SUSHI Token: What It Is, How It Works, and Why It Matters in DeFi

When you hear SUSHI token, the native governance and reward token of the SushiSwap decentralized exchange. Also known as SushiSwap token, it was created in 2020 as a fork of Uniswap—but quickly became its own movement in decentralized finance. Unlike most tokens that just trade for profit, SUSHI was built to give power back to users. Holders vote on changes, earn fees from trades, and help shape the future of one of the most active DeFi platforms on Ethereum.

SUSHI isn’t just a coin—it’s the engine behind SushiSwap, a decentralized exchange where users swap tokens without intermediaries. It rewards liquidity providers with tokens every time someone trades on the platform. That’s how it grew so fast: people didn’t just buy SUSHI—they staked their crypto to earn it. The token also connects to DeFi, a broad ecosystem of open financial tools built on blockchain, where users lend, borrow, and earn without banks. SUSHI helped prove that communities could run financial systems better than corporations.

What makes SUSHI different? It’s not about hype. It’s about structure. The token gives real voting rights. Want to add a new trading pair? Change the fee structure? Propose a new feature? You need SUSHI to vote on it. That’s why early adopters still hold it—not because they think it’ll hit $100, but because they believe in the system it supports. And even though the crypto market has shifted, SushiSwap still handles billions in trades every month, making SUSHI one of the few DeFi tokens with lasting utility.

You’ll find posts here that dig into how SUSHI rewards work, why some users stopped earning as much over time, and how it compares to newer DeFi tokens. Some cover the drama around its early days—the team that left, the forks that followed, the community fights. Others look at how SUSHI fits into today’s market: Is it still relevant? Can it survive when bigger platforms dominate? The answers aren’t always simple, but they’re grounded in real data, not speculation.

Whether you’re holding SUSHI, considering it, or just trying to understand DeFi, this collection gives you the facts—no fluff, no promises, just what actually happened and what it means now.