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21X and LayerZero disclose pilot results for onchain equity order book
European venue 21X and LayerZero disclosed results from a month-long pilot of an onchain order book aimed at US equity tokens.
Quick take
- European venue 21X and LayerZero disclosed pilot results for a fully onchain order book on November 4.
- The month-long test recorded 10,000 order matches per second and a 45-fold gain over an EVM layer-two baseline.
- It remains an internal pilot, not production trading, with independent testing and regulatory approvals still ahead.
NewsBTC reported that the European venue 21X and LayerZero have released results from a technical pilot of a fully onchain central limit order book. The two firms disclosed the results on November 4, following a month-long test run as a private, permissioned deployment of Zero.
According to the figures the firms gave, the setup processed 10,000 order matches per second during the pilot. They also reported a 45-fold gain over an EVM layer-two baseline. The emphasis of the work is on US equity tokens, the disclosure indicates. The figures are the firms' own pilot results, not independent measurements.
The pilot was internal and did not involve production trading, the disclosure makes clear. Governance and permissioning trade-offs were also raised in connection with the design. Next steps listed are independent testing, disclosure of the methodology and regulatory approvals.
The figures therefore come from one internal pilot and await the independent testing listed as a next step.
Sources
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