Sushi (SUSHI)
Unlock Schedule
Sushi (SUSHI) Token Unlock & Vesting Schedule
As of October 17, 2026, 291.51 million SUSHI have been released. The schedule is ongoing, with no final release date.
The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.
Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.
Tokenomics & Utility
Governance, rewards, and xSUSHI
SUSHI was introduced as a reward for people who helped supply trading liquidity. The project has also used it in governance, giving holders a way to participate in decisions about Sushi’s direction. Proposals, community discussion, and voting connect the token to the platform’s development, though the exact effect of a vote depends on the proposal and how it is carried out. (sushi.com)
The token’s best-known staking feature is SushiBar. A holder deposits SUSHI and receives xSUSHI, a token representing a share of the SUSHI held in the bar. Sushi directs part of the fees from its standard v2 swaps toward this system. The fee share is used to acquire SUSHI for the bar, changing how much SUSHI an xSUSHI holder can redeem over time. This links the staking feature to activity in the exchange rather than to a fixed payment for holding a token. (sushi.com)
Sushi has revised its approach to rewards as the platform has grown. Its early model emphasized issuing tokens to attract liquidity. Later discussions placed more weight on trading fees, treasury funding, and rewards for sustained participation. The distinction matters: fees earned by supplying a pool, SUSHI awarded by an incentive program, and the fee share represented by xSUSHI come from different mechanisms. (sushi.com)
Assumptions
Sushi originally minted liquidity-mining and developer rewards, and said its 250 million-token original issuance was complete in November 2023. Later supply grew, while Sushi documented a 25 million-token Labs grant and a separate contributor budget whose payment dates are not fully established. The chart uses dated supply measurements to show issuance growth, but the monthly amounts between measurements are estimates, especially in the early years. Farming-reward vesting, treasury payments and future governance-controlled issuance cannot yet be fully dated.
- Early farmers’ locked MasterChef rewards: The sources give the amount but no release dates.
- Post-2023 governance-controlled minting and emissions: Releases depend on future governance or treasury decisions.
- Sushi Labs grant: The sources give the amount but no release dates.
- Sushi 2.0 contributor, hiring and leadership budget: Releases depend on recipients claiming tokens or on grants being awarded.
- Sushi 2.0 two-year vested compensation: The sources give the amount but no release dates.
- Sushi 2.0 four-year vested compensation: The sources give the amount but no release dates.
- Sushi 2.0 signing-bonus budget: The sources give the amount but no release dates.
- Sushi 2.0 performance-based compensation: Releases depend on recipients claiming tokens or on grants being awarded.
- 1. https://medium.com/sushiswap-org/the-sushiswap-project-8716c429cee1
- 2. https://github.com/sushiswap/masterchef/blob/master/contracts/MasterChef.sol
- 3. https://medium.com/sushiswap-org/whats-new-in-the-sushishop-1c0a8a5d3537
- 4. https://medium.com/sushiswap-org/sushi-first-course-2021-q1-update-164d857feb53
- 5. https://medium.com/sushiswap-org/sushi-second-course-2021-q2-update-379076fd586d
- 6. https://www.sushi.com/blog/merkle-tree-clawback
- 7. https://www.sushi.com/blog/kanpai-expires-xsushi-revived
- 8. https://www.sushi.com/blog/update-on-rewards-programs
- 9. https://paragraph.com/@%F0%9F%8D%A3%F0%9F%91%A8%E2%80%8D%F0%9F%8D%B3/evolving-sushi-bur-no-shinka
- 10. https://www.sushi.com/blog/introducing-sushi-labs
- 11. https://sushichef.medium.com/sushi-2-0-a-restructure-for-the-road-ahead-b19e80be52b9
- 12. https://www.sushi.com/blog/breaking-down-the-sushi-tokenomics
- 13. https://etherscan.io/token/0x6b3595068778dd592e39a122f4f5a5cf09c90fe2
- 14. https://ascendex.com/it/support/articles/49325
- 15. https://capital.com/en-int/analysis/sushi-coin-price-prediction-what-s-next-for-sushiswap
- 16. https://www.coingecko.com/
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 3 markets on Binance, OKX and Hyperliquid · $4.6M open interest
 HTX (CEX) | 541K | 169/1.1K |
 Binance (CEX) | 373K | 40K/51K |
 OKX (CEX) | 93K | 11K/15K |
 Bybit (CEX) | 82K | 18K/21K |
 Kraken (CEX) | 63K | 30K/64K |
 Coinbase (CEX) | 61K | 18K/35K |
 MEXC (CEX) | 61K | 44K/50K |
MEXC (CEX) | 55K | 37K/41K |
Binance (CEX) | 27K | 7.2K/11K |
 KuCoin (CEX) | 22K | 3.4K/9.7K |
Kraken (CEX) | 16K | 14K/24K |
 Bitget (CEX) | 14K | 56K/51K |
 Gate.io (CEX) | 9.2K | 23K/25K |
 Pancakeswap V2 (BNB) | 2.8K | 1K/1K |
OKX (CEX) | 872 | 7.1K/7.1K |
 Sushiswap V2 (Ethereum) | 550 | 486/485 |
OKX (CEX) | 511 | 13K/13K |
Pancakeswap V3 (BNB) | 138 | 115/115 |
 Uniswap V3 (Ethereum) | 21 | 160/159 |
Sushiswap V2 (Ethereum) | 11 | 21/21 |
Allocations
Description
#389
Sushi is a platform that enables decentralized trading, staking and farming of crypto tokens. Users can also earn sushi tokens as rewards for contributing to the governance and liquidity of the platform
| Sector: | DEX |
| Blockchain: | Ethereum |
Tokenomics Overview
Market Data
Tile coloring: Green indicates positive changes, red indicates negative changes, and neutral indicates no significant trend or unavailable data.
Perpetuals: 3 markets on Binance, OKX and Hyperliquid · $4.6M open interest
HTX (CEX) | 541K | 169/1.1K |
Binance (CEX) | 373K | 40K/51K |
OKX (CEX) | 93K | 11K/15K |
Bybit (CEX) | 82K | 18K/21K |
Kraken (CEX) | 63K | 30K/64K |
Coinbase (CEX) | 61K | 18K/35K |
MEXC (CEX) | 61K | 44K/50K |
MEXC (CEX) | 55K | 37K/41K |
Binance (CEX) | 27K | 7.2K/11K |
KuCoin (CEX) | 22K | 3.4K/9.7K |
Kraken (CEX) | 16K | 14K/24K |
Bitget (CEX) | 14K | 56K/51K |
Gate.io (CEX) | 9.2K | 23K/25K |
Pancakeswap V2 (BNB) | 2.8K | 1K/1K |
OKX (CEX) | 872 | 7.1K/7.1K |
Sushiswap V2 (Ethereum) | 550 | 486/485 |
OKX (CEX) | 511 | 13K/13K |
Pancakeswap V3 (BNB) | 138 | 115/115 |
Uniswap V3 (Ethereum) | 21 | 160/159 |
Sushiswap V2 (Ethereum) | 11 | 21/21 |