SushiSwap adds DCA and limit orders by tapping into Orbs technology

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Decentralized exchange SushiSwap has integrated dollar cost averaging (DCA) and limit orders into its app, tapping into Orbs’ dLIMIT and DCA protocols.

The dLIMIT protocol allows traders to place limit orders on the chain, setting specific prices for buying or selling tokens. Users can choose options such as +1%, +5% or +10% above the target price and set expiration dates for their orders.

In addition, the SushiSwap interface now includes an order history tab for tracking open and previous orders.

Users can also specify the frequency and number of individual trades for their DCA orders, implementing this popular algorithmic trading strategy.

Orbs is a decentralized Layer 3 (L3) blockchain infrastructure that provides advanced tools for on-chain trading such as aggregate liquidity, advanced trading orders and on-chain derivatives. The goal is to provide a centralized exchange experience, but on-chain trading.

The integration follows similar implementations on other decentralized exchanges implemented by the Ethereum Virtual Machine, including PancakeSwap, QuickSwap and Thena.

On-chain trading volumes are gaining ground

Decentralized exchange monthly trading volume in August is still up $73 billion from July. However, the share of trading volumes from centralized and decentralized exchanges peaked at 13.9% last month, according to data from The Block.

This means that decentralized trading platforms accounted for almost 14% of all the volume recorded by their centralized counterparts.

In particular, the ratio for August has seen only a slight reduction so far, falling to 13.55%. This means that despite the declining monthly volume traded on decentralized exchanges, their reduction in size is less severe than that of centralized exchanges.

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