21X and LayerZero Report 10,000 Onchain Order Matches Per Second in Pilot
Summary
European trading venue 21X and LayerZero report that a private, permissioned deployment of Zero processed 10,000 onchain order matches per second during a month-long technical pilot—about 45 times the speed of their EVM layer-two baseline. The test used a central limit order book focused on US equity tokens. The result suggests potential for blockchain-based securities trading, but it was achieved under controlled conditions and is not evidence of production performance. The comparison depends on the test setup and should not be generalized across networks or workloads. Latency, finality, fairness, resilience, governance and regulatory approval remain unproven; independent testing and live trading would be important next steps.
