Introduction
AZX is the flagship decentralized exchange within the AZ ecosystem, providing users with a unified trading experience across Spot Trading and Perpetual Trading.
Built on the AZ protocol and powered by shared liquidity and execution infrastructure, AZX delivers deep liquidity, transparent execution, and consistent market behavior while serving as the primary reference implementation of the AZ network.
The AZ Ecosystem
AZ is an open finance ecosystem designed to aggregate liquidity, standardize execution, and enable composable market access across multiple channels.
At the core of the ecosystem is a shared protocol layer that provides:
Unified orderbook-based execution
Shared liquidity across markets and channels
Transparent fee accounting and settlement
Consistent risk controls and pricing mechanisms
All trading activity within the AZ ecosystem adheres to the same protocol-level rules, ensuring fairness, neutrality, and verifiability regardless of the interface used.
AZX: The Flagship DEX of the AZ Ecosystem
AZX serves as the flagship decentralized exchange of the AZ ecosystem.
As the primary trading venue, AZX offers:
Full support for Spot Trading and Perpetual Trading
Direct access to aggregated ecosystem liquidity
Transparent, protocol-level fee structures
Real-time market data and execution visibility
For users, AZX represents the most direct and complete way to interact with the AZ protocol.
AZX as a Reference Builder
In addition to being a flagship exchange, AZX also operates as a specialized Builder within the AZ Open Network.
AZX follows the same architectural principles and integration standards applied to other ecosystem participants, including:
Standardized order routing and execution logic
Unified data indexing and market state synchronization
Consistent presentation of trading data and positions
Protocol-compliant fee calculation and settlement
By adhering to these shared standards, AZX serves as a reference implementation for how frontends can integrate with the AZ protocol.
This design allows AZX to function not only as a trading venue, but also as a practical blueprint for future builders and channels seeking to connect to the AZ ecosystem.
Open Network and Future Expansion
The AZ ecosystem is designed as an open network, where additional channels and builders may participate over time.
All ecosystem participants operate on shared infrastructure and follow common protocol rules, ensuring:
Liquidity is not fragmented
Execution behavior remains consistent
Market data is transparent and verifiable
As the ecosystem expands, AZX continues to act as both the flagship exchange and a living example of best practices for frontend integration and user experience within the AZ Open Network.
Summary
AZX combines the roles of a flagship decentralized exchange and a reference builder within the AZ ecosystem. By supporting both Spot and Perpetual trading and adhering to protocol-level standards, AZX delivers a transparent, reliable trading experience while demonstrating how future channels can integrate with the AZ Open Network.
This dual role reinforces AZX’s position at the center of the ecosystem and provides a strong foundation for continued growth and decentralization.
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