In the rapidly evolving realm of DeFi, decentralized exchanges (DEXs) stand as a cornerstone, enabling seamless transactions in a trustless environment.
At the heart of these exchanges lies the mechanism of order matching, a crucial process that pairs buyers with sellers, facilitating the exchange of assets. Traditionally (on order book-based exchanges), order matching has been centralized, with a single entity overseeing the process to ensure efficiency and accuracy.
However, the advent of blockchain technology has paved the way for decentralized order-matching systems, promising to align DEXs with the ethos of decentralization further.
Centralized and decentralized order batchers…
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