# CLOB Related Articles

HTX News Center provides the latest articles and in-depth analysis on "CLOB", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

KalqiX Just Made Self-Custody a Mass Market Feature for Mainstream & Traditional Traders

For years, self-custody in Web3 has been hampered by trade-offs, forcing users to choose between security/convenience and performance. KalqiX aims to change this with its new Central Limit Orderbook (CLOB) DEX. It combines CEX-level speed and execution quality with true self-custody. The key innovation is processing and matching orders off-chain for performance, while using on-chain zero-knowledge proofs for secure, trustless settlement. This eliminates the need for users to surrender asset control, protecting them from custodial risks like those seen in the FTX collapse. KalqiX's launch represents a potential breakthrough, offering a long-missing solution that could make self-custody a viable, mainstream standard for all traders.

TheNewsCrypto05/20 18:21

KalqiX Just Made Self-Custody a Mass Market Feature for Mainstream & Traditional Traders

TheNewsCrypto05/20 18:21

Stuck Polymarket: The Real Test After Riding the Traffic Boom Has Arrived

Polymarket, a leading prediction market platform, is facing significant technical challenges as its growth outpaces its current infrastructure on Polygon. Users are experiencing laggy transactions, unresponsive orders, and delayed confirmations, severely impacting the trading experience. In response, DeFi Engineering VP Josh Stevens outlined a comprehensive engineering overhaul. The plan includes reducing on-chain data delays, fixing order cancellation issues, rebuilding the central limit order book (CLOB), improving website performance, and developing a unified SDK and API. A major revelation was the ongoing "chain migration," indicating a potential move away from Polygon. The core issue is that Polymarket has evolved from a simple prediction market into a high-frequency trading platform, making Polygon's limitations—such as block space, gas fees, and block time—a ceiling for further growth. The migration is not just a simple chain switch but a fundamental rebuild of its trading system to support more complex products like perpetual contracts (Perps). This announcement has sparked competition among chains like Solana, Sui, and Algorand, all vying to host Polymarket. For Polygon, losing this key application, which contributes significantly to its gas fee revenue, would be a major setback. The real test for Polymarket is no longer attracting users but proving it can provide a stable, reliable trading environment that retains them.

Odaily星球日报04/27 03:19

Stuck Polymarket: The Real Test After Riding the Traffic Boom Has Arrived

Odaily星球日报04/27 03:19

Why Does the Automated Market Maker (AMM) Mechanism Fail in the Prediction Market Field?

The article explores why Automated Market Makers (AMMs), particularly the x*y=k model popularized by Uniswap, fail in prediction markets despite their success in decentralized finance (DeFi). AMMs excel in DeFi by enabling permissionless liquidity provision and continuous trading for tokens that fluctuate indefinitely. However, prediction markets involve binary outcomes where assets settle to either $1 or $0 at expiration. This structural difference causes inherent flaws: liquidity providers (LPs) inevitably suffer losses as pools automatically rebalance toward the losing side upon settlement—making "impermanent loss" permanent. Additionally, AMMs distort price discovery for probability-based markets due to slippage and low liquidity. Early prediction platforms like Polymarket and Augur experimented with AMMs but abandoned them for Central Limit Order Books (CLOBs), which better handle precise probabilistic pricing and binary settlements. The article concludes that while AMMs revolutionized token swaps, their mechanics are mismatched for prediction markets, requiring alternative infrastructure that accommodates binary outcomes and mandatory settlement.

marsbit04/14 13:18

Why Does the Automated Market Maker (AMM) Mechanism Fail in the Prediction Market Field?

marsbit04/14 13:18

Polymarket rolls out new trading stack and stablecoin

Polymarket is upgrading its core exchange infrastructure and introducing a new platform-native stablecoin called Polymarket USD, backed 1:1 by USDC. The update includes a redesigned central limit order book (CLOB v2) with improved trade execution, simplified order structures, and better developer integration. Users will experience an automatic transition to the new stablecoin, though advanced traders must manually wrap existing USDC. This shift aims to enhance scalability and trading efficiency, coinciding with improved U.S. regulatory clarity for prediction markets under federal oversight.

ambcrypto04/06 16:48

Polymarket rolls out new trading stack and stablecoin

ambcrypto04/06 16:48

TxFlow L1 Mainnet Launches, Enabling Multi-application On-chain Finance

TxFlow has launched its Layer 1 blockchain, TxFlow L1, initiating a multi-application on-chain finance ecosystem based on TIP Liquidity Standards. The network achieves over 250,000 TPS through DAG-based parallel execution and a multi-threaded pipeline. The first application, TxFlow DEX—a fully on-chain central limit order book DEX for perpetual trading—is now live with invitation-only access. It supports 13 perpetual markets and processes transactions with one-block finality. The TIP standards enable developers to build interoperable trading applications called "Channels," with modules for spot, derivatives, and prediction markets. The ecosystem is designed to be AI-native and community-governed.

TheNewsCrypto03/28 09:24

TxFlow L1 Mainnet Launches, Enabling Multi-application On-chain Finance

TheNewsCrypto03/28 09:24

KalqiX and the Future of DeFi: Sameep Singhania on Building the Next-Gen Web3 Ecosystem

In this interview, Sameep Singhania, founder of QuickSwap and KalqiX, discusses the future of DeFi and Web3. He argues that despite current sentiment, crypto continues to grow in adoption and real-world relevance. KalqiX aims to bridge Web2 and Web3 by offering a seamless, trustless trading experience with a user-friendly interface comparable to traditional platforms like Robinhood. Singhania emphasizes that DeFi isn’t meant to replace traditional finance but to evolve it by introducing transparency, programmability, and global access. KalqiX leverages zero-knowledge proofs for privacy and security, and uses a Central Limit Order Book (CLOB) model for better price discovery and capital efficiency—overcoming typical AMM limitations like slippage. The platform is designed to be white-label ready, allowing others to launch their own exchanges while KalqiX provides liquidity and zk-based infrastructure. It also mitigates MEV risks by shielding trading data in a zk-layer. If successful, KalqiX could help make DeFi more accessible to non-crypto users and institutions, shifting the ecosystem from speculation to utility, with faster execution, lower costs, and greater privacy.

TheNewsCrypto03/24 16:57

KalqiX and the Future of DeFi: Sameep Singhania on Building the Next-Gen Web3 Ecosystem

TheNewsCrypto03/24 16:57

Polymarket New Rules Released: How to Build a New Trading Bot

Polymarket has removed the 500ms taker delay and introduced dynamic taker fees, rendering many existing trading bots obsolete. The new meta shifts advantage from taker arbitrage to market making. A profitable bot in 2026 must be a maker bot, leveraging zero fees and USDC rebates. Key requirements include using WebSocket (not REST), fee-aware order signing with the `feeRateBps` field, and a sub-100ms cancel/replace loop to avoid adverse selection. The architecture involves connecting to the CLOB, querying fee rates per market, and placing maker orders on both YES/NO sides. For 5-minute BTC markets, a deterministic strategy involves placing maker orders at $0.90–0.95 with 10 seconds remaining, capitalizing on ~85% directional certainty. Critical mistakes to avoid are using REST, omitting feeRateBps, high-latency infrastructure, and outdated taker strategies. AI can assist in implementation, but must be guided by the new technical constraints.

marsbit02/25 09:38

Polymarket New Rules Released: How to Build a New Trading Bot

marsbit02/25 09:38

Seed Round Funding of $8 Million: How Does Bulk Trade Dare to Charge into the Red Ocean of Perp DEX?

Bulk Trade, a Perp DEX built on Solana, has raised $8 million in a seed round led by 6th Man Ventures and Robot Ventures, with participation from Wintermute, Chapter One, and angel investors including Solana co-founder Anatoly Yakovenko. The platform differentiates itself by customizing Solana’s validator client architecture to achieve high-speed, CEX-like matching performance while maintaining decentralized settlement. Its core innovation, Bulk-Agave, is a fork of Jito-agave with a dedicated plugin called Bulk Tile that handles order matching and liquidation logic efficiently. Orders are split into fragments and propagated via UDP to minimize latency and packet loss. Matching occurs every 20 milliseconds in structured “ticks” to ensure fairness and prevent front-running. The system also includes self-trade prevention and supports USDC margined perpetual contracts with a central limit order book. Bulk claims advantages in speed (20ms updates vs. 400ms on typical Solana DEXs), real liquidity (orders remain until cancelled), and cost efficiency (no gas fees for orders, batch processing). It emphasizes self-custody, avoiding cross-chain or sequencer risks. Currently in private testnet, Bulk Trade aims to combine near-CEX performance with decentralized security, positioning itself as a high-performance contender in the competitive Perp DEX landscape.

marsbit01/28 09:40

Seed Round Funding of $8 Million: How Does Bulk Trade Dare to Charge into the Red Ocean of Perp DEX?

marsbit01/28 09:40

Delphi Digital: Solana to Usher in the Most Radical Technical Upgrade Cycle in Its History

Delphi Digital's report, "2026 is the Year of Solana," outlines an aggressive technical upgrade cycle aimed at transforming Solana into a decentralized, Nasdaq-like environment for high-performance on-chain trading. Key upgrades include: - **Alpenglow**: A consensus overhaul introducing Votor and Rotor, reducing finality to 100-150ms and improving resilience with a "20+20" fault tolerance model. - **Firedancer**: A new independent validator client in C++ to enhance performance and client diversity. - **DoubleZero**: A private fiber-optic network overlay to minimize latency between validators, enabling faster consensus. - **BAM & Harmonic**: Market-based systems for fair, private transaction ordering and block building. - **Raiku**: A deterministic execution layer for applications requiring guaranteed, low-latency performance, like HFT. These upgrades aim to make Solana's native on-chain order books competitive with centralized exchanges in latency, liquidity, and fairness, positioning it as the leading L1 for capital markets.

链捕手01/21 15:53

Delphi Digital: Solana to Usher in the Most Radical Technical Upgrade Cycle in Its History

链捕手01/21 15:53

Airdrop of $675 Million Sparks Distribution Controversy, Lighter Faces User Retention Post-Token Launch

Lighter, a zk-rollup-based perpetual DEX, airdropped $675 million worth of LIT tokens to early users on December 30, sparking mixed reactions. While the airdrop was generous—25% of total supply with no lock-up—some users felt rewards were only on par with fees paid. Tokenomics drew criticism, with 50% allocated to the team and investors (3-year linear unlock), raising concerns over community dilution and sell pressure. Founded by ex-Citadel quant Vladimir Novakovski, Lighter raised $68 million at a $1.5 billion valuation, backed by investors like Founders Fund and Robinhood. Its tech stack features a high-performance CLOB model with custom ZK circuits, enabling 15,000+ TPS, sub-10ms latency, and verifiable trustlessness. Key innovations include zero trading fees for retail users, universal cross-margin support using L1 yield-bearing assets as collateral, and isolated risk pools. However, Lighter faces challenges: an unusually high OI/volume ratio (~0.2) suggests wash trading, and system outages have raised stability concerns. Post-airdrop, retaining organic users and sustaining revenue—currently ~$200k daily—will be critical as it competes in the crowded Perp DEX space.

marsbit12/31 10:11

Airdrop of $675 Million Sparks Distribution Controversy, Lighter Faces User Retention Post-Token Launch