SushiSwap v3 on Base: What You Need to Know About This Crypto Exchange

• DATE: 8 12 25
• BY: Stellan Marwick

When you hear "SushiSwap v3 on Base," you might expect a powerful, fast, and cheap decentralized exchange built for the future. But here’s the truth: SushiSwap v3 on Base doesn’t exist as a live, documented product yet. There’s no official launch, no public liquidity pools, no user interface, and no verified transaction data. What you’re seeing online is mostly speculation, outdated information, or confusion with SushiSwap’s older versions on Ethereum.

SushiSwap has been around since 2020. It started as a fork of Uniswap, but with a twist: it gave power back to users through token rewards and community voting. The platform’s quirky Japanese restaurant theme-BentoBox, Kashi, Miso-makes DeFi feel less intimidating. That’s still true today. But when people talk about "v3," they’re usually mixing it up with Uniswap v3, which introduced concentrated liquidity. SushiSwap has been working on its own version of v3, but it’s still in development. And while SushiSwap has explored cross-chain expansion with Solana and Layer N, there’s no public proof it’s live on Base.

Base is Coinbase’s Layer 2 blockchain. It’s fast, cheap, and growing fast. Thousands of projects are moving there because gas fees are a fraction of Ethereum’s. If SushiSwap ever launches v3 on Base, it would make sense: low-cost swaps, high-speed trades, and access to Coinbase’s millions of users. But right now, that’s a "what if," not a "what is."

What SushiSwap Actually Offers Today

As of December 2025, SushiSwap operates mainly on Ethereum. Its core function is simple: swap ERC-20 tokens without a middleman. You connect your wallet-MetaMask, Coinbase Wallet, or others-and trade directly. No KYC. No account creation. You hold your own keys. That’s the whole point of DeFi.

The platform uses Automated Market Makers (AMMs), not order books. That means liquidity pools, not buyers and sellers matching orders. If you want to trade ETH for USDC, you’re swapping against a pool of both tokens held by other users. The price shifts slightly based on how much you trade. It’s not perfect, but it works.

SushiSwap also offers more than swaps. There’s BentoBox, a vault that lets you earn interest on your tokens. Kashi lets you lend and borrow with isolated risk. Miso helps teams launch new tokens. These tools aren’t unique, but they’re well-integrated. And SushiSwap’s community votes on upgrades through SUSHI tokens. If you hold SUSHI, you get a say in what changes.

Right now, the SUSHI token trades around $0.695. Its market cap is about $198 million. That’s down from its peak of $23.38 in 2021. But it’s also up from its low of $0.45 in mid-2024. The trading volume hovers near $35 million daily. That’s not Uniswap-level traffic (which does over $1 billion), but it’s solid for a community-driven project.

Why People Think SushiSwap v3 Is on Base

Confusion comes from a few places. First, SushiSwap has been talking about "v3" for over a year. Their roadmap mentions improved capital efficiency, better fee structures, and multi-chain support. But they’ve never released a technical spec or testnet for v3 on Base.

Second, Base has become a hotspot for DeFi. Projects like Balancer, Curve, and KyberSwap have launched there. So when someone sees "SushiSwap" and "Base" in the same tweet or forum post, they assume it’s live. It’s not. It’s wishful thinking.

Third, some third-party sites list "SushiSwap v3 Base" as a trading pair. These are fake or outdated. They might be bots scraping old data or scammers trying to trick users into connecting wallets to malicious contracts. Always check the official site: sushi.com. If it’s not listed there, it’s not real.

What Would SushiSwap v3 on Base Look Like?

If SushiSwap ever launches v3 on Base, here’s what we’d expect based on industry trends and their past behavior:

• Concentrated liquidity - Like Uniswap v3, users could set custom price ranges for their liquidity, making capital use more efficient. That means higher returns for LPs.
• Lower fees - Base gas fees are under $0.01. Swaps could cost pennies, not dollars.
• More tokens - Base has native tokens like $BOME, $TIA, and $ETH. SushiSwap v3 would likely list these quickly.
• Mobile-first UX - Coinbase’s audience is mostly casual users. The interface would need to be simpler than Ethereum’s current version.
• Integration with Coinbase Wallet - One-click login, fiat on-ramps, and in-app swaps could become standard.

But here’s the catch: SushiSwap doesn’t need Base to survive. It’s still profitable. It still has users. It still has developers. Moving to Base would be an expansion, not a rescue. And if they do it, they’ll likely wait until their v3 is battle-tested on Ethereum first.

How to Spot a Fake SushiSwap v3 Base Site

Scammers love fake DeFi platforms. If you see a site claiming to be "SushiSwap v3 on Base," here’s how to check if it’s real:

1. Check the URL. Official SushiSwap is sushi.com. Anything else-like sushi-base.com, sushi-v3.io, or sushi.base-is fake.
2. Look at the contract address. On Etherscan or Base Explorer, search for SushiSwap’s official contracts. If the address doesn’t match, don’t connect your wallet.
3. Check Twitter and Discord. SushiSwap’s official team posts updates there. If you see no mention of Base v3, it’s not live.
4. Never send funds to a "liquidity mining" page that asks you to deposit before earning.
5. Use WalletConnect or Coinbase Wallet to verify the site’s legitimacy before approving any transaction.

One user in Texas lost $12,000 last month after clicking a Google ad that said "SushiSwap v3 Base - Earn 50% APY." The site looked real. The logo was perfect. But the contract was a honeypot. It locked his funds forever.

Alternatives to SushiSwap on Base

If you want to trade crypto on Base right now, here are three real, working options:

• Uniswap v3 on Base - The most liquid DEX on Base. Supports hundreds of tokens. Low fees. Trusted by millions.
• Curve Finance on Base - Best for stablecoin swaps (USDC, DAI, USDT). Super low slippage.
• Velocimeter - A fast, low-cost AMM built specifically for Base. Popular for new token launches.

All three have live liquidity, verified contracts, and active communities. You can check their TVL (Total Value Locked) on DeFiLlama. SushiSwap v3 on Base? Zero TVL. Because it doesn’t exist.

Should You Wait for SushiSwap v3 on Base?

If you’re excited about SushiSwap, don’t wait for Base. Use it on Ethereum today. The platform is stable. The features work. The community is active. You can earn SUSHI rewards by providing liquidity. You can vote on proposals. You can use BentoBox to earn interest.

If you’re looking for the best DeFi experience on Base, go with Uniswap v3. It’s proven. It’s fast. It’s secure. SushiSwap v3 on Base might come in 2026-or never. Don’t hold your breath.

Keep an eye on SushiSwap’s official blog and Twitter. When they announce v3 on Base, they’ll do it loudly-with code, testnets, and a public audit. Until then, treat any claims as rumors. And never invest based on hype alone.