Insights
Research and perspectives on onchain markets
Explainers, research, frequently asked questions and news from Somnia on market structure, oracles, agents and the infrastructure underneath them.
Explainer
Why matching belongs onchain
Where an exchange matches orders decides who you have to trust. A look at the trust models in today's order-book venues, and why Somnia puts the matching engine in a smart contract.
Onchain markets7 min read
Explainer
What is an onchain order book?
A plain-language introduction to central limit order books, price-time priority, and what changes when the book runs on a blockchain.
Onchain markets5 min read