21X and LayerZero Report 10,000 Onchain Order Matches Per Second in Pilot

TL;DR: European trading venue 21X and LayerZero say a private, permissioned deployment of Zero handled 10,000 order matches per second in a month-long technical pilot. The companies disclosed the result on November 4, reporting a 45-fold performance improvement against the EVM layer-two baseline they used. European trading venue 21X and LayerZero say a private, permissioned deployment of Zero handled 10,000 order matches per second in a month-long technical pilot. The companies disclosed the result on November 4, reporting a 45-fold performance improvement against the EVM layer-two baseline they used. It is an unusually specific benchmark in a market full of throughput promises, although an internal pilot is not the same as sustained production trading under real market stress. The scope of the test The partners say they ran a fully onchain central limit order book with an emphasis on US equity tokens. Matching orders onchain is technically different from recording a trade after an offchain matching engine has already decided the outcome. The reported throughput would therefore address a genuine challenge for blockchain-based venues. The private instance also matters: network membe...