1 00:00:14,230 --> 00:00:19,211 [HOST] Welcome to X1 Report, your source for the latest in blockchain news. Today, we're diving 2 00:00:19,211 --> 00:00:24,079 into an exciting development on the XDEX platform: the launch of a live order book for 3 00:00:24,079 --> 00:00:25,494 limit orders by X1 Prism. 4 00:00:25,744 --> 00:00:31,510 [ANALYST] X1 Prism has introduced a new feature that provides traders with a comprehensive view of 5 00:00:31,510 --> 00:00:37,211 all open limit orders on XDEX, making it easier to understand market dynamics and place 6 00:00:37,211 --> 00:00:37,669 trades. 7 00:00:37,919 --> 00:00:42,329 [HOST] Shaka Vibes, the founder of X1 Prism, says the tool lets anyone see where buyers are 8 00:00:42,329 --> 00:00:46,895 waiting, where sellers want out, and how much money is parked at each price. Jack Levin 9 00:00:46,895 --> 00:00:49,205 shared it on X and called it fantastic work. 10 00:00:49,455 --> 00:00:56,039 [ANALYST] The order book refreshes every 30 seconds. On October 18 the page showed 119 open orders. 11 00:00:56,039 --> 00:01:02,550 The XDEX limit order program held 121 accounts, because a filled order keeps its account 12 00:01:02,550 --> 00:01:04,473 until the owner withdraws. 13 00:01:04,723 --> 00:01:09,248 [HOST] The order book is segmented into sell orders at the top and buy orders below, with the 14 00:01:09,248 --> 00:01:13,826 current XDEX pool price in the middle. The closer an order is to this price, the sooner 15 00:01:13,826 --> 00:01:14,878 it's likely to fill. 16 00:01:15,128 --> 00:01:24,423 [ANALYST] For example, on October 18, XNT was trading at $0.1936 on XDEX. The XNT ladder held 91 17 00:01:24,423 --> 00:01:29,827 open orders, with $4,000 in bids and $625 in asks. 18 00:01:30,077 --> 00:01:36,636 [HOST] Buyers dominated the order book, with $5,100 waiting to buy against just $742 waiting to 19 00:01:36,636 --> 00:01:42,002 sell. Six tokens had open orders, with most of the action on XNT itself. 20 00:01:42,252 --> 00:01:48,066 [ANALYST] The page also provides a 'What a move fills' table, showing how much money would be filled 21 00:01:48,066 --> 00:01:53,815 at different price movements. For instance, a 50% dip would fill $2,000 across 31 orders. 22 00:01:54,065 --> 00:02:00,483 [HOST] In the history section, data from 2,459 closed orders shows that 51% filled, 38% were 23 00:02:00,483 --> 00:02:05,542 cancelled, and 11% expired. The median fill took just over 7 hours. 24 00:02:05,792 --> 00:02:13,272 [ANALYST] Orders within 2% of the market filled 85% of the time, in about 2 hours on average. Beyond 25 00:02:13,272 --> 00:02:16,928 25%, only 24% filled and took about 11 days. 26 00:02:17,178 --> 00:02:22,043 [HOST] The latest fills are listed with their wait times, offering a clear guide for traders. The 27 00:02:22,043 --> 00:02:26,799 page also explains key concepts like buy-below orders and stop orders in plain language. 28 00:02:27,049 --> 00:02:32,425 [ANALYST] This public order book is a significant step for XDEX, providing transparency and insight 29 00:02:32,425 --> 00:02:35,626 into market behavior that was previously unavailable. 30 00:02:35,875 --> 00:02:40,045 [HOST] For traders, this tool can help them make more informed decisions, understanding where 31 00:02:40,045 --> 00:02:43,875 support and resistance truly lie and how long they might wait to fill an order. 32 00:02:44,125 --> 00:02:49,732 [ANALYST] The page is accessible at x1prism.com/limit-orders, under the Markets menu. It's a 33 00:02:49,732 --> 00:02:55,475 valuable resource for anyone looking to navigate the XDEX platform more effectively. 34 00:02:55,725 --> 00:03:00,367 [HOST] That's all for today's report. Stay tuned for more updates from the blockchain world. This 35 00:03:00,367 --> 00:03:03,255 is X1 Report, your trusted source for news and insights.