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.