SushiSwap vs AMM peers: 90-day price-to-sales ratios
Post34 words
Bullish call$SUSHI−97%since this piece, moved against the callHow it played out ↓Compares FDV to total revenue (P/S, 90d) across AMM and DEX protocols using Token Terminal data and concludes SushiSwap looks cheap at 5.1x versus 43x to 230x for peers.
Key claims
P/S 90d: 0x 229.5x, DODO 155.6x, Curve 87.9x, Pangolin 57.6x, Balancer 43.4x, Sushi 5.1x
Crazy how undervalued @SushiSwap is compared to other AMM/DEX protocols based on FDV/total revenues
P/S Ratio(90d):
-@0xProject 229.5x
-@BreederDodo 155.6x
-@CurveFinance 87.9x
-@pangolindex 57.6x
-@BalancerLabs 43.4x
-@SushiSwap 5.1x
@tokenterminal is changing the data game!🤯
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How the call played out · since 15 Jul 2021
Prices as of 23 Oct 2026This piece takes a view on $SUSHI, so that move is read against the call.
Bullish on SUSHI, calling it crazy undervalued at a far lower price-to-sales ratio than AMM and DEX peers.
−97%
Moved against the call · over 5.3 years
- At publication
- $7.13
- Now
- $0.217
- vs BTC
- −99%
- After 1 month
- +76%
- After 3 months
- +42%
- After 1 year
- −80%
- High since
- +113% 16 Sep 2021
- Low since
- −98% 26 Jun 2026
Since then
Zero has written 2 more pieces on $SUSHI since this one.
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish call in a thesis or market take is tracked; explainers, lists, maps and mentions are neutral context. Not financial advice.