Launched in 2020 during the height of "DeFi Summer," SushiSwap (SUSHI) is a decentralized exchange (DEX) that famously originated as a controversial "hard fork" of Uniswap. The project gained immediate notoriety through a strategy known as a "vampire attack," where it successfully drained over $1 billion in liquidity from Uniswap by incentivizing users to migrate their funds in exchange for high rewards in its native SUSHI token. Beyond its dramatic origin, the platform has evolved into a comprehensive multi-chain DeFi hub, allowing users to trade assets across dozens of different blockchains via its SushiXSwap feature. The SUSHI token serves a dual purpose: it is used for community governance and can be staked to receive xSUSHI, a mechanism that entitles holders to a share of the trading fees generated by the platform.
