In traditional exchanges or newer AMM DEXs, prioritization of orders by sub-second latency creates huge problems around fairness of the marketplace. Especially in decentralized setup, MEV(Miner Extractable Value) is a huge cost to every ordinary traders in DEXs.
In Crescent DEX, we minimize such value extraction by adopting batch execution for orderbook order matching mechanism. In batch execution, orders within a batch are treated equally without prioritization by order time. The only prioritization is the order price, not the order time. It brings healthy competition among arbitrageurs and traders which result in more efficient price discovery of the orderbook.