The move forward to a DLOB-based design is the next big step for Decentralizing Exchanges.
📖 Understanding CLOBs Before Diving into DLOBs
To appreciate the value of DLOBs, we first need to unpack CLOBs. CLOBs (Centralized Limit Order Books) have a centralized Matching Engine; matching occurs on a centralized server.
🌐 Partial Decentralization vs. Full Decentralization
While some CLOBs offer a taste of decentralization, the true essence of a decentralized exchange lies in achieving Decentralized Matching. This is where the future of DEX is headed.
🛡️ Why DLOBs Are Crucial?
A DEX is only as decentralized as its matching engine. A Decentralized Matching Engine is truly trust-less.
🔧 The Rise of App-Chain Infrastructure
Now, there's a revolutionary moment unfolding in DEX history. Thanks to the emergence of app-chain infrastructure, we're at the cusp of achieving Decentralized Matching.
💡 Power of App-Specific Chains
Crafting an app-specific chain means you can fine-tune your chain right at the vm-level. Such customizations empower validators to execute app-centric tasks.
🌌 Hubble Exchange's Vision
Hubble Exchange is harnessing this capability to create a chain meticulously designed for Decentralizing the Limit Order Book.
Our Layer 1's Validators are responsible for Matching Orders.
🚀 The DLOB Revolution
Transitioning to a DLOB is a leap towards truly trust-less trading: the next frontier of Decentralized Exchanges.
Learn more: How does Hubble Exchange's Decentralized Matching Engine Works?
