Tokenlon Limit Order Launch

Published on: 04.07.2022

Tokenlon Limit Order Launch on Arbitrum with low transaction costs and fast processing speed.

Tokenlon has been following the development of different Layer 2 ecosystems and have decided to launch the Limit Order function on Arbitrum.

The limit order function allows users to execute a trade at a specific price. When the market price reaches the preset value, the transaction will be automatically completed, removing the need to monitor market prices, making it more convenient for users to trade.

Why did Tokenlon choose Arbitrum as Layer 2 network

Arbitrum is the most complete Optimistic Rollup solution for the Layer 2 Ecosystem.The EVM features are more friendly to DApp developers, attracting mainstream DeFi projects to use the Arbitrum network.

The Arbitrum ecosystem currently has a total locked value of $2 billion, making it the biggest Layer 2 ecosystem for DApps. High liquidity and low transaction fees also makes it an obvious choice for Tokenlon to provide users with a near-instant trading experience.

Tokenlon Limit Order advantages

Tokenlon Limit Order users will enjoy the following benefits:

Literally NO cost: 0 gas fees, 0 transaction fees, and 0 cost for unsuccessful orders.
Hassle Free: Orders will be fulfilling at a preferred price without constant monitoring. Anyone can place limit orders at any time.
Sufficient liquidity: Integrated liquidity from Uniswap and Sushiswap. Liquidity from PMMs will also be integrating in the near future.

To start with, Tokenlon will aggregate liquidity from Uniswap and Sushiswap. Moving forward, professional market makers will be adding to ensure adequate liquidity and depth for the main tokens. Users will be able to place large volume limit orders that are filling quickly.

In addition, relayers will soon be open source. Anyone can become a relayer to match orders and move them on-chain to earn trade fees.

Towards Layer 2

This is the year where Layer 2 is likely to gain significant adoption, with some referring 2022 to the L222 year. The Tokenlon limit order launch on Arbitrum is just the start of our foray into the Layer 2 ecosystem.