Reya launches new orderbook after scheduled maintenance

by@reya_xyz

Summary

Reya has announced the launch of its new central limit orderbook model, effective after scheduled maintenance on September 28. Users are advised that all stop-loss or take-profit orders were cancelled during this transition, and positions will remain unchanged; however, these protective orders need to be reset after the platform reopens at 13:00 UTC. This migration represents a significant shift as Reya moves from an automated market maker (AMM) system to a more advanced trading operation based on zk-rollup technology on Ethereum, which facilitates spot trading for assets such as BTC and ETH alongside perpetual contracts.

Analysis

Reya: Reya is a decentralized exchange specializing in perpetual contracts trading, built initially on Arbitrum Orbit and evolving toward a based zk-rollup architecture on Ethereum for high-speed execution and cryptographic verifiability. The platform is shifting from an automated market maker model to a central limit order book system to improve matching efficiency and price discovery. In this news, Reya completed scheduled maintenance to launch its new perp orderbook, preserving open positions while requiring users to reset protective orders. Trading Integration: The platform now supports spot trading for assets like BTC and ETH directly alongside perps within a unified cross-margin interface. Infrastructure Transition: Reya is migrating its core trading system from an AMM to a central limit orderbook model as part of its evolution to a based zk-rollup on Ethereum.

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perpshyperliquiddefiethereumcryptobase

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