Web3 liquidity provider, Orderly Network, has successfully raised $5 million in strategic funding from a range of prominent investors. According to a release shared with BlockchainReporter, the latest round of funding saw participation from notable venture firms such as OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol.
This fresh capital injection comes at a crucial time for Orderly Network, which is committed to addressing the longstanding liquidity challenges within the decentralized finance (DeFi) ecosystem. Orderly Network aggregates orders from various blockchain platforms, consolidating them into a single, unified order book to provide seamless liquidity across multiple chains. Currently, the platform supports major blockchain networks, including Ethereum, Polygon, Optimism, Base, Arbitrum, and Mantle.
Solving DeFi’s Liquidity Problems
One of Orderly Network’s key value propositions lies in its ability to merge orders from numerous blockchains. By creating a unified order book, the platform aims to solve one of the most significant issues in DeFi: fragmented liquidity. As decentralized exchanges (DEXs) and liquidity pools are spread across different blockchains, liquidity often becomes scattered, leading to inefficiencies in trading. Orderly’s solution addresses this by offering unchained liquidity for its Omni-DEX, improving trading efficiency and accessibility.
Speaking on the recent funding round, Orderly Network co-founder Ran Yi emphasized the company’s sustained growth, even amid the fluctuating crypto market conditions. Yi said, “Amid market volatility, Orderly Network continues to enhance its infrastructure and maintain its growth momentum. Our dedication to providing unchained liquidity for the Omni-DEX and the broader crypto trading ecosystem has earned us recognition and support from industry leaders.”
Funding to Fuel Product Development and Growth
The $5 million funding will enable Orderly Network to expand its product suite and improve its on-chain liquidity services. The company has set its sights on developing new DeFi products designed to further streamline decentralized trading and liquidity provision. Orderly is also preparing for an upcoming token generation event (TGE), in which 60% of the platform’s net trading fees will be distributed to Orderly token stakers.
It will position it as a key moment for stakeholders and community members. This strategic use of the new funds highlights Orderly Network’s commitment to both innovation and community-driven growth. As the platform evolves, its ability to capture liquidity from various chains and deliver it to decentralized applications (dApps) in a more cohesive manner will likely position it as a critical player in the DeFi sector.
Backed by Heavyweights in the Crypto Industry
Orderly Network’s journey to becoming a leading liquidity provider has attracted considerable interest from top-tier investors over the years. Prior to this $5 million raise, the company secured $20 million in funding in 2022 from industry giants such as Three Arrows Capital, Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, Alameda Research, GSR Ventures, and MetaWeb.VC.
This consistent backing from major players in both decentralized and centralized finance underscores the market’s confidence in Orderly Network’s long-term vision and technological capabilities. With its mission to deliver a scalable and efficient liquidity solution for the DeFi market, the company has solidified its role as a key innovator within the space.
A Growing DeFi Landscape
The latest funding round also reflects the ongoing investor interest in the DeFi sector, which continues to experience growth despite market volatility. As DeFi protocols evolve, solutions like Orderly Network that aim to enhance liquidity and make trading more efficient are becoming increasingly essential to the ecosystem. With the integration of various blockchain networks and a focus on decentralization, Orderly’s unified order book approach is poised to attract more developers, traders, and liquidity providers to its platform.
By positioning itself as a critical layer in the DeFi infrastructure, Orderly Network aims to strengthen its presence and provide a reliable source of liquidity for decentralized exchanges and applications across the blockchain landscape. With the successful $5 million strategic funding round, Orderly Network is primed to accelerate its growth trajectory in the months ahead.
As it gears up for its token generation event and the launch of new DeFi products, the platform is well-positioned to become a cornerstone of the decentralized trading ecosystem. Through continuous infrastructure improvements and partnerships with key industry players, Orderly Network remains committed to addressing liquidity challenges and creating a more efficient and accessible DeFi environment. The company’s strategic funding and product development efforts are expected to fuel further innovation in the decentralized finance space.
Source: https://blockchainreporter.net/orderly-network-secures-5-million-in-strategic-funding-to-bolster-on-chain-liquidity/