A Quick Overview of the Decentralized Trading Protocol Orderly Network
Orderly Network addresses the historical shortcomings of early DeFi applications by building a trading infrastructure that aggregates liquidity.Author: Paul, Pantera Capital
Compiled by: ChainCatcher
Background
In the history of our industry, centralized exchanges (CEXs) like Coinbase, Binance, and Kraken have always been the preferred choice for cryptocurrency traders. Users tend to favor these products mainly due to their strong liquidity and appealing user experience (UX), which are well-known pain points of traditional decentralized exchange (DEX) applications.
But what if there was a trading venue that combined the speed and liquidity of CEXs with the transparency, asset autonomy, and settlement of decentralized finance (DeFi)?
That is the core idea behind Orderly Network.
Orderly Network addresses the historical shortcomings of early DeFi applications by building a liquidity-aggregated trading infrastructure. Orderly creates an efficient and powerful trading ecosystem with better price discovery, lower slippage, deeper liquidity, and execution speeds comparable to CEXs—while maintaining the advantages of DeFi.
Introduction
Orderly is a Layer 2 (L2) solution that offers:
- Order book-based trading: Similar to CEXs, Orderly uses an order book to match buyers and sellers, ensuring smooth and efficient transactions.
- Cross-chain liquidity: Orderly aggregates liquidity from various blockchains, providing a broader asset pool and tighter spreads.
- High-speed execution: Orderly prioritizes fast trade execution, minimizing transaction delays and failures.
Orderly uses a unified order book; users trade across different chains but within the same order book, eliminating the need for bridging.
Orderly plays a significant role in enhancing the overall efficiency and robustness of the DeFi trading environment and has quickly become one of the largest sources of liquidity for permissionless Web3 trading.
Major Achievements and Impact
Orderly Network has already made significant waves in the DeFi space, including:
- Over $50 billion in total trading volume
- Integration with six major public blockchains (Arbitrum, Optimism, Polygon, Base, etc.)
- Over $56 million in total locked value (TVL)
- A user base of over 215,000 unique wallets
The Future of DeFi Trading
With its innovative infrastructure and strong partnerships, Orderly Network is poised to become a major player in the future of DeFi trading.
What sets them apart from existing competitors is:
- Cross-chain capabilities: Orderly facilitates seamless trading across different blockchains, maximizing user choice.
- On-chain settlement with Orderly: All transactions are settled on a secure and dedicated blockchain, ensuring transparency and finality.
- Support for DeFi projects: Orderly provides institutional-grade liquidity for spot and perpetual trading for DeFi projects.
Their partner ecosystem includes WOOFi, LayerZero, NEAR, Optimism, Arbitrum, Base, Elixir, Polygon, and more.
Join the Orderly Network community for more updates and become part of the DeFi trading revolution.
