Two flagship trading protocols of Orbs, dLIMIT and dTWAP, have been integrated by the decentralized exchange SwapX on Sonic blockchain. This advancement provides users with enhanced order execution functionality usually featured in centralized exchanges, while still benefiting from decentralized finance (DeFi).
dLIMIT protocol provides users with the ability to place limit orders to buy or sell tokens at specified prices. This feature facilitates strategic trading, where orders can be executed only if certain conditions regarding market conditions are reached. The other side, dTWAP, comes up with a time-based execution mode by which large orders are divided into smaller pieces and executed during breaks. The purpose of such a strategy is to reduce price slippage and minimize the impact on liquidity pools.
Enhanced Functionality Through Orbs Integration
Orbs Layer 3 infrastructure allows for powering advanced trading logic, next to smart contracts in blockchain networks. Additionally, by combining dLIMIT and dTWAP, SwapX further augments its trading platform with a support set of tools intended for more complex strategies for users to have greater control over the execution.
Currently, it is in use across a range of decentralized exchanges and blockchain ecosystems. SwapX has adopted the use of them aligning the platform with the trend of high efficiency algorithmic trading in decentralised environments. Although Orbs’ Liquidity had been integrated by SwapX to improve its access to onchain liquidity from third party providers, Orbs was brought back for the L2 as well to ensure utilizing these improved liquidity sources. These new capabilities complement already existing capabilities by providing trade execution targeting.
SwapX Strengthens Position in Sonic Ecosystem
SwapX as a leading DEX on Sonic is providing concentrated liquidity and more efficient trading. Following the integration of Orbs’ protocols, SwapX keeps expanding its offering, enhancing trading precision and making use of Sonic architecture. This is supposed to advantage liquidity providers and brokers by enhancing capital productivity and execution quality. The inclusion of dLIMIT and dTWAP represents a great leap forward in improving the utility of SwapX to professional and retail traders.
