An On-Chain Orderbook is a record of buy and sell orders for digital assets that is entirely stored and managed on a blockchain. Every order submission, modification, or cancellation is a transaction recorded on the distributed ledger. This design offers transparency and censorship resistance, unlike centralized off-chain orderbooks.
Context
Crypto news often highlights On-Chain Orderbooks in discussions about decentralized exchanges (DEXs) and their efforts to provide transparent and verifiable trading environments. Reports compare their operational efficiency and liquidity against centralized exchanges, noting the trade-offs in transaction speed and gas fees. The ongoing development aims to balance decentralization benefits with performance requirements for active trading, seeking to optimize user experience within a trustless framework.
The HIP-3 upgrade decentralizes market creation on the custom Layer 1, leveraging a high-speed oracle to onboard a new universe of tokenized assets and liquidity.
The new MarketCore orderbook infrastructure on RISE L2 unifies fragmented liquidity and unlocks CEX-grade execution, fundamentally re-architecting the decentralized derivatives market.
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