Comparing dYdX and ZigZag Protocol
Quick take
- Some of the earliest DeFi applications were orderbook-based DEXs (e.g. EtherDelta).
- The constraints of public blockchains limit the extent to which orderbook functions can be fully decentralized.
- The high degree of scalability offered by ZK-rollups may facilitate a revival of fully on-chain orderbook DEXs.
- dYdX and ZigZag are well positioned to lead the way in the space.
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Author: Afif Bandak
