“Sushi Launches Revolutionary Decentralized Derivatives Exchange on Layer N”


Sushi, a multi-chain decentralized exchange (DEX) platform, has recently announced the launch of Susa, a new perpetuals exchange that aims to revolutionize the derivatives exchange space. This new platform is powered by Ethereum scaling solution, Layer N, which enables high-speed transactions and aims to achieve 100,000 transactions per second with under 1 millisecond of latency.

According to the Sushi team, Susa is a natural progression for SushiSwap as it continues to grow into a DeFi super ecosystem. The perpetuals exchange will offer deeper liquidity and greater on-chain capital efficiency, making it a strong competitor to centralized exchanges. The goal is to bring the centralized finance (CeFi) experience to the decentralized finance (DeFi) perpetual trading market.

Jared Grey, Sushi’s Head Chef, stated that the launch of their perpetual DEX is part of their multi-chain exploration strategy for growth. With perpetual DEXs currently holding a small share of the market, introducing Susa highlights their commitment to innovation. They are excited to introduce Susa to Sushi users and the DeFi community.

At the time of writing, SUSHI, the governance token on Sushi, was trading at $1.21. Although the news of Susa’s launch has been relatively muted due to Bitcoin’s surge above $51k, it still holds great potential for the DeFi market.

Sushi also shared that they are actively exploring other chains and will continue to innovate and expand their services to meet the growing demands of the DeFi market.

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Disclaimer: This article is for educational purposes only and should not be considered as investment advice. Always do your own research before making any investment decisions.

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