Canonic

World's first Midpoint Anchored Order Book (MAOB) spot exchange, on @megaeth

[Canonic @_canonic]

Canonic is now live on MegaETH Terminal.

Double dip Canonic Points + MegaETH Terminal Points on:
- MEGA/USDm
- WETH/USDm
- BTC.b/USDm

https://t.co/dyXVWYnljC
https://t.co/uaHu3XrBoq

[MegaETH @megaeth]

App Wave 4 is now live on Terminal

Seven new apps are ready to be explored.

Intros in the thread below:

[Canonic @_canonic]

@UmiBtc @megaeth Post-incentive behavior is the real filter now.

[Canonic @_canonic]

@Defriedshallots @megaeth @PrismFi_ @kumbaya_xyz @Euphoria_fi @SectorOneDEX @xeetdotai You definitely did not lose money with Canonic :)

[Canonic @_canonic]

@MiniBlocksIO @dotmegadomains very cool

[Mortan @0xmortan]

if you ever traded spot on cexs, you might find tis megaeth app interesting

explored @_canonic today, the first spot dex exchange on the rabbit chain and here are some things i find out:

- it is a fully onchain spot order book
- there's zero maker fees
- a passive lp vault with gud apy
- first dex to use a midpoint anchored orderbook (?)

built on a user friendly interface, a normie can easily navigate (safe to say, the first innovative app on mega)

so, i did few swaps on their, using the market order (no quids limit), then provided liquidity, which are basically the main features of the app

unfortunately, only few pairs can be traded their rn, and hoping they expand their wings soon

will be exploring more on the maob thing, then use it at an advantage (obviously the only =ev rpoject)

nfa, but check tis one out and let me know your view on it

[Canonic @_canonic]

@SneakypeekSol @Defriedshallots @megaeth WETH/USDm had a 30-day excess return of ~3.8% vs buy&hold. That is a ~53.85% annualized :)

Of course, past performance does not guarantee future returns.

https://t.co/LIyKu01kr2

[Canonic @_canonic]

@_matisei @rocksolidHQ @CapApp 🫡

[Canonic @_canonic]

A year ago, many people believed fully onchain spot order books couldn’t compete on execution quality.

Today, Canonic is quoting tighter spreads than major venues on selected pairs — fully onchain.

None of this possible without @megaeth + @redstone_defi

[bread.mega @bread_]

Canonic is an interesting story and one I'm happy to see included as a spot DEX.

DeFi OG trader pioneering a new design (MAOB) and has got to a place where they offer some of the tightest spreads on Mega and compete with Coinbase/Binance.

[Canonic @_canonic]

@bread_ Appreciate it 🤝

The goal from day one was simple:
bring CEX-quality spreads and execution fully onchain.

MegaETH made it possible for us to seriously explore new market structure designs like the MAOB.

[Canonic @_canonic]

@mmyselfvvanilla Only possible on @megaeth

[Canonic @_canonic]

@airdropisteriz Yes. Trade any amount and points will be earned :)

[Canonic @_canonic]

Canonic is now live on MegaETH Terminal.

Double dip Canonic Points + MegaETH Terminal Points on:
- MEGA/USDm
- WETH/USDm
- BTC.b/USDm

https://t.co/dyXVWYnljC
https://t.co/uaHu3XrBoq

[MegaETH @megaeth]

App Wave 4 is now live on Terminal

Seven new apps are ready to be explored.

Intros in the thread below:

[MegaETH @megaeth]

"World's first MAOB spot exchange" | @_canonic

Canonic is a fully onchain spot order book combining:
→ Zero maker fees
→ Oracle-anchored pricing
→ Passive LP vaults
→ Midpoint-anchored pricing

Trade MEGA/USDm with real-time execution and the tightest spreads on the Mega.

[Canonic @_canonic]

@megaeth The future of trading should feel instant, fully onchain, and actually efficient.

megaETH makes designs like MAOB possible.

🫡🫡🫡

[Canonic @_canonic]

@JoestarCrypto @SectorOneDEX @CapApp @leveragesir @rocksolidHQ @ferdybet 🫡

[Canonic @_canonic]

@megaETHvietnam @Euphoria_fi @megaeth gmega

[Canonic @_canonic]

@themagic_trader @rocksolidHQ @ferdybet @beefyfinance @CapApp @leveragesir @SectorOneDEX @Euphoria_fi @megaeth Very fast

[Canonic @_canonic]

.@KyberNetwork has integrated Canonic on @megaeth, and is now the top contributor of volume to Canonic.

Smart routing goes where execution is best.

[Canonic @_canonic]

@Bridge34__ @megaeth Real-time onchain apps are where MegaETH starts to feel different. Trading is one of the clearest examples: fast execution, USDm liquidity, and venues like Canonic turning that infrastructure into usable markets.

[Canonic @_canonic]

@megaeth USDm becoming core settlement liquidity is a big deal for the whole MegaETH app layer. More USDm depth means better conditions for venues like Canonic: tighter markets, cleaner routing, and more useful onchain trading activity.