A CLOB -> Central Limit Order Book, is a trading system where users place limit buy and sell orders that are matched based on price and time priority. It's the core mechanism used in traditional financial markets and centralized exchanges (CEXs) for fair, efficient price discovery.
CLOBs offer deeper liquidity, better price transparency, and more advanced trading strategies than AMMs (Automated Market Makers). However, implementing performant CLOBs onchain has been nearly impossible on most blockchains due to speed and latency limits.
Fogo ultra-low latency is uniquely capable of hosting real-time, fully onchain CLOBs. This deliver CEX-like trading directly on a decentralized network, transparent, and fast.