How Injective’s On-Chain Order Book Works
It's said that "If you didn't document it, it didn't happen" a common phrase but it applies on online trading more than anything. Keeping a transparent, unalterable record, open to all, accessible to all, belonging to all and preserved from day one of trade is utmost necessity of today's digital financial world.
In the world of finance and crypto all trading are documented on "On-Chain Order book" a basic components of Order Book is to list all buy and sell orders for an asset. A trader can view the depth and liquidity of the market whenever he wants with transparency.
Similar in nature but extra ordinary in characteristics comes Injective’s On-Chain Order Book. Injective with its influence is already all over the finance world and its exceptional features on chain order book makes it uniquely different from others. The key feature includes: Transparency, all orders and asset exchanges are on public chain without any manipulation completely decentralized.
There's no middleman it's not owned by anyone or any company. It's even for all the traders and users.
Low gas fees which makes trading low cost and viable.
Traders can directly pay from their crypto wallets no need to make separate accounts.
It's very composable, everything fits and work together just fine it works seamlessly you just have to plug and play to built DeFi apps.
Its user friendly, even a new trader can get a hang of it easily. Traders simply puts an order and fix a price, order will be directly store on blockchain, order matching engine will work fastly to see if any other trader is up for swapping and trade will instantly match and moreover after a trade token will directly move to your wallet without the involvement of any third party.
Injective’s on chain order book is revolutionary with its transparency, no gate keeping, easy DeFi apps building, fast execution and with low fees and instant finality.
