Ethereum

Order

Fuel

Fuel Network

Spark has tapped layer-2 chain Fuel Network technology to introduce a fully on-chain order book for Ethereum. 
According to a press release, Spark has <a href="https://mirror.xyz/sprkfi.eth/mFWsfujdndHeG1O4mDhGZQgjDXc3FGmmc7c91jUaYMo" target="_blank" rel="nofollow">launched</a> its on-chain order book for the Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>) ecosystem to provide fast execution for professional, institutional, and advanced retail traders as decentralized finance experiences a resurgence. 
An order book is a digitized list of buy and sell orders arranged by price levels. This tool allows traders to observe the prices at which other users plan to acquire or offload assets. 
Spark noted that existing order books powered by automated market makers and centralized exchanges have struggled to meet the demands of high-frequency and algorithmic trading. The protocol stated it addressed this issue with its Central Limit Order Book, or CLOB, system. 
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 With full visibility into order depth and liquidity, users are protected from risks like front-running and manipulation, while enjoying the security of self-custody. Unlike centralized exchanges, Spark ensures users have complete control over their assets, making it an ideal platform for traders prioritizing security, transparency, and efficiency. 
 Vitali Dervoed, CEO and co-founder of Spark 
</blockquote> 
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Backing Spark’s co-founder, Fuel Network CEO Nick Sway remarked that the decentralized protocol aims to set a new benchmark for fast-paced blockchain precision and scalability on Ethereum, the largest on-chain smart contract ecosystem in decentralized finance. 
Spark’s CLOB mechanism went live on Fuel’s L2 network following the chain’s mainnet launch on Oct. 16. Spark was one of the first decentralized protocols to deploy its product on the new Ethereum layer-2 scaling solution. 
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 Read more: <a rel="" href="https://crypto.news/detroit-to-accept-crypto-payments-for-taxes-and-city-fees/"> Detroit to accept crypto payments for taxes and city fees </a>

Spark launches on-chain order book for Ethereum

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