IrisApp Brings Automated Limit Orders to Robinhood Chain

IrisApp has added automated limit orders to its platform on Robinhood Chain, allowing traders to set buy and sell targets for any token on the network. This feature is now live after a period of testing, which began just weeks after Robinhood Chain launched its public mainnet on July 1.

The automated limit order functionality lets users pick a token, set a target price, and let the protocol handle execution. If the price hits the mark, the trade fires. If it doesn't, nothing happens.

IrisApp operates under the broader Iris Ecosystem and charges a 0.25% fee on swaps. Those fees flow directly to IrisDAO, the project's decentralized governance treasury.

This development is notable because limit orders are table stakes on centralized exchanges, but they're surprisingly hard to pull off on-chain without some centralized middleware gumming up the works. By offering a fully on-chain execution model, IrisApp is pitching itself as a more seamless and efficient trading platform.