Orderly Network Secures $5 Million in Funding
Orderly Network, a liquidity provider in the Web3 space, recently announced securing $5 million in strategic funding. The funding round includes contributions from well-known entities such as OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol.
Addressing DeFi Liquidity Challenges
The primary mission of Orderly Network is to tackle liquidity challenges within the decentralized finance (DeFi) sector by aggregating orders from multiple blockchains into a unified order book.
- Main supported chains include Ethereum, Polygon, Optimism, Base, Arbitrum, and Mantle.
With the new infusion of funds, Orderly Network plans to introduce new products, enhance on-chain liquidity, and prepare for an upcoming token generation event. Token stakers are set to receive 60% of the platform’s net trading fees.
Orderly Network co-founder, Ran Yi, expressed the platform’s commitment to providing unrestricted liquidity for the Omni-DEX and the wider crypto trading ecosystem amidst market fluctuations.
This funding round comes after Orderly’s raise of $20 million in 2022, with significant backers like Three Arrows Capital, Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, Alameda Research, GSR Ventures, and MetaWeb.VC.
Enhancing Liquidity Solutions
Orderly Network is focused on improving liquidity solutions within the DeFi space through innovative approaches:
- Consolidated Orderbook: By merging orders from different blockchains into one platform, Orderly aims to streamline trading activities for users.
- Supported Chains: The platform currently supports Ethereum, Polygon, Optimism, Base, Arbitrum, and Mantle, with plans to expand to additional chains in the future.
- Token Staking: Token stakers will play a crucial role in the platform’s governance and will be rewarded with a significant portion of the trading fees generated on the network.
Future Developments and Expansion
With the recent funding injection, Orderly Network is poised for further growth and development in the DeFi space:
- Product Innovation: The company plans to introduce new products and services that will enhance the overall trading experience for users.
- Liquidity Strengthening: Improving on-chain liquidity will be a key focus area for Orderly Network to ensure seamless trading activities on the platform.
- Token Generation Event: The upcoming event will reward token stakers with a significant share of the platform’s trading fees, incentivizing greater participation and engagement.
Industry Recognition and Support
Orderly Network’s dedication to providing unrestricted liquidity solutions has garnered recognition and backing from industry leaders:
- Market Resilience: The platform remains steadfast in enhancing its infrastructure and sustaining growth momentum, even amidst market volatility.
- Supporting the Crypto Ecosystem: Orderly Network’s commitment to serving the broader crypto trading ecosystem has resonated with key players in the industry, leading to increased support.
Hot Take: Seizing Opportunities in DeFi Liquidity
As a crypto enthusiast looking to maximize your trading experience, keeping an eye on developments in the DeFi liquidity space could present lucrative opportunities. Orderly Network’s strategic funding and focus on enhancing liquidity solutions position it as a key player in the evolving DeFi landscape. Stay informed and explore how innovations in liquidity management can benefit your trading activities.
By
By
By
By
By