Sushi is gearing up to introduce Susa, a decentralized derivatives platform on Layer N, an Ethereum Layer 2 solution that promises rapid transaction speeds.

Layer N is set to revolutionize the development of applications, including smart contracts and rollups, through its Nord Engine, offering transaction speeds of under one millisecond.

“Sushi is thrilled to collaborate with Layer N,” said Jared Grey, Sushi’s Head Chef, highlighting the partnership’s focus on the decentralized finance (DeFi) ethos and Layer N’s potential for enhanced capital efficiency and deeper liquidity with its modular rollup approach, leveraging Ethereum’s security.

Susa is hailed as Sushi’s most ambitious project to date, positioning itself as the most robust perpetuals exchange in the crypto space.

Layer N, dubbed an “Ethereum StateNet,” acts as a network that fosters shared communication and liquidity among rollup nodes. The network is gearing up for a mainnet launch this month, having demonstrated impressive transaction speeds of up to 20,000 transactions per second (TPS) in tests, peaking at 120,000 TPS.

The project has garnered substantial investment, securing $5 million in seed funding in September 2023, co-led by Founder’s Fund, established by Peter Thiel.

For more insights on the latest developments in the DeFi space and Ethereum ecosystem, stay tuned to Global Crypto News.

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