Vision

The world's first on-chain CEX.

Despite cryptocurrency being an industry built upon the principle of decentralization, the current state of cryptocurrency trading presents a stark contrast to this vision. On average, around 90% of spot exchange volume occurs on centralized exchanges such as Binance and Coinbase. Centralized exchanges are currently favored by traders of all archetypes due to their lowered barrier of entry, speed, and higher liquidity. On the contrary, current decentralized exchanges suffer from high transaction fees, low liquidity, and a lack of user-friendly interfaces, especially for those unfamiliar with blockchain technology.

Crystal seeks to bring the CEX experience on-chain, facilitating seamless trading across highly liquid markets between any tokens. Enabled by Monad, a modern EVM-compatible L1, Crystal's fully on-chain order book introduces the capital efficiency and lower fees of CEXs to the decentralized world without compromising on security or composability. By providing a superior trading experience enhanced by the benefits of permissionless and self-custody exclusive to decentralized exchanges, Crystal aims to surpass centralized exchanges in becoming the premiere venue for all cryptocurrency trading.