What is Orderly? Understand Orderly Network in one article

What is Orderly? Understand Orderly Network in one article! Orderly itself plays an important role in improving the overall efficiency and reliability of DeFi trading, quickly becoming one of the largest sources of liquidity for permissionless Web3 trading. So what is Orderly? What is the future development of Orderly? Today the editor of this website will share with you what is Orderly? What is the future of Orderly? Let’s take a look if you need it!

1. Background

Centralized exchanges (CEX) such as Coinbase, Binance, and Kraken have thrived as the first choice for cryptocurrency traders, writing much of the history of our industry. Users are attracted to these products primarily because of their strong liquidity and compelling user experience (UX)—which are well-known major pain points for decentralized exchange (DEX) applications.

But what if there was a trading venue that combined the speed and liquidity of CEX with the transparency, sovereignty and settlement of decentralized finance (DeFi)?

This is the core concept of Orderly Network.

Orderly Network is solving the legacy issues of early DeFi applications by building a trading infrastructure that can aggregate liquidity. Orderly creates an efficient and reliable trading ecosystem with better price discovery, lower slippage, deeper liquidity, and execution speeds comparable to CEX, while maintaining the advantages of DeFi.

2. Introduction

Orderly is an L2 solution that provides:

• Order book-based trading: Similar to CEX, Orderly uses an order book to match buyers and sellers, ensuring smooth and efficient transactions.

• Full-chain liquidity: Orderly aggregates liquidity from various blockchains, providing a wider asset pool and smaller spreads.

• High-Speed ​​Execution: Orderly prioritizes fast trade execution, minimizing delays and friction.

Orderly uses a unified order book; users trade on different chains, but in the same order book, which eliminates the need for bridging.

Orderly itself plays an important role in improving the overall efficiency and reliability of DeFi trading, quickly becoming one of the largest sources of liquidity for permissionless Web3 trading.

3. Main achievements and impact

Orderly Network has set off a huge wave in the DeFi field:

• The total transaction volume exceeds 50 billion US dollars
• Integrated six major blockchains (Arbitrum, Optimism, Polygon, Base, etc.)
• Total value locked (TVL) over $56 million
• Over 215,000 unique address wallet user base

4. The future of DeFi trading

With its innovative infrastructure and strong partnerships, Orderly Network It is expected to become a major player in DeFi transactions in the future.

The following points make them stand out from existing competitors:

• Cross-chain capabilities: Orderly supports seamless transactions across different blockchains, giving users more choices.

• Orderly on-chain settlement: All transactions are settled on a secure, dedicated blockchain, ensuring transparency and finality.

• Support DeFi projects: Orderly provides institutional-grade liquidity for DeFi projects for spot trading and perpetual contract trading.

Their cooperative ecosystem includes WOOFi, LayerZero, NEAR, Optimism, Arbitrum, Base, Elixir, Polygon, etc.

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