Sushiswap Vs. Uniswap: Which One Is a Better Investment?

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Uniswap vs. Sushiswap

In the fast-paced world of cryptocurrency trading, two decentralized exchanges have emerged as fierce competitors: SushiSwap and Uniswap. Both platforms offer a unique approach to trading digital assets without intermediaries. Still, their differences have created a battle for supremacy. With each side defending its unique features and benefits, the question remains: who will come out on top in this epic duel? Join us as we explore the world of SushiSwap vs. Uniswap and discover the future of decentralized trading.

Sushiswap Vs. Uniswap: Which One Is a Better Investment?

What Is Sushiswap?

Unlike most cryptocurrencies that include a blockchain and a token, SushiSwap is an exchange with a token. Launched in 2020, Sushiswap is a decentralized exchange (DEX) and automated market maker (AMM), which is a fork of the popular UniSwap platform, but with some unique features and improvements. Since they have so much in common and belong to the same origin, SushiSwap is usually compared and considered one of the UniSwap alternatives.

Powered by the Ethereum network, SushiSwap is the go-to platform for traders seeking a truly decentralized and community-driven alternative to traditional centralized exchanges. With SushiSwap, you can trade cryptocurrencies without intermediaries, thanks to its innovative use of smart contracts to create liquidity pools and automated market makers.

SushiSwap was launched by an anonymous developer known as Chef Nomi. The main idea behind developing such an exchange was to create a more community-oriented and innovative version of Uniswap. One important feature that differentiates SushiSwap from UniSwap is its native token, known as SUSHI, which is a governance token, allowing its holders to vote on the system and receive a share of the fees generated by the platform. 

SUSHI is one of the most popular and innovative tokens in the decentralized finance (DeFi) space, which can be used as a governance and utility token, rewards, staking, and investment. 

To buy SUSHI, there are several payment methods available on BlockTrade. You can buy Sushiswap coins (SUSHI) with a credit card or use your debit card to buy SUSHI coins. Furthermore, people who want to use their Android devices can buy SUSHI with GooglePay. The same method is available for people who want to use their iPhones; buying SUSHI with ApplePay is also supported. 

What Is Uniswap?

The other popular decentralized exchange (DEX) in the crypto market is UniSwap, launched in 2018 to allow users to swap, lend, and borrow cryptocurrencies without intermediaries. Uniswap is one of the most popular and innovative protocols in the decentralized finance (DeFi) space, which aims to provide open and accessible financial services on the blockchain.

Uniswap has grown rapidly since its inception, becoming one of the most widely used protocols on Ethereum. In May 2021, Uniswap launched its third version, introducing new features and improvements, such as concentrated liquidity, multiple fee tiers, and custom price ranges.

Furthermore, unlike other exchanges, UniSwap doesn’t ask users to create an account or provide personal information. Therefore, they can trade without verifying identity because UniSwap offers a peer-to-peer trading experience. However, the downside of this exchange is that it doesn’t accept fiat currency. Therefore, people should buy another crypto and exchange it with UNI on this platform. 

Like Sushiswap, Uniswap also comes with a native token called UNI, which is an ERC-20 token. UNI is a governance token, which means its holders can use their tokens to vote on the system. This token can also be used as an investment and utility token. 

Read more about how Uniswap works to fully understand what happens on this platform. 

Since UNI is the token on the Uniswap exchange, you can buy it there too. However, it will be more affordable if you buy UNI on BlockTrade because it comes with no trading fees. Additionally, several payment methods are available on the BlockTrade exchange, allowing its users to buy UNI with credit cardsdebit cards, and bank transfers. For people who want to use their Android or iOS device to purchase this coin, purchasing UNI with ApplePay and purchasing UNI with GooglePay are also supported. 

SushiSwap and UniSwap Similarities

  • Both exchanges are based on Ethereum-network incorporating ERC-20 tokens. 
  • Uniswap and Sushiswap are both decentralized exchanges (DEX) using smart contracts.
  • They both have native tokens.
  • Their tokens are popular among decentralized finance (DeFi) enthusiasts. 

SushiSwap and UniSwap Differences

Although they come from the same family, SushiSwap and UniSwap have some differences: 

Sushiswap uses its token on a reward system. It distributes part of its revenue to its liquidity providers and token holders. UniSwap doesn’t have any reward system for its holders. 
SushiSwap exchange charges %0.2 fee for each trade. UniSwap exchange charges %0.1 trading fee. 
The interface of SushiSwap has some complexity and additional features to the UniSwap platform.One benefit of Uniswap exchange is its simplicity and user-friendliness.
The max supply of SUSHI is 250 million tokens. The max supply of UNI is 1 billion tokens. 

Which One Is a Better Investment? SushiSwap Vs. UniSwap?

We compared Sushiswap vs. Uniswap, and it is time to discover which one is better to invest in. However, there is no exact answer to this question because when it comes to investment, several factors should be considered at the time of purchase. Due to the crypto market volatility, no one can guarantee that purchasing crypto will be %100 profitable. Therefore, it is better to check out the following factors to make a better decision: 

  • Technical Analysis- Checking out the past performance of a cryptocurrency can give ideas about its future. However, it’s not easy to analyze crypto’s future price movements based on its past, especially for beginners. But, that can give ideas about the factors that impacted the price in the past or how profitable or stable a cryptocurrency had been during its existence. 
  • Fundamental Analysis– The current situation of a cryptocurrency has a significant influence on its future. Therefore, when you decide to purchase a token, especially as an investment, analyze the current condition of its market, such as its stock value, new investors, market capitalization, and any other news around the company.
  • Price Predictions- The future is unclear, and no one can predict it, especially in the crypto world. Yet, these predictions can help have an overview of the possible future of cryptocurrency. Although the prices might not be exactly what crypto analysts forecast, it can only tell the investors that if everything stays the same as today, what may happen in the future? 

SushiSwap Vs. UniSwap: Price History 

Let’s see what has happened in the past between SUSHI and UNI. 

SushiSwap Price History

SUSHI (SushiSwap Token) was released to the market on 30 August 2020 with an initial price of $1.19. Only two days after its release, its price rose and reached $8.92, showing its holders that it would surprise them more. However, its price dropped to $0.62 and ended the year at $2.62. As can be seen, it was profitable twice in one year, but for people who had bought it at the right time! 

The new surprise came out in 2021 when SUSHI’s price reached its all-time high price of $23.38 per coin. Even the next fluctuations in this year were still positive for people who had bought this token in the previous year. However, the SUSHI value decreased again in 2022 and reached as low as $1. 

SUSHI didn’t have a significant change in price in 2023 and even decreased to less than $1. Its price was $0.70 when writing this article in July 2023.

UniSwap Price History  

UniSwap coin (UNI) was released to the market in September 2020 with an initial price of $3.86. Like its younger brother, SUSHI, the UNI price increased the next day and reached $8.67 per coin. Who can increase their property by 125% in one day? That’s the surprising part of the crypto market. 

However, this surprise didn’t end there. UNI’s price went higher and higher until it reached its all-time high price of $45.02 per coin in May 2021. UniSwap had many ups and downs this year; it went down to $13 and reached up to $31.

UniSwap started 2022 at $17. But this year wasn’t that good for UNI holders because it was in a recession. Each day its price went down until it finished the year at a price of $5.10. The average price of UNI was around $4 to $6 per coin. The latest price of this token was $6.9 at the time of writing this article in July 2023. 

SushiSwap Vs. UniSwap: Price Predictions 

Now that we have explored the history of SUSHI and UNI, let’s see what analysts think about the possible future of each token.

SushiSwap (SUSHI) Price Predictions 

  • The analysts at CryptoNewsZ predict the maximum price of $3.73 for SushiSwap (SUSHI) by 2025, and they think its price might reach $12 by 2030.
  • CoinCodex crypto experts predict the highest price of $5.69 for SushiSwap (SUSHI) by 2025. However, they don’t think the SUSHI price will get higher than this amount by 2030.
  • The predictions on AMBcrypto show a possible price of $2.5 for SUSHI in 2025. The experts on this website predict the price of SUSHI to be around $7.63 by 2030.

UniSwap (UNI) Price Predictions 

  • According to CryptoNewsz, the possible price of SUSHI might be around $16.87 by 2025, and its price might reach as high as $54.21 per coin by 2030.
  • CoinCodex’s analysts predict a surprising price of $47.86 for SushiSwap (SUSHI) by 2025, and it might possibly be around $43.52 in 2030.
  • Based on AMBCrypto predictions, SUSHI might possibly be around $15.32 in 2025, and it might reach the highest price of $56.90 by 2030. 

Read the complete Uniswap price predictions from 2023 to 2030

Bottom Line 

Uniswap and SushiSwap are both decentralized exchanges that share many common things with each other. However, since Sushiswap is a fork of Uniswap, it comes with some differences and improvements. However, that doesn’t mean that it is superior to Uniswap, especially as an investment. Whether you want to use their exchanges or want to invest in their tokens, you should check out different factors because all the names on the crypto market are trying to enhance their performance or upgrade to the newest technology. 

Furthermore, their price may change due to the fluctuations in the crypto market. Therefore, before purchasing any token, it is recommended to check out its condition on the market. Equally important, you need to ensure your country’s rules and regulations about cryptocurrency. Check out the list of crypto-friendly countries in Europe


Is SushiSwap a copy of Uniswap?

SushiSwap is not exactly a copy of Uniswap, but it is a fork, or a modified version, of Uniswap. It was created to fulfill Uniswap’s shortcomings, such as governance tokens or liquidity pools. 

Why is Uniswap so popular?

Uniswap has a simple and easy-to-use platform with fast transaction times and low fees. Furthermore, users don’t need to give their personal information while using this exchange. That makes it a good option for people who care about their privacy. Uniswap is one of the leading platforms in the DeFi space, with a high trading volume and market capitalization.

Is SushiSwap better than Uniswap?

No one can guarantee that a cryptocurrency will perform better than another in the future. Furthermore, SushiSwap and UniSwap are exchanges too. Therefore, to use its exchange, you should consider different factors than when buying its tokens. In case of buying either of these tokens as an investment, you need to check different factors, such as price history, experts’ comments, investors, etc. No matter which tokens you purchase for investment, choosing the best crypto wallet to keep your digital assets secure is crucial. 

Why did Sushiswap fork from Uniswap?

SushiSwap was created by an anonymous group of developers called Chef Nomi. The main idea was to improve some aspects of Uniswap and add new features like governance tokens and liquidity pools. However, Uniswap later released a governance token, but UNI does not have the same features as SUSHI. 

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This is not financial advice. Mentioning coins and tokens is not a recommendation to buy, sell, or participate in the associated network. We would like to encourage you to do your own research and invest at your own risk.

Editorial team

We are a team of crypto enthusiasts. Each of us has extensive theoretical and practical experience in trading, cryptocurrencies, and blockchain. We also like to dig deep and explore. Our goal is to help you make the right and relevant decisions.

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