Home › Crypto › DEXs › SushiSwap

SushiSwap: score, security record and what it is for

71/100SCORE · BMixed record Grade B, very good

SushiSwap deploys on more chains than nearly anything else, which is its real advantage and often the only reason to use it: on a smaller chain it may be the only established venue. Set against that, a 2023 bug in its RouteProcessor2 contract let roughly 3.3 million dollars be taken from users who had approved it, and the project has been through years of governance and treasury turmoil.

The facts

LIVE SINCE: 2020
TYPE: AMM and aggregator
CHAINS: Ethereum, Arbitrum, Polygon, Base, BNB Chain and around 30 more
SWAP FEE: Typically 0.30 percent.
AUDITS: Audited, with a mixed operational history.
WHO CAN CHANGE IT: SUSHI token governance. The project has been through repeated leadership turmoil and treasury disputes.

How the score breaks down

security18/30

liquidity15/25

chains15/15

costs12/15

decentralisation11/15

Where it is strong and where it is not

✓ Strengths

Runs on more chains than almost any competitor
Useful where Uniswap has not deployed
Long established

✗ Weaknesses

The 2023 router bug cost users who had granted approvals
Years of governance instability and treasury controversy
Liquidity has drifted away to Uniswap on most chains

Exploit history

2023

A bug in the RouteProcessor2 contract allowed roughly 3.3 million dollars to be taken from users who had approved it. Approvals had to be revoked manually.

Our read

Broad chain coverage is the genuine reason to use it, and on many smaller chains it is the only established option. Against that sits a router exploit that hit users directly and a long record of governance chaos. Useful in specific places rather than a default.

BEFORE YOU SWAP

Swap keeps failingSlippage, approvals, taxes and thin liquidity. Revoke approvalsEvery swap leaves a permission behind. Clear them. Gas tokensWhy you need the chain's native coin first. Pick a walletYou need self custody before you can use any DEX.

RISK WARNING Crypto assets are highly volatile and largely unregulated. You can lose everything you put in. Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.