I’m seeing many CLOBs launching across blockchain ecosystems. My framework for evaluating these projects starts with two questions – is it decentralized, and is it EVM compatible? These two features are non-negotiable – without them, no CLOB will succeed in the crypto space long-term. @MonacoOnSei is decentralized and EVM compatible.

Decentralization is blockchain’s core value proposition. A centralized orderbook suffers from exactly the problems that blockchain was created to solve – a single point of failure, censorship risk, and counterparty exposure. That’s not the future of finance; it’s TradFi with slower speeds and worse UX.

EVM compatibility is also indispensable for any CLOB, because the EVM hosts the vast majority of DeFi activity. That’s why most crypto developers, major DeFi protocols, leading stablecoins, and institutional gateways run on the EVM. It’s also why Sei Labs is scaling the EVM. Any CLOB that’s not building on the EVM is crippling its ecosystem builders and its users, and again, will ultimately not succeed in our industry.

I'm gratified to see @klmgrvRndm and Sei Labs building Monaco on Sei to be decentralized and EVM compatible. Monaco will deliver professional-grade trading – sub-400ms finality and 5 gigagas/s throughput – with crypto's core values intact. That is the onchain future of global financial markets.

I’m looking forward to seeing this project launch later this summer.