Background
Centralized exchanges (CEX) such as Coinbase, Binance, and Kraken have thrived as preferred platforms for cryptocurrency traders, shaping much of our industry’s history. Users are drawn to these products primarily for their robust liquidity and compelling user experience (UX) — a known pain point for decentralized exchanges (DEX).
But what if there was an exchange that combined CEX speed and liquidity with the transparency, sovereignty, and settlement of decentralized finance (DeFi)?
This is the core idea behind Orderly Network.
Orderly Network is establishing a trading infrastructure to address historical pain points of early DeFi applications, pooling liquidity. Orderly creates an efficient and reliable trading ecosystem offering superior price discovery, lower slippage, deeper liquidity, and execution speeds comparable to CEX, while retaining the advantages of DeFi.
Introduction
Orderly is an L2 solution providing:
Order book-based trading: Similar to CEX, Orderly uses an order book to match buyers and sellers, ensuring smooth and efficient transactions.
Cross-chain liquidity: Aggregating liquidity from various blockchains, Orderly provides broader asset pools and narrower spreads.
High-speed execution: Prioritizing swift transaction execution to minimize latency and friction.
Orderly employs a unified order book where users trade on different chains but within the same order book, eliminating the need for bridging.
Orderly itself plays a pivotal role in enhancing the overall efficiency and reliability of DeFi trading, quickly becoming a major liquidity source for permissionless Web3 transactions.
Key Achievements and Impact
Orderly Network has catalyzed significant waves in the DeFi space:
Total trading volume exceeding $50 billion
Integration across six major blockchains (Arbitrum, Optimism, Polygon, Base, etc.)
Total value locked (TVL) surpassing $56 million
Over 215,000 unique wallet addresses
Future of DeFi Trading
With its innovative infrastructure and strong partnerships, Orderly Network aims to become a key player in future DeFi trading. Several factors set them apart from existing competitors:
Cross-chain capabilities: Supporting seamless transactions across different blockchains, giving users more choices.
On-chain settlement: All transactions settle on a secure dedicated blockchain, ensuring transparency and finality.
Support for DeFi projects: Providing institutional-grade liquidity for spot trading and perpetual contracts.
Their collaborative ecosystem includes WOOFi, LayerZero, NEAR, Optimism, Arbitrum, Base, Elixir, Polygon, among others.
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Source Link:
https://www.jinse.cn/blockchain/3689783.html
