Sushi is excited to announce its plans to launch Susa, a new derivatives exchange built on Layer N – a hyper-performant Layer 2 designed as a network of custom and optimized rollups. This partnership will combine the technological advances of Layer N with the established DeFi community behind one of the top decentralized exchanges on Ethereum, aiming to bridge the gap in decentralized derivatives trading.
Sushi x Layer N: Bringing CeFi experience to DeFi perpetual trading with speed and unprecedented features
Susa will leverage Layer N's Nord Engine, enabling the exchange to process over 100,000 transactions per second with latency periods under 1 millisecond. This transaction speed will allow the decentralized exchange to rival its centralized counterparts in performance.
Sushi’s Head Chef, Jared Grey, commented on today’s news: “Sushi is excited to partner with Layer N, as we fully embrace the spirit of decentralized finance (DeFi) by combining our expertise to develop superior products. Layer N's modular approach to rollups unlocks greater capital efficiency and deeper liquidity, all while leveraging the security of Ethereum. This approach aligns perfectly with the modular network strategy gaining traction in the DeFi space, making Layer N one of the best technology stacks to build on.
Launching our perpetual DEX aims to capture the largely untapped market of perpetual trading, consistent with our multi-chain exploration strategy for growth. With perpetual DEXs comprising a small share of the market, introducing Susa highlights our drive for innovation. We look forward to introducing Susa to Sushi users and the DeFi community.”
By building on Layer N, Susa can leverage the StateNet architecture and allow developers to build custom applications on top of the exchange. The possibilities range from simple smart contract applications to fully built-out rollups, which can all tap into Susa’s liquidity and users. This will allow the exchange to differentiate amongst other applications and build an entire ecosystem.
Dima Romanov, CEO and Co-Founder of Layer N added, “Sushi has been one of the core DeFi protocols for years, and we are thrilled to support them in their next chapter. We are excited to see Susa be one of the first rollup nodes to launch on Layer N. Susa is poised to become one of the largest perpetual exchanges in decentralized space and build one of the largest ecosystems.”
Susa is set to be among the first exchanges to launch as a Rollup Node on Layer N’s StateNet, initially offering perpetuals, with plans to expand into spot and exotic markets. The platform will also introduce many unprecedented user-centric features yet to be revealed. Both teams are committed to narrowing the performance gap in decentralized finance, aiming to enhance user experience and transaction speed to levels currently only possible on centralized exchanges.
Sign up to experience Susa
Susa aims to launch in Testnet in H1 this year.Be the first to experience Susa. Limited beta sign-ups are now open. Secure your spot at susa.exchange.
About Sushi
Sushi is a leading multi-chain decentralized exchange (DEX) deployed across over 30 blockchains, featuring a unique cross-chain swap - SushiXSwap - that allows users to swap across 7 chains, including Ethereum, Arbitrum, Optimism, Polygon, Base and more. With a focus on agile innovation, Sushi is committed to continuously shipping fast-to-market, enhanced trading, and liquidity provision (LP) solutions, all aimed at delivering the best DEXperience.
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About Layer N
Layer N is an Ethereum StateNet, a novel L2 designed as a network of custom and optimized rollups powered by a shared communication and liquidity layer. Layer N aims to expand what's possible to build on-chain by maximizing performance and UX while enabling seamless communication, liquidity sharing, and composability between applications without withdrawal periods and bridging risks.