Tag
Order Books
5 articles
Trading Mechanics
The Order Book Is Lying to You (Here's How to Read It Anyway)
Most traders stare at an order book like it's a stock ticker. Green numbers good, red numbers bad, big walls scary. Then they wonder why they keep getting wicked out of positions and front-run on entries.
Igniz
DeFi & Liquidity
The Rise of On-Chain Order Books
For most of crypto's short history, decentralized trading had a dirty secret.
Igniz
DeFi & Liquidity
AMMs vs Order Books: The Debate Everyone Gets Wrong
Here is the framing you will find in almost every explainer on this topic: AMMs are simple but inefficient, order books are complex but precise. Pick your poison.
Igniz
Trading Mechanics
The "Market vs Limit Order" Frame Is a CEX Concept — And It's Getting DEX Traders Rekt
On March 12, 2025, a trader swapped 732,583 USDC and walked away with 18,636 USDT. Not a rug. Not a hack. A market order with 100% slippage tolerance broadcast openly to the public mempool and sandwiched six separate times.
Igniz