TheOne Protocol

TheOne Protocol connects to multiple categories of liquidity venues. For centralized exchanges, it operates through broker and institutional accounts, continuously synchronizing order book data and executing trades directly within these environments. For decentralized markets, it maintains an on-chain environment that monitors and processes liquidity from all available pools. Based on this consolidated structure, TheOne builds optimal routing paths to execute trades across multiple venues simultaneously.

Since the entire routing and execution process is performed beneath the application layer, TheOne can simultaneously execute trades across different networks and liquidity sources while internally rebalancing positions. This enables full chain and token abstraction, allowing seamless conversions between assets that may not exist as direct pairs on any exchange or pool.