The company Spark has launched an on-chain order book on Ethereum using second-layer technology Fuel Network. It is designed for the rapid trading of professional traders and addresses the issues of existing order books that struggle with high-frequency trading.
The Central Limit Order Book (CLOB) system provides users access to order depth and liquidity, protecting against manipulation and front-running. Spark's CLOB was launched on the Fuel network on October 16, becoming one of the first decentralized protocols on the new Ethereum solution.