Raydium Integrates with Orderly Network to Launch Perpetual Futures Trading on Solana

  • In December, Orderly Network deployed its omnichain orderbook on Solana, enabling the integration with Raydium Protocol.
  • Orderly-powered perpetual futures trading will increase the variety of trading possibilities on Raydium.

Raydium, the leading Solana DEX, has partnered with Orderly Network to provide perpetual futures trading, which will be powered by Orderly’s omnichain orderbook. Raydium is the first DEX in the Solana ecosystem to use Orderly’s advanced perps liquidity solution, making the integration a significant milestone.

Raydium is a major player in Solana spot trading, with 8.4 million active users, including approximately 600,000 daily active traders. By ensuring access to leveraged futures trading with deep liquidity, Orderly-powered perpetuals will increase the variety of trading possibilities on Raydium.

Based on the Solana blockchain, Raydium is a prominent automated market maker (AMM) and decentralized exchange. Raydium provides deep liquidity and a range of DeFi tools, such as spot trading, yield farming, and liquidity pools, by fusing an excellent user experience with a secure architecture. Raydium is spearheading the development of decentralized finance on Solana with more than 8.4 million active users and a strong emphasis on innovation.

The Orderly Network is a Web3 trading permissionless liquidity layer. Orderly, which is based on omnichain infrastructure, allows for deep liquidity for any asset on many blockchains. With an eye toward an inclusive DeFi future, Orderly enables developers to easily produce a wide range of financial products for traders of all skill levels without having to worry about the risks associated with wrapped asset movement through cross-chain bridging.

In December, Orderly Network deployed its omnichain orderbook on Solana, enabling the integration with Raydium Protocol. Since its mainnet launch, Solana protocols have been able to use Orderly’s sophisticated omnichain infrastructure to get liquidity from over 30 DEXs and 73 perpetual contracts.

Orderly Network Co-Founder Ran Yi said:

“Raydium’s integration with Orderly Network is a game-changer for Solana’s DeFi ecosystem. Combining Raydium’s best-in-class UI and battle-tested protocol with Orderly’s omnichain liquidity infrastructure will enable deeper liquidity and more dynamic trading options. This collaboration is a significant step forward in bringing advanced perpetual trading solutions to the Solana blockchain and creating new markets for traders.”

By using Orderly’s technology to build everlasting futures markets, Raydium will increase trading opportunities on Solana and broaden its range of DeFi primitives. Due to a lack of liquidity and poorly designed infrastructure, Solana has fallen behind EVM networks in terms of perps, even if it dominates spot trading.

By combining all orders into a single shared orderbook that spans many blockchains, Orderly Network’s cloud liquidity infrastructure fills this gap. By removing the restrictions that have traditionally hindered perps trading on Solana, this unified liquidity pool helps to increase trade efficiency, supply deeper liquidity, and give narrower spreads.

A new phase in the development of Solana’s DeFi landscape is marked by the integration of Raydium with Orderly Network, which gives traders access to more vibrant and liquid markets.

Source: https://thenewscrypto.com/raydium-integrates-with-orderly-network-to-launch-perpetual-futures-trading-on-solana/