Spark has launched a new fully on-chain order book system on Ethereum using the Fuel Network technology. This solution aims to enhance order execution and provide transparency to traders.
New Order Book System by Spark
Spark announced the launch of its on-chain order book (CLOB) for the Ethereum ecosystem, aiming to meet the needs of high-frequency and algorithmic trading. This system was made possible through integration with the layer-two Fuel Network.
Advantages of Spark's CLOB
The main feature of Spark’s new system is the high transparency of orders and liquidity, which helps prevent manipulation and front-running attacks. Traders gain full control over their assets thanks to Spark’s unique approach. CEO Vitali Dervoed emphasized that the system offers enhanced protection and transparency, standing out from centralized exchanges.
Market Reaction and System Launch
With the launch of the CLOB mechanism on Fuel’s L2 network on October 16, Spark became one of the first decentralized protocols to use the new Ethereum scaling solution. Fuel Network CEO Nick Sway noted that the protocol sets a new standard for precision and scalability on Ethereum, the largest smart contract ecosystem.
With the new order book system, Spark aims to enhance standards of security and efficiency in decentralized trading on Ethereum. The company demonstrates significant achievements in accelerating and scaling trading operations in the DeFi world.
