The decentralized exchange team SushiSwap has announced the launch of a new platform for derivatives trading called Susa. Operating on the Layer N second-layer solution, this platform promises to process over 100,000 transactions per second with less than 1 ms latency, placing it on par with centralized exchanges in terms of speed and performance.

Susa utilizes the innovative Nord Engine stack from Layer N, enabling the creation of non-custodial applications, including smart contracts and complex rollups, based on the StateNet ecosystem architecture. This solution offers high capital efficiency and liquidity while maintaining Ethereum-level security, making it ideal for developing modular networks in the DeFi sector.

At launch, Susa will offer perpetual contracts, with plans to expand to spot and exotic markets in the future. This positions Susa as one of the first exchanges launched as a StateNet node, emphasizing its innovative approach to decentralized trading.

Layer N, the foundation of Susa, is a network of customizable and optimized rollups aimed at scaling decentralized financial applications. The project has already attracted attention from venture investors, closing a $5 million seed funding round led by Peter Thiel's Founders Fund.

This announcement underscores SushiSwap's commitment to innovation and expanding its influence in the DeFi space, starting with integration on the first-layer blockchain Aptos in September 2023.