Layer N Nord: app-specific exchange rollup with Rust orderbook VM
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Explains Layer N's Nord rollup for exchanges, with a Rust orderbook VM, RISC Zero proofs, EigenDA and inter-rollup communication. Compares AMMs, staked pools and CLOBs and claims 100,000 TPS.
Key claims
Nord targets 100,000 TPS
Uses EigenDA and signature aggregation to cut cost
Built on Layer N's inter-rollup communication protocol
Recently, @LayerN_Official announced their latest innovation:
Nord.
A fully modular, hyper-scalable rollup optimized for exchange/trading use cases.
This will be a game-changer for DeFi, as it marks the beginning of the era of composable, app-specific execution layers.
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It is an advanced roll-up solution purposefully designed to address the performance and UX challenges present in DeFi .
Nord seeks to elevate the DeFi space closer to the standards of traditional finance by presenting an on-chain exchange experience that rivals centralized exchanges.
It is built on Layer N's framework for app-specific rollups, making it a key component of the interoperable ecosystem of high-performance rollups that is Layer N.
These rollups enhance transactions by relocating them off the main chain, yielding quicker, more economical, and safer applications.
It's their unique capability to support app-specific rollup infrastructure complemented by custom execution environments.
This setup empowers applications to progress unhindered by computational limits.
As for the tangible performance improvements, Nord directly addresses challenges associated with Automated Market Makers (AMMs), Staked Pools, and Central Limit Order Books (CLOBs).
For context, AMMs can sometimes suffer from inactive market-making which can lead to potential losses and slippage for traders
Staked pools, while merging liquidity and trading, suffer from latency and high costs.
CLOBs offer a centralized experience but lack composability with smart contracts.
By integrating with the Layer N network, Nord offers a blend of high performance, specialized computing space, and composability.
Peering under the hood, Nord employs Rust to ensure peak performance, and introduces a Rust VM highly optimzed for orderbook use cases (Orderbook VM).
It also utilizes @RiscZero for efficient proof generation.
To further enhance scalability and cost-effectiveness, Layer N integrates @eigencloud's EigenDA and signature aggregation techniques.
This significantly reduces cost and increases transaction throughput.
For more on data availability and EigenDA, check out the deep dive on DA I wrote for @Castle__Cap! 馃憞
x.com/Castle__Cap/status/1717526579109339596
Moreover, Nord's Inter-Rollup Communication protocol (IRC), ENABLES seamless communication between app-specific rollups, creating the composable ecosystem of rollup applications that is Layer N.
When stacked against alternatives like application-specific L1s, general purpose L2 solutions, and previous app-specific L2s, Nord distinctly stands out.
It boasts attributes like:
馃敼 Superior throughput,
馃敼 Cost-efficiency,
馃敼 Security,
馃敼 Composability,
This results in a high performance execution layer, capable of handling a staggering 100,000 transactions per second (TPS).
This enables Nord to serve its mission is to provide exchange developers with tailored infrastructure, onboard centralized exchange users to DeFi, and foster a composable ecosystem centered around on-chain decentralized liquidity.
For more on @LayerN_Official, check my previous thread on the project here! 馃憞
x.com/zerokn0wledge_/status/1689631858873733123
I hope you've found this thread helpful! 馃
Make sure to follow me @zerokn0wledge_ for alpha on modularity, rollups, zk tech & DeFi!
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