IntentEX, a spot trading use case based on dappOS's intent network, has many advantages and provides users with an on-chain trading experience close to the CEX level.
intentEX excels in liquidity acquisition. In traditional order book trading systems, the trading liquidity of assets is often scattered across various exchanges, and it is difficult for users to enjoy the liquidity of the entire market in one exchange. Based on traditional order book exchanges, intentEX delegates users' limit orders as intent tasks to nodes in the dappOS intent execution network. These nodes can complete transactions on any chain, making full use of the trading liquidity advantages of professional institutions, making the token liquidity in intentEX better than all CEX and DEX, allowing users to obtain more sufficient trading depth and better trading prices.
intentEX also has clear advantages in terms of transaction speed and cost. Since intentEX performs final settlement on the opBNB chain, the chain has the characteristics of high performance and low gas fees, which can significantly reduce users' transaction costs. At the same time, intentEX's transaction execution speed is faster. When the user's quotation is close to the market price, because the service nodes tend to commit to completing all orders, the user order execution speed can even be higher than the block production speed of the public chain itself, allowing users to be more timely Seize trading opportunities efficiently and reduce transaction waiting time.
In addition, the transaction mechanism design of intentEX also helps improve transaction efficiency and user experience. When a user places a limit order on intentEX, it is equivalent to publishing an intent task in the dappOS intent execution network. The matching node in the network will assign the task to the service node with the strongest comprehensive competitiveness. After receiving and confirming the task, the service node will commit to a number of orders that can guarantee the user's successful completion based on its own situation. After completing the commitment, the service node will complete the order processing in three steps under the system constraints: internal filling, node exclusive filling, and open order. This mechanism encourages service nodes to tend to commit to helping users complete more orders and complete transactions faster.