Hey Bro, I'm hearing about CLOBs everywhere on my timeline. What's the deal with that?
A CLOB (it stands for Central Limit Order Book) is basically the classic, old-school way that stock markets and pro crypto exchanges work.
Think of it like a massive, public scoreboard for buyers and sellers.
On one side, you have everyone posting the price they’re willing to buy at.
On the other side, you have everyone posting the price they're willing to sell at.
The scoreboard’s job is to match them up instantly.
So, how is that different from just swapping a coin on Uniswap?
Great question, because that’s the whole reason people are talking about it.
Most DeFi apps you use, like Uniswap, are AMMs (Automated Market Makers).