LayerZero and 21X complete on-chain order book pilot, matching 10,000 transactions per second
Original headlineLayerZero 与 21X 完成链上订单簿试点，每秒撮合 1 万笔
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LayerZero and EU-licensed trading and settlement venue 21X completed a month-long on-chain order-book pilot on a private, permissioned instance of LayerZero's Zero, matching 10,000 orders per second for tokenized U.S. equities—up to 45 times faster than the L2 EVM benchmark used for comparison. Order matching and settlement were executed within a single transaction, eliminating the need for off-chain matching. The result matters because it tests whether on-chain infrastructure can handle the throughput required by regulated central limit order books, a key hurdle for tokenized securities. What to watch next is whether 21X moves the setup beyond the pilot into production and how the throughput and single-transaction settlement model hold up under live trading volumes.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
LayerZero, 21X, Zero, US stocks