SushiSwap
score
Fees: ~0.3% standard swap fee
A viable multi-chain option for traders who value wide network coverage, but it has weathered exploits and organizational instability. Approvals should be managed carefully given its incident history. Not financial advice.
What SushiSwap is
SushiSwap is a decentralized exchange that launched in 2020 as a community-run fork of the AMM model and grew into a broad, multi-chain platform. Beyond simple swaps it offers farms and cross-chain routing, and it remains widely integrated despite a turbulent history.
How it scores
Our 7.3 rating leans on breadth: chain and asset coverage (8.5) is its strongest suit, spanning many EVM networks, and fees (8) follow a standard model. Liquidity (6.5) is the notable soft spot, having thinned versus leading rivals on many pairs, while security (7) and UX (7) are middling.
Costs and fees
The standard swap fee is around 0.3%, in line with conventional AMMs. There is no meaningful fee advantage over comparable venues, so the appeal is less about cost and more about reaching assets across a wide range of networks from a single interface.
The main caveat
SushiSwap's track record includes real incidents. In 2023, an exploit of its RouteProcessor2 contract drained user token approvals, affecting more than $3M, and the project has weathered governance turmoil and leadership instability. Given that history, managing and periodically revoking token approvals is prudent.
Who it's for
SushiSwap suits traders who prioritize wide multi-chain reach and a full feature set, and who are comfortable actively managing approvals in light of its incident history. Those chasing the deepest liquidity on major pairs may prefer larger competitors. Not financial advice.
Overall 7.3 / 10 — the weighted average of the criteria above. How we score →
- + Very broad multi-chain deployment across many EVM networks
- + Full suite including swaps, farms, and cross-chain routing
- + Standard, familiar AMM fee model
- + Long operating history and wide integrations
- − RouteProcessor2 contract exploit in 2023 drained user approvals (~$3M+)
- − Prior governance turmoil and leadership instability
- − Liquidity has thinned versus leading competitors on many pairs
Is SushiSwap safe?
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It scores 7/10 for security in our review, reflecting a mixed record. A 2023 RouteProcessor2 exploit drained user approvals worth over $3M, so it is wise to manage and revoke token approvals regularly when using it.
What are SushiSwap's fees?
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The standard swap fee is about 0.3%, typical for an AMM. It does not undercut peers on cost, so its main draw is breadth of network coverage rather than cheaper trades.
Which chains does SushiSwap support?
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It is deployed very broadly across many EVM networks, its strongest attribute at 8.5/10 for coverage, and it also offers cross-chain routing between them.
Is SushiSwap still a good DEX?
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It remains viable, scoring 7.3 overall, especially for multi-chain access. However, liquidity has thinned on many pairs and its history of exploits and governance instability means it trails the top-tier venues.