Order books have long been the backbone of financial markets. From the Amsterdam Stock Exchange chalkboards of the early 17th century, to the open outcry pits of the mid 1970s, into the digitization of order books via ECNs in the 1990s - this market microstructure has constantly evolved with the global financial markets. And it’s time for it to take a new form: onchain, composable, verifiable CLOBs.

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Spot and Perps

GTE leverages its high-performance infrastructure to offer Central Limit Order Books for both major market types:
  • Spot CLOB: For direct trading of assets with immediate settlement.
  • Perpetual Futures CLOB: For trading derivatives contracts that mimic spot prices without an expiry date, allowing for leverage and hedging strategies.
This dual offering ensures traders have access to the preferred venue for their specific strategies while benefiting from the speed and efficiency of the GTE onchain CLOB.

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Why build onchain CLOBs?

Onchain CLOBs have always been the holy grail of crypto. But blockchains of the past were plagued by expensive gas fees, low throughput, high latency, inconsistent execution and unpredictable costs — forcing builders to rely on off-chain components and pushing flow to centralized exchanges and leaving passive onchain liquidity provisioning on AMMs as the only feasible option. The benefits of onchain active liquidity are huge, including:
  • Capital Efficiency: Market makers can provide deep liquidity at specific price levels instead of having it spread along a programmatic pricing curve like in AMMs.
  • Price Discovery: Fast block times enable onchain price discovery that rivals that of centralized exchanges.
  • Lower Slippage & Tighter Spreads – Because liquidity concentrates around the active trading range, traders experience deeper books, narrower spreads, and far less slippage compared to AMMs — especially on large trades.
  • More Competitive Markets – Active liquidity lets sophisticated market makers and high-frequency traders compete on equal footing, improving execution quality for everyone.
On MegaETH, GTE is able to realize the dream of a performant onchain CLOB capable of hosting the most sophisticasted market makers and high frequency traders in the world.

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How are they fully onchain?

With MegaETH’s high throughput, low fees, and millisecond block times, GTE is able to build a truly fully on-chain order book. Market makers can cheaply and frequently cancel and replace stale orders — a core requirement for active liquidity provisioning that historically was a key bottleneck for building a crank-less onchain CLOB. Ultra-low latency ensures that orders are updated in near real time, keeping prices aligned with global markets and far less exposed to arbitrage from centralized exchanges. Combined with massive throughput, this infrastructure results in deeper liquidity, tighter spreads, and significantly lower slippage for traders — all onchain.