Decentralized alternate (DEX) platform Sushi plans to birth a brand fresh perpetuals crypto alternate called Susa on a brand fresh Ethereum Layer 2 network Layer N that is expected to cross reside later this month.

The Sushi crew launched Susa in a Feb. 13 weblog put up, with hopes that the fresh platform will push the boundaries across four fundamental vectors: scale and aspects, a permissionless vertical ecosystem, capital effectivity and a fully on-chain describe book settlement.

Susa builders will be ready to fabricate customized applications on top of the alternate, ranging from easy spruce contract applications to fully constructed-out rollups which is able to tap into the platform’s liquidity and customers.

Layer N is a brand fresh Layer 2 network that is designed as a network of customized and optimized rollups, which the crew is calling “Ethereum’s StateNet.” The network is constructed on a shared communication layer that lets in rollup nodes to seamlessly be in contact and work alongside side every varied.

The network uses EigenDA to store batched transaction records as portion of being a rollup, making it cheaper than storing it straight away on the Ethereum mainnet.

“Factor in if centralized exchanges we are all acquainted with could per chance per chance additionally allow builders to fabricate applications straight away on top of them. That’s what we are enabling,” acknowledged Layer N CEO Dima Romanov, when the network hit 100,000 transactions per 2nd on a closed testnet last month.

The Layer N crew raised a $5 million spherical of seed funding in September, co-led by dao5 and Peter Thiel’s Founders Fund.

Susa will employ Layer N’s Nord Engine to enable these faster transaction times that can ideally be on par with centralized exchanges in efficiency.

“Via tech, product improvements, and deep integrations with Sushi, Susa will be a game-changer for DEXs,” acknowledged the Susa crew.