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Decentralized exchanges (DEXs) have grown in popularity in recent years. Their appeal lies in their transparency, offer of self-custody, and access to a wider range of cryptocurrencies. Most traders prefer DEXs for their perceived safety and since they reduce exposure to risks such as custody of your deposits. For others, DEXs offer a straightforward entrance to crypto trading. You do not have to go through the sometimes tiring onboarding process of centralized exchanges.
There are currently hundreds of DEXs in crypto. But, Sushiswap stands out as one of the most outstanding DEXs. It first started as a Uniswap fork but has since expanded into its own uniqueness. Sushiswap allows you to swap assets, borrow and lend assets, and provide liquidity. You can also stake its native token, $SUSHI, to participate in governance. Sushiswap also provides multi-chain support since it is live on over 30 blockchains.
Sushiswap also has a huge selection of crypto to trade from. This article will list some of the best tokens to trade on the Sushiswap exchange. Our table below shows some of the fundamentals of each coin.
Name | Price | 24HR Change | Market Cap | Total Volume | Circulating Supply | |
---|---|---|---|---|---|---|
1. Illuvium |
$14.7200 | 0.65% | $139.56M | $14,752,789 | 9.48M | Visit |
2. Chainlink |
$23.1000 | 0.63% | $15.68B | $1,093,939,600 | 678.10M | Visit |
3. Dai |
$0.99963700 | -0.03% | $4.44B | $69,634,006 | 4.44B | Visit |
4. Wrapped BTC (Wormhole) |
$111,408.0000 | -0.62% | $N/A | $24,177,009 | N/A | Visit |
5. Own The Doge |
$0.00183182 | 0.89% | $25.12M | $93,057 | 13.70B | Visit |
6. Synapse |
$0.12270200 | -0.55% | $26.90M | $3,591,817 | 219.07M | Visit |
7. OmniCat |
$0.00001690 | -1.53% | $705.21K | $1,608 | 41.73B | Visit |
8. yearn.finance |
$5,343.1700 | 0.92% | $180.77M | $19,728,306 | 33.83K | Visit |
9. Synthetix Network |
$0.68639400 | -0.33% | $235.76M | $17,849,476 | 343.47M | Visit |
10. Compound |
$43.3000 | -1.24% | $410.17M | $30,402,708 | 9.46M | Visit |
ILV is the native token of the Illuvium game, an action-packed Web3 game. The Illuvium team focuses on offering top-quality Web3 games and other services, such as staking. Illvium competes strongly against other games, like Axie Infinity. ILV on Sushiswap comes with an impressive APR of 18.29% and a fee of 0.3%.
Chainlink is a decentralized Oracle network. It links different chains by facilitating secure interaction between smart contracts and external data and services outside blockchain networks. LINK is undoubtedly one of the coins to look out for ahead of the bull market, as it has all the right fundamentals. Sushiswap is one of the best platforms to trade LINK.
DAI is a decentralized currency created through the Makers Dai stablecoin system. DAI leverages margin trading to respond to fluctuating market conditions. This way, it maintains its value against other currencies. DAI isn’t directly backed by fiat currencies. Instead, it is backed by crypto collateral. You can trade DAI on Sushiswap’s pool with an APR of 9.23%.
Wrapped Bitcoin is a community attempt to bring Bitcoin to Ethereum. The token is not on the Bitcoin blockchain. Instead, it is an ERC-20 token that tracks Bitcoin’s value. WBTC holders can easily participate in DeFi apps on Ethereum. 1 Bitcoin can be exchanged for 1 WBTC. WBTC is the most popular type of wrapped Bitcoin. Sushiswap provides the ideal platform to trade WBTC, You can provide liquidity on pools for an APR of 1.90%.
Doge is an original internet meme and a fractionalized NFT. Holders determine the value of the NFT move through a vote. Once sold, the ownership rights of the Doge NFT move to the buyer. Sushiswap is one of the best places to trade your Doge NFT tokens, with an APR of 44.92%.
Synapse Protocol has one of the highest volumes on the Sushiswap exchange. Synapse is a cross-chain layer platform that facilitates easy interactions between chains. The SYN token powers the Synapse ecosystem and is also the governance token of the SynapseDAO. SYN currently trades around the $1.03 mark.
OmniCat is an omnichain meme coin. This means it exists in multiple ecosystems. It uses LayerZero technology to move natively across these chains. There are lots of staking opportunities for OMNI holders. But you have to first buy the coin on an exchange like Sushiswap. Sushiswap also provides opportunities to provide liquidity and an APR of 128%.
Yearn Finance offers a suite of DeFi products. This includes insurance, yield aggregation, and lending aggregation on the Ethereum blockchain. Yearn Finance uses automation to help investors maximize their yield. The project aims to help investors enjoy DeFi and easily access opportunities, regardless of their experience level.
Synthetix operates as a derivatives platform. It provides liquidity for permissionless derivatives such as options, perpetual futures, and parimutuel markets across EVM chains. Synthetix offers low fees and serves as a backend for many protocols. The platform also broadens the crypto market by introducing non-blockchain assets. Sushiswap allows you to trade SNX tokens or add liquidity to pools.
Compound is a lending protocol that enables users to earn interest on their crypto assets. They simply have to deposit them into one of the platform pools. Compound finance helps ensure you take advantage of your idle tokens. So, lending makes the most of your cryptocurrencies. The Comp token is available on several centralized and decentralized exchanges. You can easily trade your COMP tokens to earn from them.
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..