SushiSwap

SushiSwap has the most dramatic origin story in DeFi. In August 2020 the pseudonymous Chef Nomi forked Uniswap, added a SUSHI governance token with liquidity mining rewards, and drained billions in LP capital in the original 'vampire attack'. After a week of chaos — including Chef Nomi briefly fleeing with the dev fund — Sam Bankman-Fried handed the project to the community, and Sushi became genuinely community-owned.

The modern SushiSwap is a multichain swap and liquidity platform deployed across more than 25 networks, with its RouteProcessor aggregator finding optimal paths across Sushi's own pools and external sources. The product suite spans concentrated liquidity v3 pools, the Bentobox vault system, xSUSHI staking that shares protocol fees, and a steady stream of experiments from its 'Head Chef' governance.

SUSHI holders who stake receive xSUSHI, entitling them to a share of swap fees. Sushi remains a credible multichain venue with an unmatched brand story and die-hard community — but it operates in Uniswap's shadow on most chains and has navigated treasury stress and leadership turnover through the bear market.