Linea Enhances Trading Experience with New Products
Linea, the Consensys zkEVM, has integrated two new products, dLIMIT and dTWAP, into its platform. Lynex, a leading DEX on Linea, has added these features courtesy of Orbs, allowing traders to access advanced order types more commonly associated with centralized exchanges (CEX). The integration of dLIMIT and dTWAP enhances the trading experience for onchain traders.
dLIMIT and dTWAP: Accessing Advanced Order Types
dLIMIT and dTWAP have already been integrated by decentralized exchanges across different networks. Developed by Orbs and powered by the Orbs network, dLIMIT enables traders to set buy orders for a specific price, a feature not usually offered by most DEXes. Lynex now offers dLIMIT and dTWAP at no extra cost, seamlessly integrating these services into its existing lineup.
The Advantages of dLIMIT and dTWAP
dLIMIT and dTWAP provide traders with access to advanced order types without custodial risk. These features allow large orders to be broken down into smaller trades, reducing price impact when trading onchain. dLIMIT and dTWAP also ease the pressure on liquidity pools after large swaps and ensure traders receive better rates. This level of precision is typically associated with centralized exchanges but is now available to DEX users on Linea.
Success of Lynex on Linea
Lynex has had a strong performance on Linea, recording over $9M in trading volume in November. Despite Linea having a TVL of just $60M, new users continue to bridge funds to the platform. Lynex now presents four tabs within its AMM, including LIMIT and TWAP, offering traders a seamless experience. By connecting a funded web wallet and setting desired order settings, traders on Lynex can benefit from the integration of dTWAP to optimize their trades.
Orbs’ Expansion in the DeFi Space
Orbs’ dLIMIT and dTWAP products have gained traction in the DeFi market, with close to 10 DEXes already integrating them. The EVM compatibility of these products allows for easy integration into any chain within the Ethereum ecosystem. The open nature of DeFi protocols facilitates the rapid movement of innovation across different networks, benefitting both users and the industry as a whole.
Hot Take: Advancing Decentralized Trading on Linea
The integration of dLIMIT and dTWAP on Linea marks a significant step forward for decentralized trading. By providing access to advanced order types and reducing custodial risk, Linea offers a more sophisticated trading experience for onchain traders. With Lynex’s success and the growing demand for Orbs’ products, the integration is bound to attract more users to the Linea platform. As DeFi continues to evolve, innovations like dLIMIT and dTWAP demonstrate the industry’s commitment to delivering powerful trading tools and options to its users.
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