April 19, 2022, 10:03AM EDT
• 6 min read

Comparing dYdX and ZigZag Protocol

Quick take

  • Some of the earliest DeFi applications were orderbook-based DEXs (e.g. EtherDelta). 
  • The constraints of public blockchains limit the extent to which orderbook functions can be fully decentralized. 
  • The high degree of scalability offered by ZK-rollups may facilitate a revival of fully on-chain orderbook DEXs. 
  • dYdX and ZigZag are well positioned to lead the way in the space.

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