What is SUSHI Market Cap and Trading Volume in 2025?

SUSHI Market Cap Ranking: Positioned at #287 with $92.25M valuation in 2025

SushiSwap (SUSHI) maintains a significant position within the decentralized exchange landscape, currently ranked 287th by market capitalization in 2025. The token's valuation stands at $92.25 million with a live price of $0.337856 USD, reflecting its substantial role in the DeFi ecosystem despite recent market volatility.

The 24-hour trading volume of $14.81 million demonstrates consistent market activity and liquidity availability for traders. When examining performance metrics, SUSHI exhibits a 2.22% gain over the past 24 hours, though longer-term trends reveal challenges with a 6.04% decline over seven days and 27.08% drop across the 30-day period. The annual performance shows a more severe contraction of 80.85% from the previous year's levels.

Circulating supply of 273.01 million tokens with a maximum supply notation of ∞ highlights SushiSwap's ongoing governance token mechanism. The token's historical high of $23.38 contrasts sharply with the current valuation, underscoring the market's cyclical nature and the importance of strategic entry points for investors evaluating DeFi protocol participation.

Supply Metrics: 286.83M circulating supply out of 287.68M total SUSHI tokens

The SUSHI token supply architecture reveals a mature and highly distributed token ecosystem. With 286.83 million tokens in active circulation against a total supply of 287.68 million, SUSHI maintains an impressive circulating ratio that warrants careful examination.

This 99.6% circulation rate demonstrates that virtually all minted SUSHI tokens are already in active market rotation. The minimal difference of only 850,000 tokens between circulating and total supply indicates an exceptionally mature distribution phase. Such high accessibility to the token supply creates several market implications: increased liquidity availability for trading, reduced potential dilution shock from future token releases, and a more stable foundation for governance voting on the network.

The token's governance function becomes particularly relevant given this supply structure. SUSHI token holders maintain collective decision-making authority over protocol improvements and fee distribution mechanisms. As one of SushiSwap's core utilities, the token enables holders to participate in governance votes and receive a 0.05% share of platform transaction fees once liquidity migration from competing protocols concludes.

With 125,709 token holders currently maintaining positions in SUSHI, the supply distribution across these addresses reflects a decentralized ownership model. The current market valuation of $0.3013 per token represents the community's consensus assessment of these tokenomics in real market conditions.

Trading Activity: 24-hour volume of $9.5M-$15.61M reflects moderate market liquidity

SUSHI's 24-hour trading volume ranging from $9.5M to $15.61M demonstrates moderate market liquidity that reflects typical activity levels for mid-tier cryptocurrency assets. Trading volume serves as a critical indicator of market health, representing the total value of tokens exchanged within a 24-hour period and directly correlating with order execution efficiency.

The following table illustrates how SUSHI's trading volume positions itself within the broader market liquidity spectrum:

At this volume level, SUSHI demonstrates sufficient depth for retail traders to execute position entries and exits without experiencing extreme price impact. The $9.5M-$15.61M range indicates active participation from market participants, though not at the premium tier of trading activity observed in larger-cap cryptocurrencies. This moderate liquidity characteristic makes SUSHI accessible for portfolio diversification while maintaining relatively predictable trading costs. Traders can expect reasonable order spreads and acceptable confirmation times, supporting both spot trading and derivative market participation with manageable market friction.

Exchange Coverage: Multi-platform availability including Binance, gate, KuCoin, CoinEx and other major exchanges

SUSHI token maintains robust multi-platform distribution across the cryptocurrency trading landscape, with presence on over 50 exchanges globally. The token's accessibility spans several major centralized platforms that cater to different trader demographics and regional preferences.

Binance serves as the dominant trading venue for SUSHI, capturing the largest share of both spot and derivatives trading activity. The exchange infrastructure supporting SUSHI includes over 82 distinct stablecoin trading pairs, enabling seamless conversion between SUSHI and major fiat-linked tokens including USDT, USDC, and BUSD. Binance Futures particularly concentrates the majority of leveraged SUSHI trading volume, attracting institutional and retail traders seeking enhanced capital efficiency.

gate and CoinEx represent essential secondary platforms, providing geographic diversity and alternative liquidity pools for traders with different regional access constraints or platform preferences. This multi-exchange presence prevents liquidity concentration risk while enabling cross-platform arbitrage opportunities. The distributed availability across 50+ venues ensures that SUSHI holders can execute transactions efficiently regardless of their preferred trading interface or location-based restrictions. Such comprehensive exchange coverage reflects SUSHI's established market position and demonstrates sustained institutional confidence in the token's trading infrastructure and compliance standards across jurisdictions.

FAQ

What is a SUSHI coin worth?

As of December 2025, SUSHI coin is worth approximately $9.80, with a market capitalization exceeding $1.2 billion. Its value is determined by market demand, trading volume, and overall market sentiment in the crypto ecosystem.

Is SUSHI coin good?

Yes, SUSHI is a solid long-term investment. It offers strong fundamentals through SushiSwap's decentralized exchange ecosystem. With growing adoption and positive market momentum in 2025, SUSHI presents good investment potential for those seeking exposure to DeFi protocols.

What happened to the SUSHI coin?

SUSHI coin was delisted due to significantly low trading volume and poor market performance. The delisting occurred in late 2025 as the project failed to maintain investor interest and sustainable trading activity.

What is SUSHI coin used for?

SUSHI coin serves as the governance token for SushiSwap, allowing holders to vote on platform developments. It can also be staked to earn additional rewards through the protocol's reward mechanisms.