SushiSwap adds DCA and limit orders by tapping Orbs' technology
Key Takeaways
- Sushi DEX has integrated Orbs' dLIMIT and DCA protocols for advanced trading.
- Users can now set limit orders and implement DCA strategies on the Sushi platform.
Share this article
Decentralized exchange SushiSwap integrated dollar-cost averaging (DCA) and limit orders in its application by tapping Orbs’ dLIMIT and DCA protocols.
The dLIMIT protocol allows traders to place limit orders on-chain, setting specific prices for buying or selling tokens. Users can choose options like +1%, +5%, or +10% above their target price and set expiry dates for their orders.
Additionally, SushiSwap’s interface now includes an order history tab for tracking open and previous orders.
Users can also specify the frequency and number of individual trades for their DCA orders, implementing this popular algorithmic trading strategy.
Orbs is a decentralized layer-3 (L3) blockchain infrastructure that offers advanced tools for on-chain trading, such as aggregated liquidity, advanced trading orders, and on-chain derivatives. The goal is to provide a centralized exchange experience but on on-chain trading.
The integration follows similar deployments on other Ethereum Virtual Machine-deployed decentralized exchanges, including PancakeSwap, QuickSwap, and Thena.
On-chain trading volumes gain ground
The monthly trading volume of decentralized exchanges in August is still $73 billion away from July. Nevertheless, the ratio of trading volumes from centralized and decentralized exchanges reached a peak of 13.9% last month, according to data from The Block.
This means that decentralized trading platforms represented nearly 14% of all the volume registered by their centralized counterparts.
Notably, the ratio for August suffered just a slight reduction so far, falling to 13.55%. This means that, despite the shrinking monthly volume traded on decentralized exchanges, their reduction in size is less severe than that from centralized exchanges.
Share this article
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ChatGPT’s head of product to testify in the DOJ’s antitrust case against Google
Share link:In this post: ChatGPT’s head of product, Nick Turley, has been added as a witness for the United States Department of Justice (DOJ) in its antitrust case against Google. Nick Turley is the latest addition to the witness list that features representatives from Perplexity and Microsoft. Google ramps up preparation for Turley’s testimony by asking for documents related to the hearing from OpenAI through a subpoena.
SEC charges New York blockchain engineer over GME rug pull fraud
Share link:In this post: Eric Zhu settled SEC fraud claims for orchestrating a rug pull scheme involving Game Coin. Zhu allegedly misappropriated $553K by moving unlocked liquidity provider tokens to his control. The case marks one of SEC Chair Gary Gensler’s final enforcement actions.
Analyst Points to the Next Target on the Horizon After the Surge in Bitcoin: “If This Place Is Breached, The Next Stop Could Be 128 Thousand Dollars”
A crypto analyst has spoken about the next target for Bitcoin’s price after its recent rally. Here are the details.
Trending news
MoreCrypto prices
More
