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eToro SushiSwap Trading

How to Trade SUSHI on eToro?

You can buy and sell SushiSwap's token, copy professional SUSHI traders, and invest as low as $10 with eToro's user-friendly platform.

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The Ultimate Guide to Trading SushiSwap With eToro

As a fully decentralized on-chain protocol for exchanging tokens built on the Ethereum network, Sushi Swap applies the concept of 'liquidity pools' as a process for automated market-making (AMM) as opposed to an orderbook or a counterparty. By providing ETH and an ERC20 token of their choice, anyone can create a liquidity pool for their own token, and it guarantees automatic price discovery. As part of its expansion, Sushi has launched BentoBox lending platform.

SushiSwap is ran by a community through voting on certain governance matters. All fees collected by SushiSwap are distributed equally between token holders of $SUSHI — SushiSwap's native currency — and the liquidity providers (LPs).

Before you proceed, you might want to check out SushiSwap’s trading dashboard page, so you can study various charts about its historical price, forecast and latest news about the SushiSwap decentralized protocol. eToro's user-friendly and intuitive interface will easily guide you to open trades effortlessly and keep track of your investments. When you feel like now is the time to invest on SushiSwap, you may do so by signing up for an eToro account.

Table of Contents

  1. History of SushiSwap
    Who invented SushiSwap? (43sec)
  2. What is SushiSwap's Native Token?
    The token tied to the SushiSwap exchange (9sec)
  3. SushiSwap Price History
    SUSHI historical data (10sec)
  4. How Does SushiSwap Work?
    How do you use SushiSwap? (50sec)
  5. SUSHI in Circulation
    How many SushiSwap coins are there? (16sec)
  6. SushiSwap in a Nutshell
    SushiSwap in just a few words (18sec)
  1. SushiSwap Forecast
    Will SUSHI coin go up? (22sec)
  2. How to Buy SushiSwap?
    Where to purchase the token? (11sec)
  3. How to Trade SushiSwap (SUSHI) on eToro?
    Beginner's step-by-step guide (15sec)
  4. Is SushiSwap a Good Investment Now?
    Is it worth investing in SushiSwap? (36sec)

Sign-up now to begin trading SushiSwap!

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History of SushiSwap

SushiSwap was first launched in August 2020 as a fork of Uniswap. As both decentralized exchange and a cryptocurrency token, SushiSwap differs heavily from Uniswap because it offers both a governance token in its native currency SUSHI and also for liquidity mining.

On September 5th of the same year, SushiSwap gained notoriety when an anonymous protocol called "Chef Nomi" named after the founder of SushiSwap emptied the development fund in exchange of 37,400 ether which caused SUSHI's value to plummet more than 75%.

SushiSwap logo
SushiSwap logo

After pressure from the crypto community, Chef Nomi turned the key to SushiSwap to FTX CEO Sam Bankman-Fried who eventually halted the migration. Chef Nomi later apologized and returned the ether back.

Since then, an organized set of controls and protocols were put in place. SushiSwap has gained more than $3 billion in liquidity and has upped its value by more than 1,000%.

What is SushiSwap's Native Token?

SUSHI is the native currency of SushiSwap. It is an Ethereum token. This is also the symbol that is used by this crypto asset on brokerages and digital exchanges.

SushiSwap Price History

SUSHI reached its all-time high price of $23.38 on March 2021 following the ban on crypto by China.

Following the Chef Nomi controversy, SUSHI hit its all-time low value of $0.4737 on November 2020.

How Does SushiSwap Work?

Originally launched as a copy (or fork) of another decentralized exchange (DEX), Uniswap, SushiSwap is an open-source, decentralized exchange that runs on the Ethereum blockchain. SushiSwap is an automated market maker (AMM), which defines its network as something that does not rely on an orderbook or a counterparty to operate. SushiSwap instead, applies the concept of liquidity pools and smart contracts to execute trades without the need for a centralized authority. A liquidity pool is made up of tokens held by other users, who stake their tokens to earn rewards.

As part of SushiSwap's on-chain governance, SUSHI holders receive a share of the fees collected from user transactions.

SushiSwap offers several other features. This includes yield farming and lending, in addition to its decentralized exchange and liquidity pools. BentoBox, for instance, is a token vault that produces yield on SushiSwap. The SushiBar, another network within the exchange, was developed as part of BentoBox, a yield farming and staking service that gives users value-added xSUSHI tokens earned from the platform's fees.

SUSHI in Circulation

To date, there are around 127.2 million SUSHI in circulation comprising 51% of its over-all supply.

When it started, SUSHI was developed to have an infinite inflation, which means it won't have any set cap on its supply. However, the SushiSwap community agreed later on to install a hard supply cap of 250 million SUSHI.

SushiSwap in a Nutshell

With SushiSwap, users can buy and sell a diverse set of crypto assets through a simplified version of a traditional market. On SushiSwap, tokens are maintained by smart contracts instead of a single central authority. In addition, users can opt to lock crypto on the software, which other traders can gain access. Users who want to sell against locked securities must shell out a premium amount. According to the funds invested, the premium is then uniformly distributed to all liquidity suppliers.

SushiSwap Forecast

Several price prediction analysts put SushiSwap's price forecast in the coming years as ranging from $1.50 to $1.75 by the end of 2022 to as high as $6.20 - $7.25 by 2030.

While all these forecasts are not guaranteed to become real due to a number of unforeseen events that may occur in the crypto market in the future, these forecasts are based on the current structure of SushiSwap's blockchain network, real-time crypto market and demand.

How to Buy SushiSwap?

The easiest way to buy and invest on SUSHI is through a broker or a trading platform. Especially useful for those beginning to invest on cryptocurrencies are trading platform apps like eToro.

SushiSwap trading on eToro's platform
SushiSwap trading on eToro's platform

How to Trade SushiSwap on eToro?

  1. On your eToro dashboard, click "Discover".
    Clicking "Discover" on eToro
    Clicking "Discover" on eToro
  2. Select "Crypto".
    Selecting "Crypto" eToro's platform
    Selecting "Crypto" on eToro's platform
  3. Scroll down to look for "SUSHI".
    Looking for SushiSwap on eToro's list of crypto assets
    Looking for SushiSwap on eToro's list of crypto assets
  4. Click "Buy" and set the amount you want to invest.
    Buying SushiSwap (SUSHI) on eToro's platform
    Buying SushiSwap (SUSHI) on eToro's platform
  5. "Click "Open Trade".
    Executing SUSHI buy order on eToro
    Executing SUSHI buy order on eToro

Is SushiSwap a Good Investment?

SushiSwap provides a solid investment option for investors looking to explore the crypto market further. As one of the most sound and logical choice especially for traders who believe in the promise of decentralized finance and AMMs, SushiSwap stands to remain as an attractive asset among DeFi investors.

Pros of SushiSwap includes attaining good yields for long-term investment and maximizing the real power of DeFi, thus making SushiSwap holders and investors as among the pioneers of this technology. All that plus the high growth potential of SushiSwap's native currency, the SUSHI.

Like all financial assets and cryptos, SushiSwap comes with some risks and few disadvantages. However, after weighing all the pros and cons, SushiSwap appears to be a wise investment choice.

Ready to trade SushiSwap?

Open trading positions and invest on SUSHI through a trusted online brokerage and trading platform such as eToro. With numerous features like the CopyTrading where you can copy the trades made by successful traders, investing on cryptos such as SUSHI becomes easier. To start learning and trading, just click on the button below to sign up for your eToro account.


eToro is a multi-acentricat platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoacentricat investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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