Definition
Order-book DEXes (Hyperliquid, dYdX, Vertex, Drift) match makers and takers via a CLOB instead of an AMM. Generally more capital efficient and lower-slippage on size.
Order-book DEX
Decentralized exchange that uses a central limit order book.
Frequently asked questions
What is Order-book DEX?
Order-book DEXes (Hyperliquid, dYdX, Vertex, Drift) match makers and takers via a CLOB instead of an AMM. Generally more capital efficient and lower-slippage on size.