Odaily Planet Daily News: The research team of market maker Jump Crypto published a paper proposing a new trading mechanism, Dual Flow Batch Auction (DFBA), which aims to address the challenges of traditional continuous limit order books (CLOBs) on the blockchain.

CLOBs rely on continuous matching and time-priority mechanisms, leading to latency arbitrage, MEV (miner extractable value) issues, and unfavorable trading liquidity, increasing market transaction costs. DFBA, through two independent auctions every 100 milliseconds, divides orders into maker and taker groups and settles trades at a single fair clearing price. This mechanism eliminates arrival time priority, avoids competition among liquidity providers, and shifts the focus of competition from speed to price and scale.