Ethereum

2024

Layer N

DeFi

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<p class="is-style-lead">Sushi is set to launch Susa, a decentralized derivatives platform on Layer N, an Ethereum Layer 2 solution aiming for high-speed transactions.</p>
<p>Layer N will support the development of applications, from <a href="https://crypto.news/introduction-to-smart-contracts-the-self-executing-contract/" data-type="link" data-id="https://crypto.news/introduction-to-smart-contracts-the-self-executing-contract/" rel="noopener noreferrer nofollow">smart contracts</a> to rollups, through its Nord Engine, promising transaction speeds of under one millisecond.</p>
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   <p lang="en" dir="ltr">1/ Introducing Sushi's most exciting and ambitious project to date, <a href="https://twitter.com/susa_ex?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@susa_ex</a> — the most powerful perpetuals exchange in crypto.<a href="https://t.co/IGMDvhnX3U" target="_blank" rel="noopener noreferrer nofollow">https://t.co/IGMDvhnX3U</a></p>— Sushi.com (@SushiSwap) <a href="https://twitter.com/SushiSwap/status/1757409153331695847?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 13, 2024</a>
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<p>“Sushi is excited to partner with Layer N,” said Jared Grey, Sushi’s Head Chef, emphasizing the partnership’s alignment with the decentralized finance (<a href="https://crypto.news/tag/defi/" data-type="link" data-id="https://crypto.news/tag/defi/" rel="noopener noreferrer nofollow">DeFi</a>) spirit and Layer N’s capability for “greater capital efficiency and deeper liquidity” thanks to its modular rollup approach, leveraging <a href="https://crypto.news/vitalik-buterins-new-proposal-would-cut-ethereums-security/" data-type="link" data-id="https://crypto.news/vitalik-buterins-new-proposal-would-cut-ethereums-security/" rel="noopener noreferrer nofollow">Ethereum’s security</a>.</p>
<p>You might also like: <a href="https://crypto.news/secs-new-rules-on-dealers-could-rope-in-defi-liquidity-providers/" rel="noopener noreferrer nofollow"> SEC’s new rules on dealers could rope in defi liquidity providers </a></p>
<p>Layer N, described as an “Ethereum StateNet,” is a network facilitating shared communication and liquidity among rollup nodes. It is preparing for a mainnet launch this month, having achieved 20,000 transactions per second (TPS) in tests, with a peak of 120,000 TPS.</p>
<p>The project has attracted significant investment, including $5 million in seed funding in September 2023, co-led by Founder’s Fund, established by Peter Thiel.</p>
<p>Read more: <a href="https://crypto.news/defi-tvl-leader-board-liquidity-staking-platforms-lead-the-surge-in-ethereum/" rel="noopener noreferrer nofollow"> DeFi TVL Leader-board: liquidity staking platforms lead the surge in Ethereum </a></p>

Sushi to launch Susa — a decentralized derivatives platform on Layer N

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