This is an evolution of Defi! Building a fully on-chain CLOB has been a dream. It's never been possible. Until now. Fuel Network makes it possible thanks to Sway language, Fuel VM, parallel tx execution, account abstraction, and tons of other features. You cannot build it on the EVM. You cannot build it on any other blockchain that isn't Ethereum. You need all three: security, speed, and scalability. Fuel is our latest and most advanced attempt to make it.
This is the first ever on-chain order book built on Fuel Network. It runs transactions in parallel with finality on Ethereum. It's one of the first Defi projects on Fuel Network, too. It uses a lot of features that were not possible on the EVM chain before. Also, it's the first project in the Ethereum ecosystem build on a language that isn't Solidity. There are a lot of innovations applied here. Taking into account that Fuel is a very young tech, it's an emerging ecosystem, and there are some limitations. Still, we could run an on-chain CLOB. What can you do with it? You can implement it in ANY Dex that will be building on Fuel. You can build an entire Defi ecosystem. We're also going to update the product in the future to make it more advanced.
Check the GitHub repos :) Contracts written here are crisp. They're a piece of art. They're here btw: https://github.com/sway-gang/sway-network The goal was to build an MVP of a b2b product that everyone building Defi on Fuel can use. A CLOB + Matching engine that will allow running any DEX on.
Sway Network is a central limit order book built on Fuel Network. It operates using an order book model, allowing users to trade various assets securely and transparently, enabling peer-to-peer trading with high throughput and low fees.
Provide a decentralized, transparent, and secure platform for users to trade cryptocurrencies with low fees
Increase the adoption of blockchain technology and cryptocurrencies by providing a user-friendly and efficient platform for trading
Foster a global community of crypto traders and enthusiasts, and encourage collaboration and knowledge sharing among members
Continuously improve and develop the platform based on user feedback and market trends, ensuring its competitiveness and relevance in the fast-evolving crypto space
We bring well-known technology to the fast-growing Fuel ecosystem
Evolve as an infrastructure for Defi
Build a fully on-chain order book that you can plug your DEX into and run orders
Eventually, it's going to be a liquidity hub for Defi on Fuel Network
App: https://app.swaynetwork.xyz/
Twitter: https://twitter.com/swaygangsters
Discord: https://discord.gg/KkkBnj5JHg