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Decentralized exchange SushiSwap has integrated dollar-cost averaging (DCA) and limit orders into its application by leveraging Orbs’ dLIMIT and DCA protocols.

The dLIMIT protocol allows traders to place limit orders on-chain, setting specific prices for buying or selling tokens. Users can choose options such as +1%, +5%, or +10% above their target price and set expiration dates for their orders.

Additionally, SushiSwap’s interface now includes an order history tab, so you can keep track of open and past orders.

Users can also specify the frequency and number of separate trades for their DCA orders, thus implementing this popular algorithmic trading strategy.

Orbs is a decentralized layer-3 (L3) blockchain infrastructure that provides advanced tools for on-chain trading, such as aggregated liquidity, advanced trading orders, and on-chain derivatives. The goal is to provide a centralized exchange experience, but for on-chain trading.

The integration follows similar implementations on other decentralized exchanges using Ethereum Virtual Machine, including PancakeSwap, QuickSwap, and Thena.

On-chain trading volumes gain ground

The monthly trading volume of decentralized exchanges in August is still $73 billion away from July. Despite this, the ratio of trading volumes of centralized and decentralized exchanges peaked at 13.9% last month, according to data from The Block.

This means that decentralized trading platforms represent almost 14% of the total volume registered by their centralized counterparts.

Notably, the ratio for August has only seen a slight decline so far, dropping to 13.55%. This means that despite the shrinking monthly volume traded on decentralized exchanges, their decline in magnitude is less severe than that of centralized exchanges.

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