LayerZero and 21X Complete On-Chain Order Book Pilot, Matching 10,000 Orders Per Second

TechFlow reported on November 5 that, according to LayerZero's official announcement, LayerZero and EU-licensed trading and settlement venue 21X have completed an on-chain trading technology pilot, running 21X's central limit order book on a Zero private permissioned instance.

The announcement stated that the pilot focused on tokenized U.S. stocks and lasted about one month, recording 10,000 order matches per second, an improvement of up to 45x over the L2 EVM benchmark used for comparison. Order matching and settlement were completed in a single transaction, with no off-chain matching required.

Source: TechFlow