Building a Fully Onchain Exchange: Inside World Markets | Aurelius & Hersch

Building a Fully Onchain Exchange: Inside World Markets | Aurelius & Hersch

From 0xResearch by Blockworks

May 1, 2026 · 49 min

About this episode

The episode discusses the vision for a fully onchain exchange with insights from Hersch and Aurelius of World Markets.

In this episode, we’re joined by Hersch and Aurelius from World Markets to break down their vision for a fully onchain exchange. We cover the Atlas risk engine, unified perp, spot, and lending markets, fixed-rate lending, MegaETH infrastructure, ADL limitations, market structure design, and what’s next for the platform. Thanks for tuning in! As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice. -- Follow Blockworks Research: https://x.com/blockworksres Follow World Markets: https://x.com/worldmarketsinc Follow Hersch: https://x.com/tittyrespecter Follow Aurelius: https://x.com/0xlarpist Follow Boccaccio: https://x.com/salveboccaccio -- Subscribe on YouTube: https://bit.ly/3foDS38 Subscribe on Apple: https://apple.co/3SNhUEt Subscribe on Spotify: https://spoti.fi/3NlP1hA Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Timestamps: (0:00) Introduction (2:04) Why Build on MegaETH? (3:42) Gas Costs and L2s (6:00) Appchain Tradeoffs (8:57) Atlas Risk Engine (16:25) Fixed-Rate Lending (19:55)…

People in this episode

Host: Blockworks

Guests: Hersch, Aurelius

Topics covered

  • onchain exchange
  • crypto markets
  • lending
  • market structure
  • risk management

Keywords

  • onchain exchange
  • Atlas risk engine
  • MegaETH
  • fixed-rate lending
  • crypto markets

Mentioned in this episode

Organizations: World Markets, Blockworks

Products: MegaETH, Atlas risk engine, fixed-rate lending, ADL

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