papers/lightspeed-dex/sections/10-related-work.tex

\section{Related Work}


\begin{itemize}
    \item \textbf{Uniswap} \cite{adams2020}: AMM, slow, high slippage
    \item \textbf{dYdX} \cite{dydx2021}: Order book, 1-second finality, but centralized sequencer
    \item \textbf{Serum} \cite{serum2020}: On-chain order book, 400ms, but MEV vulnerable
    \item \textbf{Injective} \cite{injective2021}: Cosmos-based, 1s finality, limited cross-chain
\end{itemize}

\textbf{Lux advantages}:
\begin{itemize}
    \item Faster finality (10ms GPU BLS vs 1000ms)
    \item MEV-resistant (threshold encryption)
    \item True decentralization (co-located validators)
    \item Cross-chain native (Lux appchains)
    \item 434M orders/sec GPU matching (310$\times$ Binance)
\end{itemize}