LayerZero and 21X Complete On-Chain Order Book Pilot, Matching 10,000 Orders Per Second

On November 5, according to an official announcement from LayerZero, LayerZero completed an on-chain trading technology pilot with EU-licensed trading and settlement venue 21X, running 21X’s central limit order book on a Zero permissioned instance.

The announcement noted that the pilot focused on US stock tokens, lasted approximately one month, recorded 10,000 order matches per second, demonstrating up to a 45x improvement over the compared L2 EVM benchmark. Order matching and settlement were completed within a single transaction, eliminating the need for off-chain matching.