By enhancing liquidity, simplifying the user experience, and supporting diverse trading solutions, an omnichain trading infrastructure like Orderly Network is transforming the DeFi landscape and paving the way for widespread adoption.
Resolving the Liquidity Dilemma: Orderly Network's Next-Gen Trading Infrastructure Elevates DeFi Efficiency with Institutional-Grade Liquidity
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While the total value of decentralized finance ( DeFi) approaches $100 billion as of June 2024, analysts predict the market will grow six times by 2032.
Despite its potential, DeFi faces challenges like poor user experience on decentralized exchanges ( DEXs) and the limitations of automated market makers ( AMMs), which affect efficiency. Issues such as the lack of limit orders, low capital efficiency, high slippage, and impermanent loss hinder trading and scalability.
Additionally, transaction delays, complex usability, and low transfer speeds are weaknesses of DEXs. Liquidity fragmentation and the heavy reliance on cross-chain bridges further exacerbate user experience challenges within the DeFi market. This complexity deters casual users from seeking simpler and faster trading experiences.
Aware of these challenges, developers at Orderly Network diligently working to create a more comprehensive, user-friendly, and efficient DeFi ecosystem. This includes integrated liquidity to enhance financial operations and drive widespread adoption..
Orderly Network: Unified Liquidity for Seamless Cross-Chain Trading
An omnichain trading infrastructure that unifies liquidity across blockchains, Orderly Network aims to address the DeFi industry’s challenges by offering liquidity and settlement support for any asset, chain and interface. Orderly helps DEXs and traders operate more efficiently, enhancing the trading experience across platforms.
To facilitate these capabilities, Orderly has established the Orderly Chain, serving as the primary settlement layer and ledger for all transactions, encompassing user balances and trading data. Orderly also benefits from the OP Stack, a framework that facilitates the development and deployment of blockchain apps.
The protocol’s backbone, Orderly Chain, leverages Celestia’s data availability to ensure data is always accessible and LayerZero’s cross-chain protocol to enable smooth transfers between blockchains, as the second most active protocol on LayerZero.
With these innovations, Orderly Network ensures seamless operations, even during potential downtimes of the matching engine order book. This resilience allows brokers to manage trading positions and user balances confidently, maintaining uninterrupted service. Orderly’s system creates a platform that transcends individual blockchains, enhancing trading efficiency, expanding liquidity depth, tightening spreads, and enabling cross-network capabilities unprecedented in DeFi, akin to the operational model of a CME in traditional finance.
Enhancing Trading Efficiency Across Platforms
Wallets and custodians can connect to provide users with the best swap rates for major assets and build custom swap widgets powered by Orderly’s ecosystem. Trading desks and sophisticated traders can use Orderly’s API for a centralized exchange-level experience with low-latency order execution.
Spot aggregators can utilize Orderly’s extensive liquidity to achieve the best market rates, drive volume and earn trading fees. Perpetual aggregators can access Orderly’s shared order book and liquidity, creating front-ends that integrate with the perpetual ecosystem.
Games and decentralized applications ( dApps) can enhance user experience by integrating Orderly’s in-game swap widget for seamless token swaps. Trading bots can access top spot and perpetual rates with features like stop-loss and limit orders, gasless transactions and customizable fees.
Additionally, Orderly provides hedging tools to safeguard positions on other exchanges through its comprehensive order book, ensuring efficient risk management.
Boosting Liquidity and Attracting Thousands of Investors
Achieving rapid growth, Orderly Network has surpassed important milestones, including a cumulative transaction volume of more than $50 billion, and a 100% increase in total value locked (TVL), reaching $40 million in just one month.
Orderly, which has deployed vaults in six major blockchain ecosystems —Near, Polygon, Arbitrum, Optimism, Base and Mantle— has also expanded its infrastructure. The Orderly Network is also live on the Ethereum mainnet, allowing users to trade directly from the base layer for a seamless experience. Deposits and withdrawals between Ethereum and any supported chain are now simplified. Supporting more than 14 DEXs, Orderly Network ranks among the top five in data aggregator DeFiLlama’s lists.
Highlighting the importance of liquidity in the dynamic DeFi field, Ran Yi, co-founder of Orderly Network, said, “As omnichain pioneers, we empower diverse users with liquidity and settlement support for any asset, any chain, or any interface.” He added, “We’re thrilled to see how this next phase unfolds and to continue pushing the boundaries of DeFi trading together.”
Omnichain SDK, Token Launch, and Future Plans
Orderly has launched its Omnichain SDK, which is designed to simplify the development of perpetual protocols and advanced trading tools for EVM developers. This toolkit functions like a plug-and-play system, allowing developers to quickly and easily build order book-based perpetual DEXs, significantly reducing development time and effort for Web3 teams.
In preparation for its token launch, Orderly Network has introduced “The Road to the Order” campaign. This gamified initiative rewards active traders with “Merits” for each trade, which will contribute to their share of the upcoming airdrop following the token generation event. The campaign, currently in its X epoch, has already engaged over 57,000 weekly active traders. Users can track their progress and rewards through a dedicated webpage.
Looking ahead, Orderly Network will focus on enhancing platform capabilities and user experience in the second half of 2024. Key initiatives include introducing isolated margins to improve risk management and trading flexibility. Margins allow traders to allocate specific amounts of margin to individual positions, effectively limiting potential losses to the margin set for each trade.
Another important addition is the multi-collateral functionality, which will significantly increase the platform’s versatility and inclusiveness. With this feature, investors can use a wide variety of assets as collateral for their positions.
Additionally, Orderly Network plans to integrate on-chain oracles into its ecosystem. This integration will enhance the platform’s reliability and security by providing continuous, transparent and diversified data sources for pricing. As Orderly continues to roll out new features and expand its reach, the platform promises to facilitate smoother and more efficient trading and redefine the standards for liquidity and risk management in DeFi.
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