Unpopular opinion: The two biggest bottlenecks for our industry are throughout and UX.

“bro, what’s a CLOB?” imagine a farmers market with a big whiteboard in the middle on this whiteboard, every farmer who wants to buy or sell apples can write their offer bob writes “i’m selling 10 apples for $1 each” jack writes “i’m buying 10 apples for $1 each” since both offers match, the trade between bob and jack happens everyone can see all the buy and sell offers on the board this whiteboard is the CLOB. it holds all the orders and makes sure trades happen fairly: best prices go first now replace apples with any token you want, and that’s it “bro how is this different from coinbase?” coinbase and other centralized exchanges also use CLOBs the thing is: their CLOBs run offchain, which means they aren’t decentralized you have to trust coinbase to match orders fairly “so why is everyone talking about CLOBs?” because the goal is to build a CLOB that works onchain before, this was hard (impossible) because of two main problems: - latency: orders need to be placed super fast - gas cost: placing an order shouldn’t cost a ton of money but with new chains like monad, fluent or megaeth, it’s starting to look feasible “how is this different from uniswap?” uniswap (and other AMMs) work differently they use liquidity pools of tokens and a formula to make sure trades happen between a range of prices with CLOBs, it’s traders who place their own orders. no algorithm in the middle 🫶

🔥 The "CLOB Wars" are heating up in crypto. 🔥 Central Limit Order Book (CLOB) decentralized exchanges are battling for dominance - chasing the current king @HyperliquidX. Here's what's happening and why it matters (also our contenders for the potential 'kingslayer'):👇

Almost there. CLOBs are very hard to do onchain, well, and at scale. Still need to add PnL, leaderboards, stats, then we should be good for private beta testing. Spot first. Then perps. Then options. We will be able to hit our tps targets now thanks to @eigen_da .