SwapX Enhances Trading With Orbs' dLIMIT, dTWAP Protocols

Leading decentralized exchange SwapX has integrated Orbs’ dLIMIT and dTWAP protocols, enhancing its capabilities for traders on the sonic network. This integration allows users to place sophisticated orders similar to those found on centralized exchanges, providing greater control and precision in their trading activities.

SwapX has improved its decentralized exchange by incorporating Orbs’ advanced trading protocols, enabling traders to use complex order types within a user-friendly interface. The integration of dLIMIT and dTWAP allows users to split trades into multiple smaller orders, mimicking the precision and control typically found in centralized exchange environments.

With dLIMIT, SwapX users can set limit orders to buy or sell tokens at predefined price levels, ensuring better pricing by entering trades at optimal rates. Additionally, Orbs’ dTWAP (Time-Weighted Average Price) protocol, inspired by established centralized exchange trading strategies, has been incorporated to further enhance the trading experience. dTWAP allows traders to gradually accumulate significant positions in assets without suffering from slippage or the volatility of liquidity pools. Instead of executing a single large trade, dTWAP divides the order into smaller chunks, executed over a set period, to secure an optimal average entry price and minimize the risk of buying at the top.

dLIMIT and dTWAP have become benchmarks for algorithmic trading in the decentralized finance (DeFi) sector. Combined with Orbs’ Liquidity Hub for pooled liquidity and Perpetual Hub for onchain decentralized perpetual futures, these protocols are now utilized by 15 leading decentralized exchanges across nine blockchain networks. SwapX already relies on Liquidity Hub to enhance its onchain liquidity, sourcing it from Orbs’ network of third-party providers. The addition of dTWAP and dLIMIT complements this, allowing SwapX to leverage Orbs’ core products to deliver a unified trading experience for Sonic users.

Orbs is a decentralized Layer-3 (L3) blockchain designed specifically for advanced onchain trading. Utilizing a Proof-of-Stake consensus, Orbs acts as a supplementary execution layer, facilitating complex logic and scripts beyond the native functionalities of smart contracts. Orbs-powered protocols such as dLIMIT, dTWAP, Liquidity Hub, and Perpetual Hub push the boundaries of DeFi and smart contract technology, introducing centralized finance (CeFi)-level execution to onchain trading.

SwapX is a decentralized exchange that aims to become the leading platform for native concentrated liquidity on Sonic. It provides an optimal liquidity management experience for liquidity providers (LPs), while traders can enjoy superior UI/UX and competitive pricing. Through its focus on user experience and liquidity optimization, SwapX takes full advantage of Sonic’s architecture to deliver seamless DEX trading.

Ask Aime: What's the impact of SwapX integrating Orbs' dLIMIT and dTWAP protocols?