what's Hanji Protocol?

Hanji Protocol is a decentralized trading platform built around a Central Limit Order Book (CLOB) that facilitates fully on-chain order matching and settlements. It offers zero fees for limit orders and minimal fees for market orders, enabling efficient, transparent trading without reliance on off-chain components. The protocol supports one-sided liquidity provision, where users can deposit a single asset to earn fees without exposure to impermanent loss common in automated market makers. Deployed on high-performance chains like Monad and Etherlink, Hanji positions itself as a DeFi backbone connecting traders and liquidity providers across ecosystems.

Hanji Protocol mentioned in Ledger's Etherlink announcement alongside Curve Finance.