SUSHI Price Trend Deep Dive: Latest Market Dynamics and Long-Term Investment Outlook

In the early morning, SushiSwap’s community governance forum became active again. When the new “Chef” Jared Grey announced that the newly designed legal structure, developed in collaboration with top Silicon Valley law firms, was approved, it represented the community’s collective breakthrough under regulatory pressure, backed by 110,000 voting tokens.

Meanwhile, the SUSHI/USDT trading pair on Gate Exchange shows a price of $0.287, down 5% in 24 hours. Compared to the historical low of $0.2548 set in October this year, this price seems to indicate a certain degree of recovery.

01 Market Pulse

As of December 18, 2025, real-time data from SushiSwap paints a typical picture of DeFi tokens. Its circulating supply is 273 million tokens, with a total market cap of approximately $78.3 million, ranking around 390th in the global cryptocurrency standings.

The current price of SUSHI is $0.2868, a 4.84% decrease over the past 24 hours. Looking at a longer timeline, the situation appears more severe: nearly 7 days down 14.85%, 30 days down 36.43%, and the past year’s cumulative decline reaching 85.72%.

Despite short-term price volatility, market trading activity remains stable. The trading volume over the past 24 hours is about $159,000. This veteran DEX has been listed on 48 exchanges, including Gate, and has over 125,000 wallet addresses.

02 Recent Developments: Legal Restructuring and Fee Proposal Controversy

The most notable recent development for SushiSwap is undoubtedly its significant legal restructuring. Just recently, Sushi DAO passed a proposal unanimously, deciding to split DAO governance and protocol management into three new legal entities.

These entities are established in the Cayman Islands and Panama. The Cayman DAO Foundation will handle traditional governance responsibilities, including managing the treasury, proposing initiatives, and on-chain voting.

The two entities in Panama focus on the protocol itself: one foundation manages smart contracts, and another company maintains the protocol’s front-end interface. This carefully designed structure aims to isolate risks across different business modules.

Almost simultaneously, Jared Grey, the new CEO, announced on the community governance forum that he was withdrawing the previously proposed fee reallocation plan and stated that a revised proposal would be released later this week for discussion.

This original proposal, aimed at alleviating treasury funds pressure, clearly requires more community consensus. This series of actions clearly indicates that SushiSwap’s governance team is attempting to build a more sustainable and compliant operational foundation amid tightening regulations.

03 Competitive Landscape: SushiSwap’s Market Position in 2025

To fully understand the value and challenges of SUSHI, it must be viewed within the broader decentralized exchange (DEX) competition landscape. The DEX market in 2025 shows strong growth, with monthly trading volume surpassing $613 billion in October, setting a new record.

In this thriving market, SushiSwap’s performance appears relatively subdued. According to industry data analysis, compared to major competitors Uniswap and PancakeSwap, SushiSwap’s market share has continued to shrink in 2025.

Uniswap has a deep foundation in Ethereum and its Layer 2 ecosystem, handling about $1.1 trillion in trading volume over the past year. PancakeSwap, leveraging low fees and fast transactions on BNB Chain, generated approximately $1.2 trillion in trading volume last year, slightly surpassing Uniswap.

In contrast, SushiSwap’s annual trading volume has fallen out of the top ten DEXs, reflecting challenges such as liquidity dispersion and slowing user growth. Although it still operates across multiple blockchains and serves specific communities, it faces pressure in attracting mainstream trading traffic.

04 Outlook and Divergent Predictions: Diverse Price Forecasts

Regarding SUSHI’s future value, market predictions vary. In the short term, the market remains cautious. Industry analysis suggests that the conservative price range for SUSHI in 2025 could be between $0.2209 and $0.2640.

Gate’s own predictive model offers a different perspective. It forecasts an average price around $0.31 in 2025, with a potential high of $0.40.

Looking further ahead, Gate’s long-term forecast shows some optimism. The model indicates that by 2030, the average price of SUSHI could reach $0.59, representing about an 89% potential increase from current levels.

Another analysis presents a more conservative long-term outlook. It predicts that even in optimistic scenarios, the maximum price of SUSHI by the end of 2030 might only be $0.63224.

These differing forecasts highlight the high uncertainty surrounding SUSHI’s future, with its value closely tied to whether SushiSwap can successfully reverse its declining market share and regain footing in the fierce DEX competition.

05 Value Drivers: Token Economics and Market Sentiment

As a governance token, SUSHI’s core value lies in empowering holders to participate in SushiSwap’s governance decisions. This includes voting on parameter adjustments, approval of new liquidity pools, fund allocation, and protocol upgrades.

Additionally, SUSHI holders are entitled to share in the protocol’s generated trading fees. Designed into the system, once liquidity migration is complete, SUSHI holders can receive a 0.05% share of the total trading volume.

From the token supply perspective, SUSHI employs an open monetary policy with no preset maximum supply, contrasting with fixed-supply cryptocurrencies like Bitcoin. The current circulating supply is about 273 million tokens.

The current “Fear and Greed Index” in the crypto market is at 16, indicating “extreme fear,” which undoubtedly adds additional pressure on SUSHI’s price. In this environment, any positive fundamental change could serve as a catalyst for a price rebound.

Whether it is the recent legal restructuring or the re-drafting of the fee proposal, both point to a core goal: enhancing the protocol’s sustainability and competitiveness. If these initiatives are successfully implemented, they could substantively support SUSHI’s long-term value.

Future Outlook

The legal structures in Panama and the Cayman Islands will create a risk isolation wall for SushiSwap. Meanwhile, the spot price of SUSHI on Gate Exchange is $0.287, up slightly by 3.20% in 24 hours.

SUSHI’s price on the daily chart shows a series of unpredictable fluctuations. From the historical high of $23.38 in March 2021 to the low of $0.2548 in October 2025, nearly erasing all gains from its peak period.

Every minor movement on the price chart is like a breath for this veteran DeFi protocol amid fierce market competition. Ultimately, how SUSHI’s value curve will extend depends on whether the protocol can find new life amid transformation.