# SushiSwap (SUSHI): D-Score 43/100 — Moderately Decentralized

**BlockIndex D-Score: 43/100 (Moderately Decentralized).** SushiSwap (SUSHI) is a Layer 1 cryptocurrency using PoS consensus. SushiSwap (SUSHI): Community-governed multi-chain AMM and aggregator with ERC-20 governance token and xSUSHI fee rewards.

_Source: https://blockindex.ai/coin/sushi · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 43 |
| Node distribution | 0 |
| Initial distribution | 0 |
| Governance | 25 |
| Age and history | 13 |
| Autonomy | 5 |

## Key facts
- Layer: Layer 1
- Consensus: PoS (N/A)
- Launch: Fair Launch (2020)
- Founder: Chef Nomi; 0xMaki; Sarang Parikh; Sushi Labs
- VC funded: No
- Max supply: N/A
- Circulating: 286,835,036

## Market data (as of 2026-06-19)
- Price: $0.18
- Market cap: $50.4M
- 24h volume: $7.85M
- 24h change: -4.90% · 7d change: -0.61%

## About
SushiSwap (SUSHI) began life in September 2020 as an open-source, community-oriented decentralized exchange and liquidity protocol built on Ethereum. Originating as an automated market maker (AMM) forked from earlier AMM models, SushiSwap quickly expanded beyond a single DEX to form a modular DeFi ecosystem. The early history of the project is marked by a high-profile governance controversy and subsequent community-driven recovery; an anonymous initial deployer (commonly referenced as "Chef Nomi") transferred tokens and later returned them, after which community leaders such as 0xMaki and a collective development arm now known as Sushi Labs played central roles in stabilizing and growing the project. Over time SushiSwap evolved into a multi-chain aggregator and AMM with a broad product stack and a governance token (SUSHI) used for on-chain economics and off-chain proposal signaling.

At a technical level, SushiSwap is best described as an ERC-20 token and a suite of smart-contract modules focused on swaps, liquidity provisioning, lending, and yield strategies. The protocol's modular components include BentoBox (a vault and accounting layer), Kashi (lending/borrowing pairs), MISO (launchpad tools), Mirin (swap optimization), and Shoyu (NFT infrastructure). SushiXSwap and cross-chain integrations expanded Sushi's reach to dozens of networks, enabling wrapped or bridged SUSHI tokens and multi-chain liquidity routing. Smart contracts are verified on Etherscan and related L1/L2 explorers, audits and an ongoing Immunefi bug-bounty program have been part of the security posture, and third-party auditors such as CertiK and reviews like Defi Safety have been involved with the protocol.

The tokenomics of SUSHI are characterized by on-chain minting rules rather than a premined allocation: minting began at the specified Ethereum block with an initial circulating supply of zero and an ongoing issuance schedule (commonly referenced as 100 SUSHI per block and an approximate annual inflationary figure in the sources). Total supply figures reported in the aggregated sources place the supply in the high hundreds of millions (total supply reported ~287.7M with circulating supply estimates around ~273.0M at the cited snapshots). SUSHI also supports revenue sharing: holders can stake SUSHI to receive xSUSHI, which accrues a portion of protocol fees, providing an economic incentive for long-term holders and aligning governance engagement with fee sharing.

Governance is organized around Sushi DAO and off-chain signaling via Snapshot, with Sushi Labs serving as the primary development organization. The governance model is community-centric, with proposals and delegation handled through token-based voting systems; treasury and development allocations are subject to DAO processes rather than a single corporate executive. The project's multi-chain growth, emphasis on developer tooling, and steady feature rollouts continue to be the primary strategic priorities documented in the sources—expansions to additional chains (including a recent Stellar integration), ongoing work on cross-chain routing, and continued improvements to the swap/aggregation stack are repeatedly cited. While market footprint and TVL fluctuate relative to larger DeFi protocols, SushiSwap's combination of multi-chain reach, modular DeFi primitives, and community governance underpin its continued relevance in the DeFi landscape.

## Links
- Website: https://sushi.com/
- Whitepaper: N/A
- GitHub: https://github.com/sushiswap

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore