Sushi Revolutionizes Derivatives Trading with New Decentralized Exchange on Layer N

12:37 pm
February 16, 2024
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Sushi has launched Susa, a trailblazing perpetuals exchange built on Layer N, an Ethereum scaling solution. The multi-chain DEX platform is confident that Susa will redefine the derivatives exchange space, providing high-speed transactions, deeper liquidity, and enhanced on-chain capital efficiency.

Susa: The New Perpetuals Exchange

Susa is being hailed as a natural progression for SushiSwap, with the aim to transform the DEX into a DeFi super ecosystem. The platform targets 100,000 Transactions Per Second (TPS) with less than 1 millisecond of latency. SushiSwap also intends to rival centralized exchanges by harnessing Layer N’s Nord Engine, providing a CeFi experience in the DeFi perpetual trading market.

The Head Chef of Sushi, Jared Grey, expressed his excitement about the launch of the perpetual DEX. He believes that this move, aligned with their multi-chain exploration strategy for growth, will introduce innovation to the largely untapped market of perpetual trading. SUSHI, the governance token on Sushi, was trading at $1.21 on the day the news was announced.

Frequently Asked Questions

What is Susa?

Susa is a new perpetuals exchange introduced by Sushi on the Layer N, an Ethereum scaling solution. It is designed to provide high-speed transactions, deeper liquidity, and enhanced on-chain capital efficiency in the derivatives exchange space.

What sets Susa apart from other exchanges?

Susa aims to rival centralized exchanges by delivering a CeFi experience in the decentralized finance (DeFi) perpetual trading market. It targets 100,000 Transactions Per Second (TPS) with less than 1 millisecond of latency, which is a remarkable feat in the industry.

What was the reaction to the launch of Susa?

There was a muted reaction to the news of Susa’s launch, largely overshadowed by Bitcoin’s spike above $51k. SUSHI, the governance token on Sushi, was trading at $1.21 on the day of the announcement.


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