With the continuous advancement of blockchain technology, the efficiency, liquidity and cost issues of on-chain transactions still plague the development of the industry. To meet these challenges, dappOS launched a spot trading function based on the intent network - IntentEX, which reshapes the on-chain trading experience in an innovative way of intent-based transactions. This is another key milestone in the intent layer ecosystem after dappOS released intentOS (operation intent) and intent asset (asset intent).
Pain points and breakthroughs of on-chain transactions
Currently, the three core issues facing traditional on-chain exchanges are:
1. Insufficient Liquidity: Users find it difficult to capture full market liquidity on a single platform, resulting in low trading efficiency.
2. Slow Transaction Speed: On-chain transactions are limited by public chain block speeds and cannot meet high-frequency trading demands.
3. High Fees: Transaction fees are often high, limiting users' trading activity.
The launch of IntentEX is a revolutionary solution addressing these issues.
Innovative Design of IntentEX
1. Intent Task Delegation
IntentEX treats users' limit orders as 'intent tasks' and delegates them to professional service nodes within the dappOS intention execution network. These nodes can not only match trades through internal order books but also capture professional institutional-level liquidity, enabling users to quickly obtain the best trade prices.
2. High-Speed Settlement Mechanism
The final settlement of IntentEX is completed on the opBNB chain. The high-speed block generation mechanism and low fee advantages of opBNB significantly enhance transaction execution efficiency while reducing transaction costs. Thanks to dappOS's Order Management System (OMS), the transaction confirmation speed of IntentEX can even exceed public chain block speeds, providing users with an experience close to that of centralized exchanges (CEX).
3. Full Market Liquidity Integration
dappOS service nodes capture institutional-level liquidity to help users enjoy liquidity resources from the entire market on a single platform. This design addresses the difficulty traditional on-chain exchanges face in matching high-quality orders.
Core Advantages of IntentEX
1. Full Market Liquidity: Professional service nodes capture full market liquidity, quickly matching the best prices to enhance transaction success rates and efficiency.
2. Rapid Transactions: The combination of opBNB's high-speed settlement and dappOS OMS system allows users to enjoy a trading experience close to that of centralized exchanges (CEX).
3. Low Fees: The low fee characteristics of opBNB make IntentEX's fees only 0.1%, far lower than most on-chain exchanges.
4. Decentralization and Transparency: All transactions are recorded on-chain, ensuring the security and transparency of transactions while maintaining decentralization.
Promoting Technological Innovation in Decentralized Exchanges
As a new use case for the dappOS intention execution network, the significance of IntentEX lies not only in enhancing user experience but also in promoting technological advancements in decentralized exchanges. Through the model of intent-based trading, IntentEX frees users from complex on-chain interaction processes, allowing them to simply express their trading needs, and the system can intelligently complete the operations. This innovative design makes the trading functionality of the dappOS intention layer ecosystem more comprehensive.
A Symbol of Integration into the BNB Chain Ecosystem
IntentEX choosing opBNB as the settlement chain is an important milestone for dappOS's full integration into the BNB Chain ecosystem. This collaboration fully leverages opBNB's technological advantages and demonstrates dappOS's openness and collaboration within the Web3 ecosystem.
Looking Ahead
With the launch of IntentEX, the dappOS intention layer ecosystem is gradually becoming more complete. From operations, assets to trading intentions, dappOS has built a smarter and more efficient blockchain interaction method for users. In the future, IntentEX is expected to become a benchmark for on-chain trading, bringing more innovation and possibilities to the blockchain industry.