CLOB Wars Line-Up 2.0: 26 onchain orderbook projects mapped
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Updated community-sourced landscape of CLOB venues across L1s and L2s, each with its architecture, from Hyperliquid's HyperCore to Monad, Sui, Aptos, Cosmos and Solana projects.
Key claims
Hyperliquid is the clear CLOB king
Architectures range from fully onchain to hybrid off-chain matching with onchain settlement
CLOB Wars Line-Up 2.0 (part 1/2)
- @HyperliquidX (Onchain CLOB on dedicated L1 (HyperCore) and currently the clear CLOB king)
- @valhalla_defi (fully onchain CLOB DEX built on @megaeth)
- @GTE_XYZ (fully onchain CLOB DEX built on @megaeth)
- @bulletxyz (network extension / optimistic rollup on @solana using ZK fraud proofs, combining off-chain execution with onchain settlement)
- @fuel_network (high-performance FuelVM rollup building in-house CLOB)
- @nitro_dex (fully onchain CLOB DEX built on @risechain)
- @monacotrading (fully onchain CLOB DEX built on @SeiNetwork)
- @hibachi_xyz (verifiable CLOB on @celestia BLOBs powered by @boundlesshq)
- @etherealdex (perp DEX powered by @ethena' $12B+ in liquidity)
- @Lighter_xyz (ZK-powered, app-specfic CLOB DEX rollup on Ethereum)
- @paradex (CairoVM-based high-performance DEX L2 on Ethereum hosting CLOB)
- @KuruExchange (fully onchain CLOB perp DEX on @monad_xyz)
- @perpltrade (fully onchain CLOB perp DEX on @monad_xyz)
- @DeepBookonSui (CLOB liquidity layer on @SuiNetwork)
- @kanalabs (onchain CLOB perp DEX built on @aptos)
- @deriverse_io (fully onchain CLOB DEX built on @solana)
- @avon_xyz (CLOB infra for efficient onchain lending)
- @dexalot (onchain CLOB implemented as @avax subnet)
Check part 2 below! ↓
CLOB Wars Line-Up 2.0 (part 2/2)
- @dYdX (CLOB-based perp DEX implemented as @Cosmos chain)
- @reya_xyz (hybrid DEX L2 on Ethereum moving towards onchain CLOB)
- @vertex_protocol (off-chain CLOB with onchain settlement & custody)
- @DriftProtocol (perp DEX with a hybrid onchain & offchain architecture)
- @Aptos (building a native, infra/framework-level CLOB)
- @N1Chain (multi-language high-performance L1 optimized for DeFi and likely launching with native CLOB infra)
- @XPRESSprotocol (CLOB DEX on @SonicLabs)
- @clobxio (fully onchain CLOB on @movementlabsxyz)
- @Aster_DEX (building orderbook DEX, result of merger between Astherus and APX Finance)
- @CloberDEX (fully on-chain order book infrastructure protocol)
- @OrderlyNetwork (CLOB infra uses a hybrid orderbook model)
- @RujiraNetwork (fully onchain CLOB for spot trading native BTC with fair-matching)
- @derivexyz (onchain CLOB run on the Derive Chain, an Ethereum L2 rollup built with the OP stack)
- @aevoxyz (OP stack-based L2 with offchain CLOB and onchain custody + settlement)
- @bluefinapp (perp DEX on @SuiNetwork)
- @grvt_io (ZK-powered validium and part of @zksync elastic network)
- @SynFuturesDefi (hybrid model built on @base)
- @wcm_inc (onchain orderbook DEX built on @megaeth)
- @MetalXApp (fully onchain CLOB DEX on @XPRNetwork)
Might still be missing one or the other but this should be pretty comprehensive lol.
Once again big thanks to all the chads who contributed to this list!
WTF are CLOBs?
CLOBs explained in 3min by @dabit3
x.com/dabit3/status/1932220938654802172
Prefer to read stuff?
Check the "Idiots Guide to CLOBs vs AMMs" by @ChadHugghins
x.com/ChadHugghins/status/1933220284149936209
Still want more CLOB content?
Check out the piece by @PinkBrains_io below!
x.com/PinkBrains_io/status/1933572605363302847
I made it frens, CLOB god @defi_monk is following me
Just reminded me of this report I should link here too.
x.com/defi_monk/status/1925954133170823665
As well as the CLOBs on BLOBs conversation here.
x.com/defi_monk/status/1932967777964601539
QUOTING @zerokn0wledge_
CLOB War Line-Up: - @HyperliquidX (specifically HyperCore) - @valhalla_defi (built on @megaeth) - @GTE_XYZ (built on @megaeth) - @bulletxyz (Solana network extension) - @fuel_network (building in-house CLOB) - @nitro_dex (built on @risechain) - @monacotrading (built on @SeiNetw
CLOB War Line-Up: - @HyperliquidX (specifically HyperCore) - @valhalla_defi (built on @megaeth) - @GTE_XYZ (built on @megaeth) - @bulletxyz (Solana network extension) - @fuel_network (building in-house CLOB) - @nitro_dex (built on @risechain) - @monacotrading (built on @SeiNetw
