CLOB

The Central Limit Order Book (CLOB) is the matching mechanism at the heart of Native Core. Unlike an AMM, which prices trades along a bonding curve, a CLOB matches discrete buy and sell orders by price-time priority.

How It Works on Native Core

• Order types: limit orders (fill at a specified price or better) and market orders (fill at the best available price) are supported.

• On-chain order book: the full order book state is stored on-chain. Every placement, cancellation, and fill is the result of an on-chain transaction.

• Auditable matching: the order sequence is canonical, matchings are deterministic and auditable.

Why It Matters

A CLOB gives traders the familiar order types and price precision of other liquidity venues, while keeping execution fully transparent. Combined with a dedicated app chain, it delivers professional-grade execution without the MEV and slippage characteristic of AMMs.