Gridex

What Is Gridex?

Gridex is a fully on-chain order book trading protocol based on the novel Grid Maker Order Book (GMOB) model, consisting of a set of persistent, non-upgradable smart contracts.

Unlike the current mainstream decentralized exchanges based on the Automated Market Maker (AMM) model, Gridex is based on order books. With the novel GMOB model, Gridex has significantly reduced the resource consumption of running an order book based system on-chain, making the gas cost comparable to that of AMMs.

Gridex was deployed on Arbitrum in February 2022, and will be deployed on Ethereum, Optimism, Polygon and Base in the coming months.