SushiSwap Deploys v3 Pools on 13 Chains
SushiSwap has rolled out its v3 concentrated liquidity pools across 13 blockchains, including Base and other Ethereum L2s. The move is the largest multi-chain deployment of its kind to date. It is expected to trigger new liquidity incentive programs and increase capital flows between chains as protocols compete for TVL.
- Concentrated liquidity allows liquidity providers (LPs) to allocate their capital within specific price ranges instead of across the entire price curve, which can lead to greater capital efficiency and lower slippage for traders. However, this requires more active management from LPs to keep their positions in range and avoid impermanent loss. - SushiSwap's v3 is a fork of Uniswap v3's design, a move made possible after the expiration of Uniswap's Business Source License in April 2023. PancakeSwap was another major DEX that quickly forked the Uniswap v3 code. - The initial v3 deployment includes key chains for cross-chain traders such as Ethereum, Arbitrum, Arbitrum Nova, Avalanche, BNB Chain, Optimism, and Polygon. The stated goal is to eventually cover all 30+ chains where SushiSwap is live. - A new smart order routing system named Tines was released with v3, which unifies liquidity across all of Sushi's pool types to find the most cost-efficient route for a swap. - The next phase of the rollout includes a rewards program to incentivize liquidity. This program will reward the most efficient LPs with additional $SUSHI tokens, initially launching on Ethereum, Arbitrum, Optimism, and Polygon. - As of early 2026, SushiSwap's Total Value Locked (TVL) across all chains is approximately $70.4 million. The majority of this liquidity, over $52 million, is held on the Ethereum mainnet. - This multichain v3 deployment positions SushiSwap to compete more directly with other DEXs that have implemented concentrated liquidity, such as QuickSwap on Polygon and Uniswap v3 itself across various chains.
