Orderly Network Concludes Exclusive Crypto Trading Competition with @lBattleRhino Named Champion

A high-stakes competition among elite traders

Orderly Network recently concluded its landmark trading competition, the World Series of Trading (WSOT) X Crypto Championships, with @lBattleRhino emerging as the winner. The competition, which spanned four weeks from July 15 to August 12, 2024, brought together 12 elite traders known for their presence on 𝕏 (formerly Twitter). These traders competed on various Orderly-powered decentralized exchanges (DEXs), including WOOFi Pro, IBX, LogX Pro, VOOI, and OXMarkets, each starting with a collateral of $10,000.

WSOT starts today 👑

Who gets liquidated first? @satsdart@ByzGeneral@Timeless_Crypto@theo_crypto99@CL207@zhusu@nanixbt@lbattlerhino@DefiSquared@gametheorizing@izebel_eth@thiccyth0t pic.twitter.com/WwaWHIY1i5

— Orderly Network (@OrderlyNetwork) July 15, 2024

The competition’s unique format, inspired by Formula 1’s point system, awarded points across four one-week ranking sessions. This approach encouraged consistent performance and creative trading strategies, offering both participants and spectators a series of unpredictable and thrilling moments.

Thrills, spills, and ultimate victory

Throughout the competition, traders navigated turbulent market conditions that tested their skills and strategies. One of the most dramatic moments occurred in the first week when @thiccyth0t, a popular crypto trader, was eliminated while shorting $WLD on VOOI. Despite the unpredictability, @lBattleRhino managed to secure the top spot, earning a grand prize of $100,000 in USDC. Notable mentions go to @gametheorizing and @satsdart, who claimed second and third places, winning $50,000 and $25,000 respectively.

Jordi Alexander, CEO of Selini Capital and the second-week leader, reflected on the competition, noting the blend of game theory and trading acumen required to outmaneuver opponents. Alexander emphasized the strategic depth of the competition, underscoring the significance of considering competitors’ moves while maintaining strong trading performance.

Showcasing Orderly Network’s infrastructure

The WSOT X Crypto Championships not only highlighted individual trading prowess but also demonstrated the strength of Orderly Network’s infrastructure. Despite the market volatility, Orderly’s top-tier liquidity withstood the pressure, with 24-hour trading volumes surpassing $1.5 billion during the competition. This resilience underscored Orderly Network’s position as a foundational layer for decentralized finance (DeFi) and its potential to support a wide range of financial products across multiple blockchains.

Ran Yi, Co-Founder of Orderly Network, praised the competition’s success, stating that it was a valuable opportunity to test and refine the network’s capabilities. Yi also hinted at future iterations of the WSOT, promising even more excitement and innovation in the next version.

The bottom line

The WSOT X Crypto Championships provided a thrilling showcase of elite trading talent and the robustness of Orderly Network’s infrastructure. As the competition concludes, the anticipation builds for what Orderly Network will bring next, both in terms of trader engagement and DeFi innovation.

Learn more here.