The popular dex, SushiSwap introduced new features that finally allow users to set limit orders and utilize a dollar-cost averaging, the DCA strategy within its platform, by integrating Orbs’ dLIMIT and DCA protocols.
Cex tools, but on a dex
By integrating Orbs’ technology, SushiSwap now allows traders to place limit orders, in the same way as they can on a centralized exchange with an order book.
This feature enables users to specify precise prices for buying or selling tokens, with options to set target prices at increments of +1%, +5%, or +10%. Also, they can set an expiration for the orders.
The new interface giving us an order history tab, so we have the ability to track both open and completed trades.
This is particularly beneficial for those who adopt algorithmic trading strategies, as it allows them to implement and monitor DCA orders more effectively and easily.
New ways for trading
Orbs, a decentralized layer-3 blockchain infrastructure, provides the advanced tools necessary for on-chain trading, including aggregated liquidity, sophisticated trading orders, and on-chain derivatives.
SushiSwap is now on a path, in a trend where decentralized exchanges seek to offer a trading experience comparable to that of centralized platforms.
The adoption of Orbs’ technology by SushiSwap follows similar integrations on other Ethereum Virtual Machine compatible decentralized exchanges, such as PancakeSwap, QuickSwap, and Thena.
The sector continues to gain ground relative to its centralized counterparts, all despite a decrease in overall trading volume on dexes in August.
Dexes accounted for nearly 14% of the total trading volume registered by exchanges in July, reaching a peak ratio of 13.9%.
This ratio slightly dipped to 13.55% in August, but it still shows the growing resilience and appeal of decentralized trading platforms.
Traders wanna trade
The integration of advanced trading tools like those offered by Orbs positions SushiSwap to capitalize on this trend, potentially attracting more users who seek the benefits of DeFi while also enjoying features traditionally associated with cexes.
Traders are willingly giving up their private keys to being able trading in more convenient ways, so making this possible for them seems a good business practice.
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