Is SushiSwap Safe?
Risk Grade: C+ (36/100)
SushiSwap is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
Moderate risk — still functional across 40+ chains, but the massive TVL decline, past exploits, and sprawling attack surface raise real sustainability concerns
One of the earliest DeFi exchanges, deployed across 40+ blockchains with $200M in deposits. It has survived leadership crises, a $3.3M router exploit, and a $3M insider supply-chain attack. Its C+ grade reflects a protocol that keeps running but has lost 99% of its peak TVL and faces ongoing security and sustainability questions.
TVL
$43M
Mechanisms
8
Interactions
5
Value Grade
C+
Key Risks for SushiSwap Users
The swap router is deployed identically on 40+ chains. A single bug can be exploited across all of them before the team can patch every deployment. This already happened in 2023 with $3.3M in losses
An anonymous contractor once injected malicious code into the MISO launchpad and stole $3M. Open-source contribution from unknown developers means this supply-chain attack could happen again
TVL has crashed 99% from its 2021 peak. If revenue drops further, the team cannot afford security audits across 40+ chains. Unaudited contracts on low-activity chains become ticking time bombs
Top Risk Factors
- •RouterProcessor2 exploit in April 2023 resulted in $3.3M loss across 14 chains due to approval-related vulnerability
- •MISO launchpad suffered $3M supply chain attack via malicious code injection from anonymous contractor
- •TVL has collapsed 99% from 2021 peak, raising protocol continuity and developer retention concerns
Risk Score Breakdown
SushiSwap's highest risk area is Track Record (12/15). Here's how each dimension contributes to the overall 36/100 score:
Read the Full SushiSwap Risk Report
This protocol has 2 collapse scenarios. 3 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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