Limit Order
An order to buy or sell at a specific price or better, which executes only if the market reaches that price.
In-Depth Explanation
Unlike market orders that execute immediately at current prices, limit orders wait in the order book. Limit orders provide price certainty but may not fill if the market doesn't reach your price. In AMM-land, limit orders are simulated through range orders or external services that monitor prices and execute swaps.
Related Terms
Order Book
A list of buy and sell orders for an asset, organized by price level, used by traditional and some decentralized exchanges.
Market Order
An order to buy or sell immediately at the best available current price.
Slippage
The difference between the expected price of a trade and the actual executed price.
More in Trading & Markets
View all →Slippage
The difference between the expected price of a trade and the actual executed price.
Maximal Extractable Value
MEVValue that can be extracted by reordering, inserting, or censoring transactions within a block.
Sandwich Attack
An MEV extraction technique where an attacker places transactions before and after a victim's trade to profit from the price impact.
Frontrunning
Placing a transaction ahead of a known pending transaction to profit from the anticipated price movement.