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Cryptocurrencies/Coins/SushiSwap (SUSHI)
SushiSwap price, market cap on Coin360 heatmap


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0.00006493 BTC
Market Cap (Rank#169)
8,261 BTC
Vol 24h
1,620 BTC
Circulating Supply
Max Supply
1 day agocryptodaily
X Open Hub Adds 30 New Cryptocurrencies and 2 Emerging Market Indices to its Vast Asset List
Global provider of cutting-edge liquidity and technology solutions for financial institutions, X Open Hub has announced additions to its vast multi-asset offerings. The company has introduced 30 new cryptocurrencies and two emerging market indices, CH50cash and IND50cash, to the 5000+ global instruments it already offers. With 12+ years experience offering world-class technology and transparent liquidity solutions for banks and brokers, X Open Hub is committed to supporting financial firms. The company aims to help them achieve cost-optimized business models through improved operational efficiency and increased profitability. The Crypto Winter Is Ending Say AnalystsDespite the ongoing cryptocurrency winter, millennials and Gen Zs are increasingly looking at digital assets for investment purposes. A rise in awareness and education regarding this class of assets, along with their low correlation with price moves in traditional investment instruments, has been driving this interest. Increasing regulatory oversight across numerous countries is expected to lend stability to the digital asset class. Additionally, the rise of DeFi projects is also likely to drive interest in cryptocurrencies. Moreover, the decline in crypto prices in recent months has many investors wondering whether to buy the dip before the crypto winter ends. Historically, there have been four such crypto winters, including the current one. Each time, the market has reversed within around a year. So, investors might be looking at acquiring digital currencies while the prices are still low and before the market begins to rise once again. X Open Hub Adds 30 New CryptosBrokers are increasingly looking at offering their clients opportunities to trade the most popular and promising digital currencies. X Open Hub has added 30 new cryptocurrencies to its already long list of crypto offerings. The new crypto offerings available through X Open Hub’s liquidity solution are extensive and include: AAVE, ALGORAND, APECOIN, CHILIZ, COSMOS, CRONOS, CURVEDAO, DECENTRALAND, DYDX, ELROND, FANTOM, FILECOIN, FTX, GALA, GRAPH, INTERCOMP, IOTA, KILOSHIB, KYBER, MAKER, METAL, NEO, SANDBOX, STEPN, SUSHI, TRON, VECHAIN, WAVES, ZCASH and ZILLIQA. “We believe brokers need to stay abreast of trends and should perceive a wide range of cryptocurrencies as an additional tool to attract new customers or manage their retention. In the last quarter, we devoted a lot of attention to developing our asset class offering and equipping our partners with all the tools necessary to remain competitive in the market,” stated Michael Copiuk, CEO of X Open Hub. IND50cash and CH50cash X Open Hub has also added the IND50cash and CH50cash indices to its liquidity offerings. The IND50cash is based on the Nifty 50, the benchmark index that includes 50 of the most profitable companies across 12 sectors listed on the Indian stock markets. This makes it a well-diversified index. Alternatively, the CH50cash, is based on the China A50, a pan-China benchmark index that includes the top 50 companies, based on market cap, listed on the Shanghai and Shenzhen stock exchanges. A Global Leader Established in 2010, X Open Hub is the institutional arm of the XTB, which is listed on WSA and licensed across multiple jurisdictions, including the UK FCA, CySEC, IFSC, FSCA, and more. XOH has created a niche by providing complete front- and back-end technology and responsive support to propel growth for financial firms. X Open Hub’s solutions include deep institutional liquidity on more than 5,000 global instruments, including indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a powerful white label platform that can be fully customised and branded for each brokerage. X Open Hub also offers multiple integration options to ease operations for brokers, such as FIX protocol, xAPI, MT4/MT5 Bridge or Gateway, and integration with Prime XM, Gold-I, oneZero, and more. This has helped the company gain over 100 clients across more than 30 countries within a decade of being launched. Speak to the X Open Hub Team about cryptocurrencies and emerging market indices. Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
10 days agocryptodaily
Crypto Weekly Roundup: Ethereum’s Goerli Merge, Miami’s NFT Project, Coinbase, Kraken Under Investigation, And More
U.S. regulatory bodies like the SEC and the Treasury Department are getting stricter towards crypto exchanges. While the crypto exchange Kraken is being investigated for alleged sanction violation, Coinbase is under the microscope for conducting digital asset trading, which the SEC might deem as securities. Let’s find out more. Bitcoin Despite still being a fair way underwater on its Bitcoin bet, El Salvador is looking to the future for its citizens, understanding that new technology takes time to be adopted. Ethereum ETH developers have been hard at work preparing for the final testnet merge, scheduled for early August. They recently announced the final details for the final testing phase of the Merge before the long-awaited official merge. Ethereum founder Vitalik Buterin addressed the upcoming Merge and talked about all the other network upgrades that would follow at a conference on Wednesday. DeFi A new governance protocol has nominated Jonathan Howard as the new CEO or ‘Head Chef’ at SushiSwap. However, the proposed pay package has sparked an outcry in the community. Uniswap’s community took a big step towards its “fee switch,” which could have significant implications for both the Uniswap protocol and all UNI token holders. Wonderland (TIME) founder Daniele Sestagalli has announced his return to DeFi with a disconcerting tweet. Altcoins Ava Labs president John Wu recently sat down for an interview with Anthony Pompliano and discussed what the future holds for Avalanche (AVAX). Technology A recent study forecasts exponential growth in metaverse real estate and estimates that the value invested in the sector will grow to more than $5 billion by 2026. Business The CEO of the KuCoin crypto exchange, Johnny Lyu, has announced his plans to launch a fund that will be targeted to tackle FUD (fear, uncertainty, and doubt) in the crypto market. Mexican food chain company Chipotle has launched a limited-time stock market manipulation game called “Buy The Dip,” which will give away $200,000 worth of cryptocurrencies. Regulation Senator Pat Toomey wrote a letter to SEC chairman Gary Gensler earlier this week, blaming the latter for his lack of regulatory clarity towards crypto companies, which resulted in billions of losses for American consumers. Shapeshift CEO Erik Voorhees advised FTX CEO Sam Bankman-Fried to not allow the sector to become entangled in the perverse and deeply corrupted legacy system. Formula 1 teams have been forced to comply with the laws of advertising in France, which prohibits displaying ads of crypto firms not registered with the AMF. The U.S. Treasury Department is investigating Kraken for suspected sanctions violations, which included allowing Iranians and others to transact digital assets on its platform. According to a Bloomberg report, the SEC is reportedly investigating Coinbase over whether it improperly allowed Americans to trade digital assets that should have been registered as securities. Lawmakers from both the Democratic and Republican parties introduced a crypto tax bill to the Senate that would exempt transactions under $50. NFT The city of Miami is embarking on a massive Web3 project, where it will partner with TIME, Mastercard, and Salesforce to launch over 5000 NFTs. Gary Vaynerchuk’s VeeFriends closed its seed funding round with a $50 million investment from investment firm Andreessen Horowitz (a16z). Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
13 days agocryptodaily
SushiSwap ‘Head Chef’ Pay Package Sparks Concern
A new governance protocol has nominated Jonathan Howard as the new CEO or ‘Head Chef’ at SushiSwap. New Head Chef Nominated Decentralized exchange (DEX) SushiSwap has announced the nomination of Jonathan Howard as the Head Chef, which is the official title given to the protocol’s chief executive officer. The nomination was announced on Tuesday via a governance post written by Sushi contributor JiroOno. The announcement read, “We’ve sourced the candidate we believe represents the best option for Sushi and are now looking to present this candidate to the Sushi community.” Currently, the seventh largest DEX, SushiSwap, is going through a heat check poll for the Head Chef nomination. At the time of writing, 65% of the 40 votes cast favor hiring Howard as the Head Chef. A positive poll outcome and a successful forum call will pave the way for a snapshot vote where SUSHI holders will get the final say on the hire. Community Mostly Welcoming The protocol has been searching for a new leader since the former Head Chef 0xMaki stepped down in September 2021. Howard, who is the current co-founder and CTO at NFT firm BigHeadClub, could be the next to step into the role. As the Head Chef, he would have to manage day-to-day operations and lead delivery efforts of both pending and new products at Sushi. The overall community feedback has been largely positive regarding Howard’s nomination, matching the heat check poll. However, there have been some detractors who have questioned his lack of DeFi experience. Heavy Package Is Concerning The nomination has also sparked conversation around the proposed salary for the position. If hired, Howard would earn an annual base salary of $800,000 in USDC, further token incentives of 600,000 SUSHI tokens vested for four years with a six-month cliff, and a one-time bonus of 350,000 SUSHI tokens. Members have claimed that it is beyond the Sushi budget, as the treasury is worth $19.4 million. The Head Chef will also receive 1.2 million SUSHI incentives once the token price hits certain targets between $3-$11. He will also be entitled to a 24-month severance package along with the above incentives if he is terminated. Community members have questioned where the funds will come from since the head chef is eligible to receive $8.35 million in just bonuses if Sushi crosses $11. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
13 days agocryptodaily
Uniswap Takes Significant Step Towards “Fee Switch”
Uniswap’s community took a big step towards its “fee switch,” which could have significant implications for both the Uniswap protocol and all UNI token holders. The fee switch has been the subject of long debates in the DeFi community, thanks to its potential implications on the community. What Is The “Fee Switch?” Currently, users have to pay 0.3% to trade on Uniswap. Out of this small percentage, the entire amount is sent to the liquidity providers for that particular trade. However, if the “fee switch,” also called the “protocol charge,” comes into play, then liquidity providers would only get around 0.25%, while the remaining .05% would theoretically go to UNI token holders, who would be getting this fee for just holding their UNI tokens. However, it remains unclear how UNI holders would capture this value and whether they would be able to avail of it as more yield on their holdings or more airdrops. For example, SushiSwap, a fork of Uniswap, allows users to earn .05% on all trades if they hold a staked version of the SUSHI token. According to the team at Uniswap, the redirected funds could be allocated to a decentralized funding mechanism that could be used to support contributions to the Uniswap ecosystem. The Uniswap community could access this fee through a governance vote, meaning if enough users want the fee switch, they can vote and get it. How The Fee Switch Brings Value To UNI Holders So how much value can this bring to UNI holders? Over the past month, Uniswap has seen a daily volume that hovered between $37 million and $130 million. Assuming this equals an average of $83 million, .05% of which would equal $41,500, distributed to UNI token holders daily. This figure has been decided based on an average volume, so the actual figure could be much higher or lower. This means that the more UNI tokens one held, the more one could earn. For token holders, this is hugely enticing. What’s The Holdup? Liquidity providers currently get 0.3% from every transaction on Uniswap. The holdup is that these liquidity providers wouldn’t be too happy to see their earnings drop. As a result, there is the possibility that a drop in their earnings could see them pull their holdings from Uniswap, which could adversely affect its liquidity and impact the entire decentralized exchange. This is what makes a fairly straightforward choice for UNI token holders a fairly tricky one for the ecosystem as a whole. A Middle Ground However, there are attempts to find a middle ground, with one suggestion coming from the CEO and co-founder of the no-loss lottery project PoolTogether, Leighton Cusack, who suggested testing the fee switch in a limited testing capacity on only a few pools to gauge their reaction. According to Cusack, trying out the fee switch in low-stake pools would allow the Uniswap community data and time to understand how the assets accrued through the fee switch should be used. “Flipping The Switch” Is An Opportunity Cusack stated that the decision isn’t as straightforward or binary as it is being made out to be, stating that he believed it should be discussed as an opportunity that would allow them to “think creatively about how protocols, governance, and value accrual can work in Web3.” He said he sees it as much more than just free money for holders. Instead, the sum could be used for project grants or to sponsor developers. However, with UNI enjoying a bull run over the past month, the community may be reluctant to do anything that could drive away the bullish sentiment. An analyst at IntoTheBlock, Juan Pellicer, confirmed the sentiment in the community, stating, “UNI has been performing better than other ‘blue-chip’ DEXs such as CRV (#94), SUSHI (#134), or BAL (#176). This overperformance compared to its competitors shows that UNI does not necessarily need to accrue revenue. Liquidity providers margins are already low, and removing some of their income with the fee switch could cause a potential liquidity loss to the protocol.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14 days agocryptodaily
Social Media 2.0- Blockify Takes Main Stage
Blockifyaims to become your all-in-one DeFi shop. Decentralized finance has come a long way. Remember your first transaction? After juggling 5+ tabs on your browser, you gazed at Etherscan’s mint green block confirmation feeling like you’d just contributed to the future of finance. You felt so cool, you even told a friend about it — convinced them to finally break up with Coinbase and trade on the wild side. Except your friend quickly got lost. And so did you. Instead of the “easy, open finance” you were both promised, you found yourselves in a world of gas prices, pending transactions, vaults, pools, AMMs, degens, and financial advice spewed out in 17-thread Tweetstorms by Chads and sushi chefs We know that most users have had little choice when it comes to how they access crypto, which is why centralized exchanges have survived for so long. But what if I told you things have changed in a big way? What if you could complete every step of the DeFi journey — from exploring new assets and placing a trade, to investing in complex primitives and tracking your portfolio — all from one place? Blockify integrates every major DeFi protocol and liquidity provider, which means your favorite portfolio tracker just became the easiest and cheapest place to invest in DeFi. Stacking the DeFi journey into one experience Whether you’re a DeFi native, finally making the jump from centralized crypto exchanges, or transferring directly from traditional finance, Blockify is now the one place that supports all of these actions: Exploring new assets Single-transaction investments Accurate portfolio tracking Exploring new assets Exploring new assets Coin Gecko +Coin Market Cap + Uniswap + Portfolio = Blockify Keeping up with the market has never been easy, which is why we built the Explore and Market pages. Here you can filter assets by type, sort by performance, search tags, and dive deeper by clicking on individual tokens. Trade every asset Blockifylets you buy and sell DeFi tokens in a single transaction. Blockify will support trades for thousands of tokens — including Uniswap, Balancer and Curve pools; yearn vaults; social tokens, and more. The execution engine picks the best route for trades, offering a liquidity channel to every decentralized exchange (DEX), DEX aggregator, and automated market maker (AMM): Blockify is developing a single-transaction trade feature with optimized routing made possible through DeFi SDK, a library of smart contracts that acts as a universal adapter for every DeFi protocol. Get Social Blockifywill enable non-technical users to acquire, track and manage assets on many leading DeFi protocols. Blockifyis building an integrated experience that overcomes the fragmentation, complexity, and lack of trust in decentralized financial products that have, to date, held back the adoption of Defi. Lack of verifiable information has created a roadblock in crypto adoption, Blockifyhas created an environment where projects can interact and disseminate information directly to their communities in a verifiable method via blockchain technology. Accurate portfolio tracking Track your entire portfolio See your previous transactions directly on asset pages. Push notifications will tell you exactly what’s happening in your portfolio, all the time. Finally, Blockify has designed the history page to be accessible as possible, with a search bar to filter by token and transaction type e.g. “send”, “deposit”, and “receive”. Tying it all together Up until now, centralized exchanges have been the most convenient option for people to interact with crypto — but that’s changing, fast. Blockify is building the most user-friendly DeFi aggregator that unifies the market rather than competes with it. The next time you tell your friend about DeFi, you can rest assured that participating in the exciting world of open finance is going to be as easy (almost
29 days agocryptodaily
Celsius Unlocks 400,000 stETH, Pays Off Debt To Aave
Celsius, the crypto lending firm which has recently been the subject of regulatory oversight for its operational failures due to insufficient liquidity, has confirmed that it has paid up 400,000 stETH (Lido Staked ETH) to Aave, another DeFi lending protocol. In addition, Celsius has also confirmed that they still have an outstanding balance of 10,000.94 wBTC to DeFi protocol Compound. This equates to roughly $199 million based on current pricing. Celsius has also disclosed that it has managed to unlock and shut down its MakerDAO vault which was worth roughly $456 million, with 21,962 wBTC in position recovered. The firm has been steadily easing off its positions from the DeFi space, in what has been considered as initiatives towards dealing with its ongoing liquidity crisis. According to on-chain data, an associated wallet with Celsius Network has repaid most of its debt to Aave by sending some $63.5 million in USDC to the lending protocol, hence unlocking the 400,000 of stETH, which is now worth roughly $418 million. For its debt to Compound, Celsius Network unlocked 350,020 UNI ($2 million) and 529,94 COMP ($25,600), redeeming 300,000 xSUSHI for 395,060.92 SUSHI ($458,200) from SushiSwap, a decentralized exchange. According to data from DeBank, Celsius still has another $27 million in LINK, stETH and SNX remaining locked on Aave's DeFi vault. To unlock these, Celsius would be required to shell out between $8.5 million to $50 million for each to be unlocked. It has not been ascertained whether Celsius' other private wallets have more DeFi debt, but the case remains open for public scrutiny. Celsius' liquidity crisis began during what it has called "extreme market conditions," with Bitcoin sliding off well below the $20,000 level and affecting the entire crypto industry to an extent that the industry, as a whole, has lost over $1 trillion in market capitalization in the span of a month or so. The firm has been the subject of controversy after it paused customer withdrawals in June, explaining that the move was necessary to leverage time and place itself into a "better position to honor, over time, its withdrawal obligations."Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
36 days agocryptodaily
Avalanche (AVAX) and Big Eyes (BIG): “Eco for Eco”, Two Cryptos With A Low Impact On The Environment
The crypto market is criticised for using intense amounts of energy each year. The CCRI report found that Bitcoin (BTC) used the energy equivalent of 8.5 million U.S households in one year. It has a devastating impact on the Earth’s ecosystem, leaving a huge carbon footprint. This article will show you one blockchain platform and one meme token that protect the Earth's ecosystem and have low energy usage. They are Avalanche (AVAX) and Big Eyes (BIG). They both have immense communities that drive the success of their tokens. Avalanche (AVAX) uses a Proof-of-Stake consensus mechanism to keep its energy levels down, and Big Eyes (BIG) is donating 5% of its tokens to ocean-saving charities. Solving the Blockchain trilemma: Avalanche (AVAX) Avalanche (AVAX) is a blockchain platform that aims to solve the blockchain trilemma; scalability, decentralisation, and security. Through the Proof-of-Stake mechanism, Avalanche can process transactions faster and increase the security on the platform through additional validators. Energy usage is a common problem in crypto, being its biggest criticism. Platforms like Avalanche want to reduce their carbon footprint to ease these concerns. The energy consumption of Avalanche is 489,311 kWh and Proof-of-Work networks like Bitcoin (BTC) consume 89,780,000,000 kWh. The Proof-of-Stake consensus mechanism brings not only benefits to the Earth, but the ecosystem of the platform as well, hence “Eco for Eco”. Faster transaction speeds, increased security, and scalability make networks like Avalanche, desirable to crypto enthusiasts. Avalanche (AVAX) has a motto for its service, “Blazingly Fast, Low Cost, & Eco-Friendly”. It was founded so anyone could participate in the financial revolution driven by cryptocurrencies. It allows anyone to generate programs tailored to specific activities and digital assets. The cat coin rivalling the big dogs: Big Eyes (BIG) Big Eyes (BIG) will launch later this year. The highly-anticipated meme token will take the crypto world by storm. It is a full-on community token that wants to generate wealth for its DeFi ecosystem while protecting the oceans, an essential part of our ecosystem. 90% of BIG tokens will be available at launch to the community, ensuring the community owns Big Eyes. The remaining 10% of tokens will be split between a marketing and charity wallet. A dynamic tax system is used to include fees for the marketing wallet along with LP (Liquidity Provider) acquisition, and auto burn functions. Because of the impact some cryptocurrencies have on the environment, Big Eyes (BIG) plans to make giant donations to ocean sanctuaries to protect Earth’s ecosystem. After all, a cat has got to eat. The donations will come in the form of BIG tokens, with further fundraising from Big Eyes merchandise. NFTs are also a big part of the Big Eyes (BIG) ecosystem, with NFT events happening each season. Big Eyes has an ambitious plan to have their NFT collection in the top ten projects, with an exclusive club called the ‘Big Eyes Sushi Crew’ for NFT holders. It will surely entice members of any crypto community to become NFT holders and join the Big Eyes Sushi Crew. Final thoughts While the environmental impact of some cryptocurrencies can be damaging, Avalanche (AVAX) and Big Eyes (BIG) restore faith. Avalanche uses a Proof-of-Stake consensus mechanism to solve the blockchain trilemma and decrease energy consumption, making it desirable for any crypto enthusiast. Big Eyes (BIG) possesses the power to become the most significant meme token in the world when it launches. Its vibrant community and expansive ecosystem tick all the boxes and leave no stone unturned. The ingenious platform is already building its community, become a part of it today. For more information on Big Eyes (BIG), please visit the following websites: Website: Telegram: Twitter: Instagram: Disclaimer: This is a sponsored pressrelease, andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
39 days agocryptodaily
Welcome to the Stage Big Eyes (BIG): The Crypto Cat with a Mission to Save the Ocean
With ‘Big Eyes’ on the prize, this new cryptocurrency plans not only to make a fortune but save the oceans in the process. Entering the meme coin scene, the Big Eyes (BIG) mascot is changing the game with their cute crypto cat who has a passion for sushi. With unsurprisingly huge anime-style eyes, this cat is likely to steal hearts internationally, and he’s asking for just one thing: circulate his cryptocurrency coin to save the seas. After all, more fish means more food. How is Big Eyes Saving the Ocean? At launch, 90% of the 200,000,000,000 coins will be available, with an additional 5% going to a charity wallet. This wallet is donating to ocean sanctuaries, giving Big Eyes more delicious fish for his sushi. On their Cat Command Roadmap, Big Eyes considers these charity donations every step of the way. Stage One is ‘Crouch’ - the cryptocurrency coin is launched and the social channels go live. Stage Two is ‘Leap’ and this is where the sanctuaries start seeing the benefits, as the first charity donation is made. Stage Three is ‘Run’. At this point, Big Eyes (BIG) aims to have 50,000 holders, making the second donation potentially very lucrative. Stage Four is ‘Catwalk’ and is all about community events. For the ocean sanctuaries ‘Catwalk’ means a donation of $1 million. All for the oceans. All to save the fish. How do Ocean Sanctuaries Make a Difference? Our oceans are in severe need of protection. They are an essential part of our climate’s natural balance, as water covers over 70% of our planet and provides food for billions of people. However, industrial fishing, oil spills, climate change, and plastic pollution have all had a toll on ocean health. As our planet warms, so do our oceans. Sea levels are rising and the waters are absorbing a higher rate of carbon dioxide, putting the delicate equilibrium of the ocean out of balance. Ocean sanctuaries are like national parks underwater. Within the sanctuary, marine life is protected from oil drilling, fishing, mining, and the direct effects of human activity. Although overall ocean pollution and climate change can’t be filtered out, this pressure relief should help some of the ocean wildlife regain strength and flourish. (Source: Greenpeace) The good news for Big Eyes: ocean sanctuaries allow fish stocks to recover with more (and bigger) fish. Without the direct impact of oil drilling and pollution, these fish will hopefully be healthier too. This is essential for communities that rely on fish for their diet, and also helps to regulate the climate. Whales and krill both store carbon in the deep sea for thousands of years, helping to purify the air. Just like protecting our forests, we must protect our seas. With help from charity donations like the ones expected from Big Eyes (BIG), these ocean sanctuaries can spread across the globe and protect marine wildlife, improving the biodiversity of the waters. This should have a powerful impact on climate change, helping to remove carbon from our atmosphere. Information found from: Website: Telegram: Twitter: Instagram: Disclaimer: This is a sponsored pressrelease, andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
44 days agocryptodaily
Harmony Trying To Win Back Stolen Funds, CEO Explains Attack
Harmony Protocol has offered a $1 million bounty for a return of stolen funds and any information regarding the hack that attacked the protocol last week. Fund Return Request Promises No Charges The Harmony team has offered the bounty for the return of the $100 million worth of altcoins stolen from the hack of the Horizon bridge last week, claiming that it will not press any criminal charges against the perpetrators. The call is also for sharing further information on how the hack happened. So far, the team has been able to deduce that the hackers were able to compromise private keys and gain access. The team tweeted, “We commit to a $1M bounty for the return of Horizon bridge funds and sharing exploit information…Harmony will advocate for no criminal charges when funds are returned.” The hack targeted altcoins like Frax, Wrapped ETH, Aave, SushiSwap, Frax Share, AAG, Binance USD, Dai, Tether, Wrapped BTC, and USD Coin. Tokens worth $100 million were channeled into one wallet, and swapped for ETH on Uniswap. Crypto Community Calls Out Lowball Offer However, the disproportionate bounty amount has taken the crypto community by surprise. The consensus among the masses is that the offered $1 million is just a drop in the ocean for the return of a $100 loot amount. The Twitter community believes that the offer amount should be much higher to be seriously considered. Some Twitter users responded to the announcement with - “Didnt they take about 100 million? What the h*ll is 1 million gonna do?” “Really? Only 1M out of 100M? I feel like you gotta offer at least 8M to be taken seriously.” “I doubt 1m will suffice the hacker, might need to up for and hope they answer.” How Was The Bridge Hacked? The Harmony bridge has previously been called out for the lack of stability offered by its multisigs. Reportedly only two of the four multisigs secured the bridge. Therefore two signees could easily gain access to control the funds. However, the Founder and CEO of Harmony Protocol, Stephen Tse has clarified that neither have any vulnerabilities been discovered on the Horizon platform, nor was there any hint of a smart contract breach. According to Tse’s tweets, the root of the vulnerability lay with some compromised private keys. He tweeted, “Our consensus layer of the Harmony blockchain remains secure…The team has found evidence that private keys were compromised, leading to the breach of our Horizon bridge. Funds were stolen from the Ethereum side of the bridge.” He explained that despite being double encrypted, the private keys were accessed and then decrypted by the attacker, who used them to authorize the malicious transactions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
47 days agocryptodaily
Hackers Steal $100M In Harmony Horizon Bridge Exploit
Harmony’s cross-chain protocol, the Horizon Bridge, has been hacked, leading to a loss of funds of around $100 million. Stolen Altcoins Swapped For ETH Earlier today, the Horizon Bridge, which facilitates token transfers between Harmony and the Ethereum network, Binance Chain and Bitcoin, was targeted by hackers. They conducted a series of eleven transactions that siphoned off various altcoins. The tokens were then sent to a different wallet, from which they were swapped for Ether (ETH) on the Uniswap decentralized exchange (DEX). Around $100 million worth of funds were stolen through altcoins like Frax (FRAX), Wrapped Ether (wETH), Aave (AAVE), SushiSwap (SUSHI), Frax Share (FXS), AAG (AAG), Binance USD (BUSD), Dai (DAI), Tether (USDT), Wrapped BTC (wBTC), and USD Coin (USDC). The news broke when the Harmony team tweeted about it this morning, “The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM. We have begun working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds.” Team Discloses Initial Info According to the statements from the Harmoney team, the hack will not affect the trustless BTC bridge and the funds and assets stored in the decentralized vaults. The team has also identified the wallet, which was responsible for swapping the stolen tokens for ETH, and has disclosed the address on Twitter. They also announced that necessary actions have been taken to prevent further transactions by notifying exchanges and pausing the Horizon bridge. Finally, the team also announced that it is closely working with national authorities and forensic specialists to identify the culprits behind the hack and will soon disclose a post-mortem report. Multisig Concerns Valid The community had previously raised concerns about the stability of the bridge’s multisig wallet on Ethereum. Reportedly only two of the four multisigs secured the bridge, indicating that two signees were enough to move funds away. An industry expert had even pointed this out on Twitter back in April, saying that the low number of required signers leaves the bridge vulnerable to a significant hack. The fact that the bridge was actually exploited only vindicates these concerns that were raised months ago. Multisigs have been posing serious security threats. For example, Axie Infinity’s Ronin Bridge was hacked when hackers took control of the required five out of the nine validators and stole over $600 million in assets. Another cross-chain protocol, Wormhole, was also attacked when the hackers exploited a vulnerability in the bridge. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
51 day agocoindesk
Ex-Sushi CTO Raises $8M for NFT Lending Platform Astaria
The platform, led by CEO Justin Bram of DeFi vet Joseph Delong, aims to provide instant liquidity for your JPEGs and should be available to the public by September.
72 days agocoindesk
Kava Onboards Sushi With $14M in Developer Incentive Funding
The integration will allow Sushi users and developers to have seamless access to the entire $300 billion market value of Ethereum and Cosmos from a single network.
84 days agocoindesk
Institutional DeFi Enabler? Data Firm Kaiko Probes DEX Liquidity With New Product
The data feed unpacks what’s what in Uniswap, SushiSwap, Curve Finance and Balancer asset pools.
106 days agocryptopotato
SushiSwap 2.0 Reveals Restructuring Plans After Months of Internal Crisis
SushiSwap has a new vision in place after the exits of its top leaders and an apparently failed union with Frog Nation.
126 days agocointelegraph
Sushi and Synthetix get the boot in Grayscale DeFi fund rebalancing
Crypto asset management firm Grayscale has added three new crypto assets to its funds and has kicked SushiSwap and Synthetix from its DeFi Fund following its first quarterly rebalance.
126 days agocoindesk
Grayscale Shuffles Mixed Crypto Funds: Adds AVAX, DOT, ATOM; Drops SUSHI, SNX
The asset manager announced changes to a trio of diversified crypto funds.
142 days agocointelegraph
SushiSwap community proposes Swiss legal structure to limit DAO liability
According to the proposer Tangle, the intended foundation will play a key role in limiting the liability for contributors and driving Sushi’s future growth.
225 days agocryptosrus
SushiSwap Forgets To Dip Amid Crypto Market Crash
The popular Ethereum decentralized exchange (DEX) SushiSwap is pulling numbers despite a blood-red market. Covered: SUSHI Price Action Big Changes Coming to SushiSwap? As Bitcoin takes a nosedive below $48,000, the overall crypto market is seeing double-digit drawdowns across the board. SushiSwap (SUSHI), on the other hand, seems to have forgotten the memo and is […] The post SushiSwap Forgets To Dip Amid Crypto Market Crash appeared first on CryptosRus.
230 days agonulltx
Top 5 Crypto Metaverse Coins Gaining The Most Price Today (CEEK, SAND, MBOX, SUSHI, RACA)
Crypto markets are doing exceptionally well today, most seeing bullish momentum. Metaverse coins continue to dominate the markets with double-digit percent price gains this Thursday. This article looks at the top five crypto Metaverse coins gaining the most price today, ordered by 24-hour price gain, lowest to highest. CEEK VR (CEEK) +14.30% The CEEK VR […] The post Top 5 Crypto Metaverse Coins Gaining The Most Price Today (CEEK, SAND, MBOX, SUSHI, RACA) appeared first on NullTX.
231 day agocryptopotato
SushiSwap Proposal Calls for a Merger With the Bancor Network
A community submission proposes for SushiSwap to merge with the Bancor Network with the aims of benefiting traders and liquidity providers.
235 days agozycrypto
Avalanche Sushi is Crypto’s Hottest Dish
By now, it’s pretty well-known Daniele Sestagalli (a core developer known for various original projects on Layer-1 Avalanche Blockchain), wants SushiSwap onboard for the “Frog Nation” ecosystem. Three tokens associated with the Nation presently include TIME, SPELL, and MIM. Together, they’re all valued at $5.9 billion. The thought is with more resources, Avalanche can better […]
238 days agonulltx
Gods Unchained Price Up 26% After SushiSwap AMA
As cryptocurrency markets rebound slightly today, we’re seeing many projects increase in price by over 20%. Out of all the cryptocurrencies on, Gods Unchained is today’s biggest gainer, rising over 26% in price over the past 24 hours. Let’s look at what Gods Unchained is and why the price is increasing so much. What […] The post Gods Unchained Price Up 26% After SushiSwap AMA appeared first on NullTX.
239 days agocryptonomist
Avalanche’s top developer wants to restructure SushiSwap
Many developers of the SushiSwap project have abandoned it, and it requires a revamp The post Avalanche’s top developer wants to restructure SushiSwap appeared first on The Cryptonomist.
243 days agocointelegraph
Former SushiSwap CTO writes short reflection about leadership failures at blockchain DEX
"In the end, ultimately, I failed to deliver because of my compounding failures and will incorporate this knowledge into my next project," said Delong.

About SushiSwap

The live price of SushiSwap (SUSHI) today is 1.5967 USD, and with the current circulating supply of SushiSwap at 127,244,443 SUSHI, its market capitalization stands at 203,169,908 USD. In the last 24 hours SUSHI price has moved 0.1541 USD or 0.11% while 36,660,016 USD worth of SUSHI has been traded on various exchanges. The current valuation of SUSHI puts it at #169 in cryptocurrency rankings based on market capitalization.

Learn more about the SushiSwap blockchain network and how it works or follow the price of its native cryptocurrency SUSHI and the broader market with our unique COIN360 cryptocurrency heatmap.

SushiSwap Price1.5967 USD
Market Rank#169
Market Cap203,169,908 USD
24h Volume39,844,391 USD
Circulating Supply127,244,443 SUSHI
Max Supply250,000,000 SUSHI
Yesterday's Market Cap200,414,380 USD
Yesterday's Open / Close1.4209 USD / 1.575 USD
Yesterday's High / Low1.5939 USD / 1.3967 USD
Yesterday's Change
0.11% ( 0.1541 USD )
Yesterday's Volume36,660,016 USD
Powered by  Cryptocurrency prices in USD, market cap, volume
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