SushiSwap Review: What It Is, How It Works, and What You Need to Know

When you trade crypto without a bank or broker, you’re using a SushiSwap, a decentralized exchange built on Ethereum that lets users swap tokens directly from their wallets. Also known as a DEX, it runs on smart contracts—not company servers. That means no one controls your money, but you’re also fully responsible for what happens. SushiSwap isn’t just another trading platform. It’s part of the larger DeFi, a movement to rebuild finance using open-source blockchain tech instead of traditional banks. Think of it like YouTube for money: anyone can build on it, anyone can use it, and no single company owns it.

The heart of SushiSwap is the SUSHI token, the native cryptocurrency that rewards users for providing liquidity and helps govern the platform through voting. Unlike centralized exchanges where you just buy and sell, SushiSwap asks you to pool your crypto with others to create trading pairs. In return, you earn fees from every trade that happens in your pool—and sometimes extra SUSHI tokens. It’s not free money. If the price of your deposited tokens drops, you could lose value. That’s called impermanent loss. But if you know what you’re doing, it can be a steady way to earn.

SushiSwap also lets you stake, farm, and lend—features that make it feel more like a financial toolkit than just a swap tool. But here’s the catch: most of the posts below show how messy DeFi can get. You’ll find reviews of tiny DEXs that died overnight, scams hiding behind fake airdrops, and platforms with zero volume pretending to be alive. SushiSwap itself has survived because it’s older, bigger, and has a real community. But that doesn’t mean it’s safe to jump in blind. The same risks that killed smaller DEXs—low liquidity, fake tokens, rug pulls—are always lurking. What separates SushiSwap isn’t perfection. It’s experience. It’s been around long enough to learn from its mistakes.

Below, you’ll see real examples of what happens when DeFi goes wrong: exchanges with $36 in daily volume, tokens with zero supply, and airdrops that don’t exist. These aren’t just warnings—they’re lessons. SushiSwap isn’t perfect, but if you understand how it works, you’ll know how to spot the fakes. And that’s the real skill in crypto today: not chasing the next big thing, but knowing what to avoid.