SushiSwap Review: What It Is, How It Works, and Why It Matters in DeFi

When you trade crypto without using a centralized exchange like Binance or Coinbase, you’re likely using something like SushiSwap, a decentralized exchange built on Ethereum that lets users swap tokens directly from their wallets using automated liquidity pools. Also known as an AMM, it doesn’t rely on order books—it uses smart contracts to match trades automatically. This is what made SushiSwap one of the first big alternatives to Uniswap back in 2020, and why it’s still relevant today.

SushiSwap isn’t just a trading platform—it’s a whole ecosystem. It includes yield farming, staking, and even a native token called SUSHI that rewards users for providing liquidity. People don’t just trade on it—they lock up their crypto to earn more crypto, which is why you’ll see posts here about liquidity pools, token incentives, and how SUSHI holders vote on protocol changes. It’s not for everyone, though. If you’re new to DeFi, you need to understand slippage, impermanent loss, and gas fees before you jump in. That’s why our collection includes real breakdowns of what works, what doesn’t, and what to watch out for when using SushiSwap on Ethereum or other chains like BSC or Polygon.

What makes SushiSwap different from other DEXs isn’t just its tech—it’s its community. It was born from a controversial fork of Uniswap, and that history still shapes how it operates. Some users love its governance model; others think it’s too slow to innovate. You’ll find posts here that compare SushiSwap to ArcherSwap and Tinyman, explain how its liquidity mining rewards changed over time, and warn about scams pretending to be official SushiSwap airdrops. This isn’t a theoretical guide—it’s a collection of real experiences from people who’ve traded, staked, and lost money on it.

If you’ve ever wondered why your trade took 10 minutes and cost $20 in fees, or why your staked tokens suddenly dropped in value, the answers are here. We cover everything from how SushiSwap’s automated market maker actually works to how to spot fake SUSHI token listings. You won’t find fluff or hype—just straight talk about what SushiSwap delivers, what it doesn’t, and whether it’s still worth your time in 2025.