Sushi plans to launch Susa, a decentralized derivatives exchange on Layer N, aiming to rival centralized exchanges with fast processing speed.

Decentralized exchange protocol Sushi is launching Susa, a new decentralized derivatives exchange built on Layer N, an Ethereum Layer 2 designed for high throughput and low latency. Susa will initially focus on perpetual futures trading and is explicitly positioned to match centralized exchanges on speed and user experience while remaining non-custodial. Susa is being built using Layer N’s Nord Engine and StateNet architecture, which together are advertised as enabling processing of over 100,000 transactions per second with sub‑millisecond latency, performance metrics typically associated with centralized trading venues rather than on-chain systems. Layer N is structured as a network of custom and optimized rollups sharing a common communication and liquidity layer, allowing applications like Susa to scale while retaining Ethereum security. Susa is expected to be one of the first exchanges to launch as a StateNet node, and after an initial focus on perpetual contracts, Sushi’s team has indicated plans to expand into spot and more “exotic” markets. This launch marks a strategic expansion for Sushi from its core automated market maker (AMM) spot DEX into higher‑volume, derivatives-focused trading that is currently dominated by centralized exchanges and a handful of specialized DeFi protocols. By targeting CEX-level performance in a non‑custodial setting, Susa reflects a broader DeFi trend toward building derivatives infrastructure on advanced Layer 2 scaling solutions, aiming to capture traders who demand speed and deep liquidity but want to retain on-chain transparency and self-custody.

✨ AI-generated background, compiled from web sources — not editorial content.

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