SushiSwap Head Jared Grey Says Plans for 2025 Include Launching New DEX on Solana (SOL)

Sushi Labs managing director Jared Grey is outlining what’s next for the multichain decentralized exchange (DEX) SushiSwap ( SUSHI ).

Grey notes on the social media platform X that the Sushi decentralized autonomous organization (DAO) passed a comprehensive governance overhaul in April that will use a “multi-token ecosystem mandate to launch new Sushi products.”

“Here is a list of the products we plan to release in 2025:

• Wara (wara.exchange) – A new comprehensive trading experience on Solana.
• Susa (susa.exchange) – Sushi’s new on-chain order book perps DEX.
• Kubo (kubo.bid) – Sushi Labs’ new perps primitive to bootstrap new markets via delta-neutral strategies.
• Blade (part of SushiSwap) – our new LVR AMM  (loss-versus-rebalancing automated market maker) solution that eliminates MEV (maximal extractable value) for blue-chip assets.
• SushiSwap Aggregator – This one is already in production, but we will scale its distribution by integrating new partners.”

Grey notes the new perpetual DEX Susa will launch on the layer-1 N1 chain , which he calls “the most performant network for on-chain order books.”

SUSHI is trading at $2.34 at time of writing. The 242nd-ranked crypto asset by market cap is down more than 2% in the past 24 hours but up more than 68% in the past week and more than 207% in the past month.

Despite its recent gains, the asset remains about 90% down from its all-time high of $23.38, which it set in March 2021.

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