LayerZero and 21X completed a one-month pilot running a central limit order book entirely on-chain, achieving 10,000 order matches per second — approximately 45 times higher than institutional-grade EVM baselines. The test was conducted on a private permissioned instance of the Zero blockchain with no off-chain matching components.
The pilot focused on tokenized US equities, with both matching and settlement executed within the same transaction. 21X operates as a licensed trading and settlement venue under the EU DLT pilot regime. LayerZero previously announced the Zero chain in partnership with Citadel Securities, DTCC, ARK Invest, and Intercontinental Exchange.
LayerZero and 21X Complete On-Chain Order Book Pilot Matching 10,000 Orders per Second
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