As we close out 2024, we celebrate the incredible milestones, innovations, and growth that defined Sushi this year. From innovative product launches and expansive chain integrations to governance updates and community engagement, Sushi is the ultimate multi-chain DEX that lets you SWAP ANYTHING.
Aggregator Volume Growth
August - December: Average Month-over-Month (MoM) growth is 40+%.
Surpassed $1.5B cumulative volume since July 2024.
Chain-Specific Volume
Achieved $1B cumulative trading volume on Base by November 2024.
Sushi Bar Rewards Distributed
Over $2M+ worth of $SUSHI rewards distributed to xSUSHI holders throughout the year.
January: $33,535.
February: $229,203 (two serves).
March: $187,580 (two serves).
April: $93,385.
July: $312,000.
Total Documented: $822,168.
Total UI Fees
Generated $2M+ in UI fees across all chains and products in 2024 (since Aug).
đź’ˇ Product Innovations: Pushing the Limits of DeFi
Core Upgrades & Features
SushiSwap Aggregator: The evolution of swap technology. Our cutting-edge Route Processor powers the SushiSwap Aggregator, seamlessly integrating liquidity from 40+ chains, including major pools like Curve, Algebra, and Quickswap. This ensures unmatched pricing, liquidity optimization, and rapid price quotes. Recent updates introduced enhanced swap rates and front-end fees on selected pools, optimizing performance for traders across the board.
Sushi Bar Relaunch: Revived staking functionality for $SUSHI, enabling users to earn rewards ($xSUSHI) and participate in governance.
User Experience Enhancements
Mini Portfolio: Unified dashboard to track wallet balances, staking rewards, token holdings, and transaction history across chains.
Token Selector: Improved with trending tokens, personal asset views, and enhanced search functionality.
Enhanced Multi-Chain User Experience: Switching between chains is now effortless, with a streamlined network selector that minimizes clicks and maximizes efficiency. This and other features are designed to create a seamless swapping experience, prioritizing ease and speed for users.
Automatic Tax Token Support: Simplifies swapping tokens with additional project-imposed fees (taxes) by automatically factoring in those fees and adjusting slippage settings to ensure smooth transactions.
Special Features
SushiXSwap Expansion: Cross-chain swaps now span 15 networks through Axelar integration, enabling seamless token transfers across chains with broader network support.
Referral Program: Users earn 40% of trading fees for successful referrals, with 75% allocated to referrers and 25% to referees.
New Chains Supported: Continue the Multi-chain expansion
ZetaChain: A Layer 1 blockchain and developer platform that connects L1 and L2 networks, from Ethereum to Bitcoin and beyond.
Blast L2: An Ethereum Layer-2 network providing advanced liquidity aggregation and native staking rewards.
Cronos: A blockchain network optimized for decentralized applications with liquidity aggregated via VVS Finance.
Rootstock: The first EVM-compatible Bitcoin sidechain offering decentralized finance on Bitcoin.
SKALE: A zero gas fees Ethereum native blockchain.
ZKsync: A Layer-2 scaling solution focused on low-cost, high-speed transactions while retaining Ethereum's security.
Mantle: A high-performance Ethereum Layer-2 network designed for modular scalability and deep liquidity.
Manta: A privacy-focused blockchain supporting scalable DeFi and cross-chain swaps.
Taiko: A decentralized zk-rollup protocol enabling secure and fast transactions on Ethereum.
Mode: A blockchain emphasizing speed, scalability, and eco-friendliness for efficient DeFi solutions.
zkLink: A multi-chain Layer-2 infrastructure connecting liquidity across Ethereum-compatible chains.
ApeChain: A dynamic blockchain ecosystem built on the Arbitrum stack.
TRON: A public layer-1 blockchain dedicated to accelerating the decentralization of the Internet, with 276 million users
Sonic Labs: The ultra-fast, Ethereum Virtual Machine (EVM)-compatible, developer-friendly Layer-1 blockchain.
Magic Store Integration: Enhancing the discovery of multi-chain and cross-chain swaps through Sushi’s presence in the Magic Store, the Web3 App Store by Magic Square.
GoPlus Security: Added advanced threat detection and fraud prevention tools for enhanced user safety.
đź“Ł Marketing Highlights
Swap Anything Campaign: Launched the Super Swap Roadmap, showcasing RP5 and expanded DEX integrations.
FAQs: A comprehensive informational section to address user queries.
YouTube Channel: Revamped with tutorials, walkthroughs, and product highlights.
Sushi Academy: Expanded educational resources for user education.
🌍 Global Events: Connecting Communities
ETHDenver: Panels and meetups on DeFi trends, AI in Web3, and parallelized VMs.
Paris Blockchain Week: Roadmap discussions with Halborn, Immunefi, and others.
Token2049 x 2 (Singapore/Dubai): Yacht parties, brunches, and breakfasts with Rootstock, Beefy Finance, and other partners.
Korea Blockchain Week: Co-hosted the Hash Hour with Layer3, Oort, and Core DAO.
Permissionless (Salt Lake City): Coffee meetups with Halborn and other industry leaders.
DevCon (Bangkok): Coffee meetups with Halborn, Nillion, and Somnia.
BTC Conference (Nashville): Breakfast and brunch events with the community and partners.
ETH San Juan 2024: Panels, networking, and exploring new opportunities in DeFi.
đź“Ł AMAs Hosted or Participated in 2024
January: ETHDenver - Sushi’s role in DePIN and AI in Web3.
February:
Omni Protocol - Future of DeFi and Integration.
State of DeFi - Partnered with De.Fi and iZUMi Finance.
March: Paris Blockchain Week - Focused on Layer N and governance updates.
April:
Susa x Layer N - Launch of the perps DEX.
Governance AMA - Collaboration with The Standard.io.
June:
Sushi x Splinterlands - Web3 gaming integration.
SKALE & Haven's Compass - Discussions on web3 gaming.
August: RP5 - Liquidity aggregation innovations.
October: Swap Anything - Super Swap Roadmap deep dive.
