CLOBs are the most important new DeFi innovation since Uniswap.
Do not fade.
@luigidemeo Ya I meant they work now*
Central limit orderbooks have been around in TradFi / NASDAQ etc for a long time & even in DeFi with perps DEXs. Of course now Hyperliquid is the biggest one.
When I say ‘new’ I’m referring to the ability for onchain infra to support these things at scale to even come *close* to rivaling CEXs/tradfi.
The infra is finally here and we have our first CLOB (Hyperliquid) that is competing with CEXs & we will see many more pop up in the coming months as apps on MegaETH, Monad, and Celestia as well as many alt-L1s.
CLOBs on a shared L1 with necessary redundancy to achieve consensus likely won’t be as performant as those on a specialized chain, typically w single colocated sequencer.
The counterargument there is lack of censorship resistance, which is a valid point.
TLDR;
CLOBs have been around in TradFi & DeFi, but the level of scale & throughput available now is a massive breakthrough which will have major positive consequences for our space.
Onchain price discovery is one of the last remaining items to achieve unfuckwithable DeFi adoption.
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