Orderly Ecosystem Partner: Wintermute Supports Orderly Network's Top Liquidity

Author: Orderly Network

Orderly, as one of the largest perpetual contract liquidity providers in DeFi, offers the best liquidity in the form of an order book, thanks to our strong pillars behind us—top-tier liquidity providers, with Wintermute being one of them.

Wintermute is a leading global liquidity provider in the industry and a top global algorithmic trading firm in the digital asset space, providing liquidity across all major trading platforms and OTC channels, making it highly competitive in the market.

In simple terms, like Orderly, Wintermute provides the necessary liquidity services for any cryptocurrency trading platform in CeFi and DeFi, utilizing advanced algorithmic trading systems at a large scale.

Wintermute has accumulated a trading volume of over $4.8 trillion, providing liquidity for over 60 exchanges and trading platforms, creating liquid and efficient markets for more than 320 assets, including Binance, Bybit, Coinbase, Uniswap, and Orderly Network.

Orderly is a leader in top-tier liquidity for perpetual contracts in DeFi, and Wintermute plays a crucial role in this.

Many traders focus on transaction fees but overlook liquidity and best prices, which can significantly affect their trading costs. Due to insufficient trading volume and liquidity of certain assets, traders may need to execute orders at worse prices, often resulting in larger spreads for larger trades.

As a professional liquidity provider, Wintermute offers strong liquidity support to Orderly's infrastructure, enabling Orderly traders to execute trades with minimal slippage and smaller spreads.

Orderly Network: At price levels above $61,500, there is over 1.584 Bitcoin in funding. This high liquidity means that trades can be executed with almost no slippage.

Other DEXs: At the same price level, there is only 0.49 Bitcoin in funding. Lower liquidity can lead to increased slippage, resulting in worse trading prices.

Wintermute's efficient liquidity market covers over 50 assets, assisting relevant partners in attracting numerous traders, helping Orderly's total trading volume rise to over $60 billion.

Additionally, the quote data provided by Orderly Network in its order book is precise to the decimal point, with quotes being more accurate than those of other DEXs. Compared to other mainstream DEXs, traders crossing the midpoint only need to pay 0.1 BTC instead of 1 BTC.

Wintermute also shared insights on trading liquidity: Why do traders often overlook top-tier order book liquidity?

A representative from Wintermute stated, "In any market, top-tier order book liquidity is crucial as it largely determines whether trades are executed efficiently without significant slippage. Deep order book liquidity ensures that large orders can be matched quickly and executed at stable prices, which is vital for spreads and trading experience.

However, many traders tend to overlook this aspect because they focus more on overall trading volume or recent trading prices. They may not realize that insufficient liquidity can lead to higher trading costs. When traders execute large orders in shallow liquidity pools, they may encounter greater slippage, negatively impacting their trading outcomes. This is particularly tricky in the perpetual contract market, as leverage can amplify the effects of slippage."

Wintermute stated, "The primary role of liquidity providers is to offer initial liquidity to support trading and market activities. This liquidity ensures sufficient trading volume and smooth asset transactions, attracting traders and investors to execute trades at the best prices. It is worth noting that liquidity providers facilitate price discovery rather than increase price volatility. By providing liquidity, they help new projects establish themselves in the market and gain the trust of the trading community, thereby driving more organic liquidity.

"Wintermute's long-term goal is to work closely with projects, operating on over 60 CeFi and DeFi platforms, and integrating with top aggregators."

What conditions must a crypto project meet to gain the support of a reputable liquidity provider? Regarding the criteria for screening projects, a representative stated, "To gain the support of a liquidity provider like Wintermute, a project must demonstrate solid fundamentals, including a clear vision and an experienced team. We look for projects with innovative technology, application capabilities, and market potential. Transparency is also very important; we value open communication and long-term alignment of interests."