Using layer 2 solutions constructed with the Optimism Stack and LayerZero Labs assistance, Orderly Network offers users an orderbook across all blockchains.
What Is the Orderly Network ?
Orderly Network offers an environment for spot trading and perpetual futures by combining an orderbook-based trading infrastructure with a liquidity layer. With its SDK, the platform makes project development easier by providing developers with a range of necessary services and tools.
Customers can access the ecosystem’s liquidity pool via Orderly Network’s white-label DEX solution, which optimizes time and capital. This preserves asset self-custody, permits on-chain settlements, and gives investors access to the finest features of centralized exchanges (CEX).
Without requiring extensive knowledge, anyone can easily construct trading applications using the SDK. Creating an omnichain protocol that links traders to both EVM and non-EVM chains within a single orderbook is the project’s goal. Numerous well-known projects, including Base, Optimism, LayerZero, NEAR, Polygon, and Arbitrum, are partnered with Orderly Network.
The platform, which is giving out 1,000 USDC, Orderly Galxe Points, and NFTs for its airdrop program, is receiving a lot of interest from the community. Presently, Orderly Network has more than 200,000 users and more than $34.41 billion in total trade volume.
Use cases for Orderly Network
- Brokers: By utilizing the project’s experienced trading infrastructure and pre-existing liquidity pool, users can effortlessly establish spot DEX, perpetual futures (Perps) DEX on NEAR, and Constant Futures DEX on EVM.
- Spot Aggregators: Orderly Network gives investors access to deep liquidity so they can trade more, obtain the best market prices, and split the trading fee income.
- Perps Aggregators: Traders can immediately access the total liquidity of the Orderly Perps ecosystem by utilizing the orderbook and shared liquidity.
- Wallets and custodians: Orderly offers the best swap rates to end customers, opening doors for ecosystem project expansion.
- Exchanges and professional traders: Enjoying a low-latency orderbook trading experience akin to CEX by utilizing the platform’s API.
- Games/dApps: Orderly Network facilitates direct and simpler token transfers without requiring platform switching by integrating a range of services to improve user experience.
- Trading bots: To give users the best buy and sell rates, Orderly Network links the orderbook with trading bots. Depending on trader settings, bots manage all buy/sell orders and gas charge payments automatically.
- Hedging funds: By utilizing the orderbook and offering sensible hedging techniques, the fund assists in safeguarding customer positions on the exchange.
Benefits of Orderly Network
- Unified orderbook and liquidity: By virtue of the project’s unified trading infrastructure and liquidity, users have unique access to all main chains.
- Easy and quick development: By using the SDK, developers can launch within 1-2 weeks while saving time and money.
- Available liquidity: Because leading market makers back Orderly Network’s orderbook, there will never be a liquidity shortage, so participants don’t have to worry about it.
- Revenue sharing:A mechanism wherein developers receive a portion of the money generated by end-user trading fees.
- CEX-level performance: For high-frequency trading techniques, the platform guarantees low-latency order matching. Users retain total control over their cryptocurrency assets, and the system automatically keeps track of every transaction on the chain to improve transparency.
- Minimal trading fees: Only storage fees on NEAR or trade key activation are charged to investors; they are not charged for deposits.
- Gasless trading: After depositing funds, paying storage costs (on NEAR), and activating trade keys, there are no gas fees associated with gasless trading.
- Simple operation: No extra permissions or signatures are required for buying and selling operations; instead, a fresh trading key pair is generated at the beginning of every session.
- Assets under user control: Through Orderly Network, tokens can only be seen, traded, and transferred by individuals who own private keys.
The ecosystem is vast, with projects devoted to reciprocal development, knowledge exchange, and accomplishments for long-term gains.
Roadmap
- Q1:
- Develop TP/SL order.
- Update fee structure.
- Support Polygon PoS and smart contract trading.
- Deploy liquidity bots.
- Upgrade open-source SDK.
- Q2:
- List DEX tokens.
- Upgrade Strategy Vaults.
- H2:
- Introduce Isolated Margin.
- Use multi-collateral.
- Create on-chain oracles.
- Improve cross-chain infrastructure.
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