What Is a “Limit Order” and Why Is It Not Standard on a Basic AMM DEX?
A limit order is an instruction to buy or sell an asset at a specific price or better. Basic AMM DEXs use a continuous function (like x y = k) to determine the price dynamically based on the pool's reserves, not an order book.
Therefore, they do not natively support fixed-price limit orders. Newer AMM designs or external services are required to implement limit order functionality.
