I have been away from the cryptocurrency space for a long time, and when I returned, it was during the craze for meme coins. Naturally, I joined the meme coin army. Regardless of profits and losses, I felt deeply that trading meme coins requires quick entries and exits. However, due to insufficient liquidity, sometimes setting a 50% slippage would lead to trade failures, causing missed opportunities. Additionally, when trading meme coins across different chains, I had to set up the corresponding network to transfer USDT through cross-chain bridges, and then repeat the above steps to trade, which greatly affected the user experience. Sometimes I wonder, in the web2 era, apps could hail a taxi or order food with one click; why is the user experience in the technically superior web3 so poor? Is there a way for ordinary users to enjoy smooth trading with fast speeds, low costs, and ample liquidity? Until I saw the dappOS intent network, where the aforementioned pain points have solutions. I would like to share my shallow understanding of the dappOS intent network's spot trading system from aspects like liquidity, trading speed, and trading costs.
First, liquidity
I wonder if everyone remembers the popular online freelancing platforms from a few years ago, where reward postings and order taking allowed both the issuer and part-time workers to meet their needs and achieve win-win cooperation. However, in later stages, it gradually declined, with tasks often going unanswered for half a year. A similar case is dappOS's intentEX, which treats users' limit orders as intent tasks; however, there will never be a situation where no one is interested. This is because the professional service nodes of dappOS can observe and match user orders in real-time across all centralized exchanges (CEX) and decentralized exchanges (DEX), bringing institutional-level liquidity capturing capabilities. Thus, each user order can quickly access the best price source and enjoy the liquidity of the entire market.
Second, trading speed
After the user issues a limit order and signs it, the dappOS network will match the task to the service node with the strongest overall competitiveness after considering various factors (including node margin, execution cost, execution speed, and how many orders the node is willing to accept at a certain price deviation from the market). Once the node accepts the order, the user does not have to wait for the final on-chain confirmation to complete the transaction. The node is bound by the OMS mechanism of the dappOS network, and if it ultimately does not fulfill the order, it will be liquidated. If the execution speed of the node is too slow, or if it promises to assist the user with a limited number of orders, its competitiveness weight will be reduced, making it harder to receive more orders. Therefore, when the user's quote is close to the market, the order can be executed almost instantly, even faster than the block speed of the public chain itself.
Third, trading costs
Returning to the initial question I posed, users do not need to manually cross chains or worry about which chain their funds are on; they can directly interact through the dappOS platform with one click and settle on the high-speed, low-fee opBNB network, with transaction fees as low as 0.1%, far lower than the rates of most on-chain exchanges. Without a doubt, intentEX has become a more economical choice for us in on-chain trading.
Fourth, existing risks
Currently, there is no public information clearly pointing out the shortcomings of the DappOS spot trading platform, but from the perspective of general crypto trading platforms, there may be the following potential issues:
First, there is the risk of market volatility. The digital currency market is highly volatile, and even if the platform provides an efficient trading environment, users may still face significant investment risks due to large price fluctuations. Second, there is a cognitive and usage threshold for users. Although dappOS aims to simplify operations, ordinary users who are not familiar with blockchain and cryptocurrencies may still encounter a certain cognitive and usage threshold, requiring time to understand and adapt.
In summary, the dappOS intent execution network not only enhances the user trading experience but also promotes technological innovation in decentralized exchanges. It is a further improvement to the dappOS Web3 intent layer ecosystem, helping the entire crypto ecosystem develop towards a more intelligent, efficient, and decentralized direction. At the same time, intentEX using opBNB for settlements is also a sign of dappOS's full integration into the BNB Chain ecosystem.