TREE NEWS update: LayerZero and 21X completed an approximately one-month pilot running 21X’s central limit order book fully on-chain on a private, permissioned instance of the Zero blockchain, with no off-chain matching. The trial recorded 10,000 order matches per second, up to about 45 times an institutional EVM baseline, and focused on tokenized US equities, with matching and settlement in the same trade. Zero was previously unveiled by LayerZero alongside Citadel Securities, DTCC, ARK Invest and Intercontinental Exchange.
LayerZero and 21X Run On-Chain Order Book Pilot on Zero, Hitting 10,000 Matches per Second
AI take
The key claim here is architectural, not just throughput: matching and settlement occurring in the same trade removes the reconciliation step that has kept most tokenized-equity venues partly off-chain. The involvement of major market-structure names around Zero signals this is aimed at institutional venues rather than retail crypto. Whether a permissioned, single-month pilot translates into production-grade resilience under real order flow is the open question.
Generated by AI for reference only.
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