Orderly Network Has Successfully Launched $ORDER Token

Orderly Network, an innovative L2 that offers trading infrastructure and an omnichain liquidity layer, launched its highly anticipated $ORDER token on August 26, 2024. As the TGE approaches, Orderly is solidifying its position as a leader in DeFi, emerging as the second most active protocol on LayerZero Labs – recently crossing over 1M messages – and the largest, most efficient user of Celestia for data availability.

Orderly Network offers an orderbook-based trading infrastructure and an omnichain liquidity layer, equipping DeFi projects with institutional-grade liquidity for both spot and perpetual trading across a diverse range of assets.

Orderly Network ensures seamless trading via an orderbook across multiple networks, guaranteeing liquidity and achieving high execution speeds. This combination delivers a CEX-like trading experience while ensuring self-custody and transparency with all trades settled on the Orderly Chain. Orderly leverages Celestia for modularity and Layerzero for secure cross-chain messaging.

With over 20 DEXs and even major CEXs like WOO, BTSE, and AscendEX leveraging its infrastructure, Orderly Network is rapidly emerging as the ultimate destination for DEX building and the permissionless liquidity layer for all Web3 trading.

Key Achievements and Milestones

• Over $80 billion in total trading volume
• Deployment on six major blockchain networks
• More than $50 million in Total Value Locked (TVL)
• A user base exceeding 290k unique wallets
• Orderly Network’s robust infrastructure is bolstered by key partnerships and integrations, having onboarded 20 brokers, listed 50+ EVM perp symbols, and launched its first user-facing product, Orderly Quantum Pools. Noteworthy collaborations with industry giants such as Google Cloud, OP, LogX, Celestia, and LayerZero further reinforce Orderly’s mission to supercharge the future of omnichain perps trading on any chain, any asset, any interface –all settled on Orderly Chain.

The Orderly Chain serves as the settlement and ledger for all transactions (i.e. transaction data, user data balances, and trading data) on Orderly Network, maintaining seamless operations even in the unlikely event of a downtime to the matching engine orderbook. This resilience means that brokers on Orderly Network can confidently manage trading positions and user balances, ensuring uninterrupted service. With all trades settled on the Orderly Chain, Orderly unlocks cross-netting capabilities previously unavailable in DeFi, similar to the function of the CME in TradFi.

Arjun Arora, COO Orderly Network, speaking on the upcoming launch echoed;
As we prepare for this pivotal moment in our journey, we are eager to reward our earliest supporters who have been instrumental in our growth. The launch of our token is not just a milestone for Orderly Network, but a celebration of our community’s contributions and a look ahead to the future. We are excited to see the evolution of Orderly and the transformative impact it will have on DeFi trading.

Some DEXs and Products Powered by Orderly

• Quickswap;
• Elixir;
• WOOFi Pro;
• LogX.

Orderly Merits Campaign: The Road to the Order

As part of the build-up to its token launch, Orderly Network introduced “The Road to the Order” campaign, a gamified initiative designed to engage and reward active traders with “Merits.” The campaign enabled traders to earn Merits with every trade, contributing to their portion of the upcoming airdrop this August, post-TGE. Users are now able to view their earned merits and claim their airdrop once $ORDER goes live.

The campaign averaged over 50,000 weekly active traders, spread across six tiers of active trading within the Orderly Merits program.

For additional details on the campaign earned Merits, visit the Road to The Order and Merits Status pages.

“We are incredibly excited for Orderly Network to become more community-owned as we move forward. This token launch represents a significant step in our journey, allowing us to reward our earliest supporters and engage with our growing community in new and meaningful ways. We’re thrilled to see how this next phase unfolds and to continue pushing the boundaries of DeFi trading together.” said Ran Yi, Co-founder, Orderly Network.

Orderly Network’s rapidly increasing ecosystem, alongside its innovative trading infrastructure, sets up its token launch event as one of the most anticipated drops this summer. By creating an innovative L2 with high-speed execution, omnichain liquidity, and an intuitive orderbook interface, Orderly Network is not only enhancing the trading experience but also setting new standards for efficiency, security and performance in DeFi trading.

Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.