Tokenlon is a non-custodial decentralized trading protocol. It uses a request-for-quote model in which professional market makers can provide prices, while settlement occurs on-chain from the user's wallet.
Live data
Total deposited value is not treated as fully executable liquidity. Pool depth and price impact remain unavailable until they are calculated for a stated trade size and stored with the market observation.
Markets
Description
Useful metrics include quoted price, fill success, route, gas cost and price improvement. Users face smart-contract, token, signature, market-maker and network risks. Supported chains, contract addresses and fee rules should come from current official documentation.
BMC should not describe Tokenlon as a normal AMM or centralized order book.
Description reviewed at: .
Next review due: .
