SushiSwap Review: What You Need to Know About This Decentralized Exchange

When you hear SushiSwap, a decentralized exchange built on Ethereum that lets users trade crypto without a middleman. Also known as Sushi, it started as a fork of Uniswap and quickly became one of the most talked-about DeFi platforms. Unlike centralized exchanges like Binance or Coinbase, SushiSwap runs on smart contracts. That means no company controls your funds—you hold your own keys and trade directly from your wallet. It’s not just a trading platform; it’s a community-driven protocol where users earn rewards just for providing liquidity.

One of its biggest draws is the SUSHI token, the native cryptocurrency that gives holders voting power and a share of trading fees. Holders can vote on upgrades, fee structures, and even how the treasury spends money. That’s rare in crypto—most projects are run by a small team with no real user input. But SushiSwap’s model depends on active participation. If no one stakes SUSHI or adds liquidity, the whole system slows down. And that’s exactly what’s happened in recent years. Liquidity has dropped, trading volume is a fraction of what it was in 2020, and many users moved to newer DEXs with lower fees or better interfaces.

It’s also important to know that SushiSwap isn’t just one thing. It’s a whole ecosystem—there’s SushiSwap on BSC, on Polygon, even a lending platform called Kashi. But most of the action still happens on Ethereum, and that comes with high gas fees. If you’re trading small amounts, you might lose more to fees than you make. And while the platform still supports hundreds of tokens, many are low-liquidity, high-risk meme coins. You’ll find plenty of those in the posts below—projects that rode the SushiSwap wave only to vanish weeks later.

So is SushiSwap still worth using? For experienced traders looking to swap obscure tokens or earn yield from liquidity pools, maybe. For most people, it’s not the easiest or cheapest option anymore. But it’s still a key part of DeFi history—and understanding how it works helps you spot the next big thing, or the next scam. Below, you’ll find real reviews, user reports, and breakdowns of tokens that launched on SushiSwap. Some made money. Most didn’t. The truth is rarely in the hype.