According to the research team of market maker Jump Crypto, a new trading mechanism, Dual Flow Batch Auction (DFBA), is proposed to solve the challenges of traditional continuous limit order books (CLOBs) on the blockchain.
It is reported that CLOBs rely on continuous matching and time priority mechanisms, leading to delayed arbitrage, MEV (Miner Extractable Value) issues, and unfavorable trading liquidity, increasing market transaction costs.
The DFBA divides orders into Maker and Taker groups by conducting two separate auctions every 100 milliseconds, and completes transactions at a single fair clearing price. This mechanism eliminates time of arrival priority, avoids competition among liquidity providers, and shifts the focus of competition from speed to price and size.
Compared to the traditional design, the DFBA can provide tighter quotes and deeper liquidity, while protecting natural traders from delayed arbitrage and MEV reordering. Jumpcrypto believes that this design inherits the advantages of the previous trading model, such as continuous liquidity and auction fairness, while avoiding the drawbacks of high slippage and liquidity fragmentation, providing market participants with a more fair and efficient trading environment.
Jump Crypto proposes a DFBA mechanism to solve the challenges of traditional CLOBs on the blockchain
2025-08-22 16:03:01
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