The order book protocol developed by Econia Labs is now online on the Aptos mainnet.
According to previous news, Econia Labs announced the completion of a US$6.5 million seed round of financing, led by Dragonfly, with participation from Lightspeed Faction, Wintermute Ventures, Hudson River Trading, Aptos Labs and Flow Traders.
It is reported that Econia Labs is working with the Aptos team to build a back-end protocol as the base layer for decentralized finance (DeFi) projects on Aptos. The protocol provides an order book, which is an integral part of traditional finance and centralized cryptocurrency exchanges. , allowing traders to buy and sell assets at the price they want, or just accept the best price the market has to offer. Econia brings order books on-chain in a transparent, permissionless manner and supports integration with DeFi applications that offer a range of trading options, such as spot trading or leveraged derivatives.