Sushi SUSHI

Payout off peakRank#30in Low payout▼4Score33

Paid to holders this week: 18% of the best week in 90 days ($1k against $8k), while revenue +9% over 30 days. Also: holders revenue is paid out, not a buyback.

Dexs, Ethereum, Fantom, BSC +30, 193 days of data

Low payout: less than $100k to holders in 30 days, or payouts on fewer than 8 of the 30 days (for a token that pays in cycles of a week or longer: more than one of the payouts its cycle predicts missed); ranked within this group

Market cap

$49.4M

price $0.171 · 7d −4.1% · 30d −28.8%

FDV $49.7M (1.0× market cap)

source defillama

Counted per year

$87k

holders revenue of the last 30 days, $14k, × 365 ÷ 30, × type factor 0.5 (payouts count 50%)

Distributionbuyback share 5%

Pays out 0.4% of its market cap a year, using 5¢ of every $1 it earns.

Not a buyback: counts for 50% in the multiple (type factor 0.5), so the denominator is $87k instead of $173k.

Multiple

570×

peer median 24.1× (Dexs, 14 tokens), against 570× here

Run-rate

1.3k×

last 7 days $1k × 52 × 0.5 (type factor) = $38k a year

last week's payout to holders ran at 44% of the 30-day pace: the payout is slowing

What we checked

Valuation
Multiple 570× (type factor 0.5: payouts count 50%), 23.6× more expensive than its Dexs peers (median 24.1×, 14 tokens). The group's largest earner Uniswap trades at 36.2×: 15.8× dearer per dollar returned to holders. On total revenue: 13.2×, 1.3× cheaper than the revenue peer median.
Distribution
Distribution: Revenue is paid out to stakers or holders (often in another asset); no buy pressure on the token. Holders got $14k of $307k revenue in 30 days → buyback share 5%. DefiLlama: “Swap Fees To xSUSHI Stakers: The 1/6 protocol fee share from SushiSwap Classic swaps.”
Sustainability
Holders were paid on 30 of 30 days (100%); largest single day 36% of the month's holders revenue; paid to holders this week: 18% of the best week in 90 days (more than half below peak). Revenue −41% over 7 days and +9% over 30 days, price −29% over 30 days.

What this does not tell you

The figures come from DefiLlama's adapter for each child protocol. Only a few tokens have an on-chain check (see How the buyback really works); for the rest, whether the tokens were really bought, burned or parked in a treasury wallet is not checked here. Unlocks count where DefiLlama or our research has a vesting schedule; team discretion and liquidity depth only once researched.

Flags

Payout >50% below peakthis week's holders revenue is 18% of its best week in the last 90 days ($8k)
Data issue: chain mapping missingData issue (chain mapping missing): warning, scores are computed as usual

How the buyback really works

Not researched yet. Everything above comes from DefiLlama and market data only.

Holders revenue / revenue (30d): $14k / $307k; last 30 closed days
To holders: Pays out 0.4% of its market cap a year
FDV / dilution: $49.7M / 1.0×; FDV ÷ market cap
Price 7d / 30d: −4.1% / −28.8%
Revenue growth 7d / 30d: −41% / +9%; versus the period before
Divergence: 0.42; revenue growth minus price growth, 30d
DEX liquidity: $2.1M; DexScreener, representative pools
24h volume: $3.5M; all markets, CoinGecko
Unlocks 30d: —; DefiLlama's schedule does not cover the next 30 days while tokens are still locked
Revenue multiple: 13.2×; market cap ÷ revenue per year
Fee multiple: 5.7×; market cap ÷ fees per year
Distance to peak: 18%; this week ÷ best week of 90 days
Data since: May 4; first day with holders revenue

Holders revenue and price

Holders revenue per day7-day averagePrice (right axis)

Multiple over time

today 570× (scored) · peer median 24.1×

Market cap at close ÷ (holders revenue of the previous 30 days × 365 ÷ 30), with holders revenue capped at revenue and × the type factor: the same effective multiple as the peer median. Values above 100× are drawn at the top. Bands as on the meter; dashed line = peer median today.

Signal history

No signals for this token yet.

Versus peers

Dexs · 14 tokens · median multiple 24.1× · Uniswap is valued 72.7× higher. Per dollar that counts for holders, Sushi is 15.8× dearer.

Main-ranking peers only. Multiples count holders revenue capped at revenue, × the type factor (buyback 1 · buyback + burn 1 · burn 0.75 · mixed 0.75 · distribution 0.5 · unclear 0.5 · ve-distribution 0.25).

This token against its main-ranking peers: multiple, revenue multiple, buyback share, holders revenue, market cap and revenue growth
Token	Distribution	Multiple	Revenue multiple	Buyback share	To holders 30d	Market cap	Rev. growth 30d
Pharaoh Exchange	ve / bribes	0.3×	0.2×	100%	$1.3M	$2.4M	−53%
RamsesX	Mixed	0.7×	0.5×	90%	$347k	$2.2M	+8%
nest	Distribution	0.8×	0.4×	100%	$868k	$4.3M	+30%
up	ve / bribes	2.0×	1.0×	100%	$300k	$3.7M	−70%
Chainflip	Buyback + burn	5.6×	5.6×	100%	$536k	$36.3M	+56%
Aero	ve / bribes	8.2×	3.8×	96%	$7.4M	$352.3M	−8%
PancakeSwap	Buyback + burn	21.0×	13.7×	65%	$2.4M	$602.4M	−29%
Raydium	Buyback	27.2×	16.9×	62%	$1.3M	$421.9M	−65%
Curve Finance	ve / bribes	30.7×	11.1×	94%	$2.6M	$376.7M	+44%
Uniswapleader	Buyback + burn	36.2×	36.2×	100%	$8.2M	$3.59B	−19%
Aster	Buyback + burn	51.2×	∞	—	$2.7M	$1.71B	—
Orca	Buyback	52.8×	8.1×	15%	$120k	$77.1M	−37%
Meteora	Distribution	162×	4.8×	17%	$480k	$166.1M	−54%
Sushithis token	Distribution	570×	13.2×	5%	$14k	$49.4M	+9%

Score build-up33 of 100

Total score = 35% valuation + 25% momentum + 20% divergence + 20% quality − penalties, clamped to 0–100. Every number here can be recomputed from the figures on this page.

33of 100#30▼4top 39%

Valuation 10.7Momentum 6.7Divergence 5.7Quality 10.3= 33.3

Valuation35%

31Valuation 30.6: HR half 0.0 (multiple 570.06×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 61.1 (revenue peer value 1.28×; 0 at ≤0.33×, 50 at 1×, 100 at ≥3×, log scale).Average of two halves. HR half: linear in log(multiple), 100 at ≤ 3×, 0 at ≥ 100×, 0 without effective HR. Revenue half: linear in log(revenue peer value), 0 at ≤ 0.33×, 50 at 1×, 100 at ≥ 3×; neutral 50 when the peer group falls back to the universe.

Momentum25%capped

27Momentum 26.9: m = 0.5·g7 −0.535 + 0.3·(ln(day jump 0.79) clamped ±1.5 = −0.242) + 0.2·g30 0.085 = −0.323; 0 at ≤−0.7, 50 at 0, 100 at ≥1.1.m = 0.5·g7 + 0.3·ln(day jump, clamped ±1.5) + 0.2·g30; 0 at m ≤ −0.7, 50 at 0, 100 at ≥ 1.1. Neutral 50 when g7 or g30 is missing; a missing day jump counts as 0.

Divergence20%capped

28Divergence 28.2: d = g30 − p30 = 0.424; 0 at ≤0, 100 at ≥1.5.d = max(0, g30 − p30) when g30 > 0; 0 at d ≤ 0, 100 at d ≥ 1.5, linear.

Quality20%

51Quality 51.3: mean of days HR>0 100% → 100.0 (0 at ≤30%, 100 at ≥90%), largest day 36% of HR30 → 54.0 (0 at ≥60%, 100 at ≤15%), distance to peak 0.18 → 0.0 (0 at ≤0.25, 100 at ≥0.9).Average of: share of days with HR > 0 (0 at ≤ 30%, 100 at ≥ 90%), 1 − largest day ÷ HR30 (0 at ≥ 60%, 100 at ≤ 15%) and distance to peak (0 at ≤ 0.25, 100 at ≥ 0.9).

HR7 is below 50% of its 90-day peak: momentum and divergence are capped at 50. This is not a penalty; the distance already counts in quality.

Penaltiesnone

No penalty applies — 10 rules checked, 3 wait for research data

Where the numbers come from

Revenue source: 7 active children; DefiLlama adapter per child
Price and market cap: defillama / defillama; latest fetch
Scored on: November 12, 2026; as-of date of the last compute run
On-chain verified: not yet; not checked yet

Protocols behind this token7 at DefiLlama

Per protocol: DefiLlama's methodology text, the distribution type we read from it and the sentence that decided it. The token takes the type of the protocol that returns the most to holders.

SushiSwap
Dexs · Ethereum, Fantom, BSC, Polygon, Gnosis, Arbitrum, Avalanche, Moonriver, Celo, Fuse, Base, Linea, Metis, OP Mainnet, CORE, Blast, Sonic, Katana, Arc
type distribution · source label
“Swap Fees To xSUSHI Stakers: The 1/6 protocol fee share from SushiSwap Classic swaps.”
A share of each trade fee goes to xSUSHI stakers.
Swap Fees To xSUSHI Stakers
The 1/6 protocol fee share from SushiSwap Classic swaps.
adapter on GitHub ↗
SushiSwap Agg
DEX Aggregator · OP Mainnet, Base, Polygon, Ethereum, Katana, Arbitrum, Mantle, Moonbeam, Polygon zkEVM, Linea, ZKsync Era, Hemi, Gnosis, BSC
type unclear · source none
No methodology text at DefiLlama.
adapter on GitHub ↗
SushiSwap V3
Dexs · OP Mainnet, Polygon zkEVM, Moonriver, Arbitrum Nova, ThunderCore, BSC, Boba, Ethereum, Gnosis, Avalanche, Polygon, Arbitrum, Fantom, Linea, Base, Kava, Blast, CORE, Metis, Scroll, Sonic, Hemi, Fuse, Rootstock, Bittorrent, Katana, Robinhood Chain, Arc
type distribution · source label
“Swap Fees To xSUSHI Stakers: Protocol fee share routed to xSUSHI stakers through the SushiBar flow (Negligible since Mid of October 2025).”
Negligible (was 38% before Mid of October 2025). SUSHI stakers stopped receiving major part of swap fees in Mid of October 2025; so no part of the fee is counted as going to holders
Swap Fees To xSUSHI Stakers
Protocol fee share routed to xSUSHI stakers through the SushiBar flow (Negligible since Mid of October 2025).
adapter on GitHub ↗
Sushi Perps
Interface · Hyperliquid L1
type distribution · source text
“No fees distributed to SUSHI token holders”
No fees distributed to SUSHI token holders
adapter on GitHub ↗
Sushi Launchpad
Launchpad · Robinhood Chain, Arc
type unclear · source none
No methodology text at DefiLlama.
adapter on GitHub ↗
Sushi Trident
Dexs · Metis, OP Mainnet, Polygon, BSC, Arbitrum, Bittorrent, Kava, Avalanche
type unclear · source text
“Money going to governance token holders”
Money going to governance token holders
adapter on GitHub ↗
Sushi Spot
Interface · Hyperliquid L1
type unclear · source none
No methodology text at DefiLlama.
adapter on GitHub ↗