSHI is influenced by a combination of broader cryptocurrency market trends and project-specific factors. Key drivers include:
- Overall Crypto Market Sentiment: As a DeFi token, SUSHI often correlates with the performance of major assets like Bitcoin and Ethereum.
- Platform Adoption and Usage: Increases in trading volume and liquidity provision on SushiSwap directly impact demand for the token.
- Protocol Upgrades and Governance: Changes to the protocol, new feature launches, and community governance proposals can cause price volatility.
- Competitive Landscape: The constant evolution of the DeFi space and the emergence of new competitors can affect Sushi's market position.
Understanding these factors is essential for any comprehensive market assessment. To stay updated on these dynamic changes, view real-time market data tools.
Frequently Asked Questions
What was the starting price of Sushi (SUSHI)?
The initial exchange rate for SUSHI was detected at $2.39 shortly after its launch in August 2020. The first full day of recorded data in September 2020 provides the foundational pricing information for historical analysis.
When did SUSHI reach its highest price?
SUSHI achieved its all-time high price of $21.86 in March 2021. This period marked a bullish phase for many decentralized finance tokens, with SushiSwap gaining significant traction in the market.
What does the future hold for SushiSwap's token?
The future valuation of SUSHI depends on the continued adoption of the SushiSwap platform, the success of its ongoing developments, and overall conditions within the decentralized finance sector. Its utility for governance and fee-sharing remains a core value proposition.
How can I track SUSHI's price live?
Numerous cryptocurrency data websites and portfolio trackers provide real-time price information, market cap, and trading volume for SUSHI. These platforms offer charts and technical indicators for detailed analysis.
What is the utility of the SUSHI token?
The SUSHI token serves multiple purposes, including allowing holders to participate in platform governance votes, stake tokens to earn a share of the platform's fees, and provide liquidity in various farming pools.
How does SushiSwap compete with other DEXs?
SushiSwap competes by offering a wide range of features like yield farming, lending, and margin trading, alongside its core automated market maker (AMM) swap functionality. Continuous innovation and community-led development are key to its competitive strategy.