Spark has introduced a groundbreaking on-chain order book for Ethereum, leveraging the Fuel Network’s layer-2 technology to enhance trading performance. This new tool is designed to offer fast execution for professional traders, institutions, and advanced retail participants as decentralized finance (DeFi) continues to gain momentum.
An order book is a digital ledger that lists buy and sell orders at various price points, providing traders with a transparent view of market activity. Spark’s on-chain order book addresses a common challenge faced by existing systems powered by automated market makers (AMMs) and centralized exchanges, which often struggle to meet the needs of high-frequency and algorithmic trading.
To resolve this, Spark has implemented its Central Limit Order Book (CLOB) system, offering full visibility into order depth and liquidity. This approach reduces risks such as front-running and market manipulation, while maintaining the security and transparency of self-custody. Unlike centralized exchanges, Spark ensures that users retain complete control over their assets, a critical feature for those prioritizing security and efficiency.
Vitali Dervoed, CEO and co-founder of Spark, highlighted the importance of this development, while Nick Sway, CEO of Fuel Network and Spark’s co-founder, emphasized the protocol’s aim to set a new standard for blockchain precision and scalability on Ethereum. Spark’s CLOB system went live on Fuel’s layer-2 network after the chain’s mainnet launch on October 16, making it one of the first decentralized protocols to deploy on this Ethereum scaling solution.
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