Decentralized Finance (DeFi) firm Sushi to Launch Decentralized Derivatives Exchange, Susa
Sushi is preparing for the launch of its decentralized derivatives exchange called Susa. This new platform will be built on Layer N, making it the first rollup node to launch on this layer. Layer N is an Ethereum Layer-2 that aims to bring some aspects of centralization to decentralized platforms and exchanges in order to improve decentralized derivatives trading.
Susa will offer custom applications that are smart contract applications embodying full-fledged rollups. The exchange will utilize Layer N’s Nord Engine, enabling it to process over 100,000 transactions per second with latency periods under 1 millisecond. The goal is to compete with centralized exchanges in terms of performance.
Sushi Embracing Layer N’s Modular Approach
Sushi is excited about its partnership with Layer N and believes that their collaboration will lead to the development of superior products. Sushi sees Layer N’s modular approach to rollups as a perfect fit for the DeFi space. The company aims to leverage the security of Ethereum while unlocking greater capital efficiency and deeper liquidity.
Sushi Enters a New Chapter with Susa Launch
Sushi has experienced significant growth in recent years and the launch of Susa marks a new chapter for the company. Dima Romanov, the CEO and co-founder of Layer N, sees this as an important milestone in Sushi’s journey.
Despite a gradual slip-off in the price of other altcoins, SUSHI has shown a bullish run in response to the news of the upcoming Susa launch. The token has jumped by 1.34% in the past 24 hours and is currently trading at $1.18. This positive momentum may continue as the decentralized exchange is launched, creating new demand for SUSHI.
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