quick View
- ORDER is gaining ground in the blockchain infrastructure sector, promising innovation in decentralized finance.
- Sale scheduled for June 27, 2024, along with a retroactive airdrop of 100 million ORDER tokens from June 13 to June 27, 2024.
- It raised $20 million in Q2 2022 from investors such as Jump crypto and Sequoia Capital China, reflecting strong confidence.
- Implementation of an omnichain vault on ethereum, enabling cross-chain trading with over $50 billion in trading volume.
- Ambitious roadmap including further network expansions and feature improvements to solidify its place in the DeFi landscape.
Orderly Network, symbolically represented as ORDER, has been making waves in the infrastructure sector of the blockchain universe. Set to revolutionize decentralized finance, this dynamic network invites the curious to explore its website further and engage with its updates on popular social media platforms like Dropstab and twitter.
A big event on the horizon
The buzz around Orderly Network is palpable, with the highly anticipated Token Generation Event (TGE) and distribution scheduled for June 27, 2024 at 1:10 PM. Furthermore, this upcoming token launch promises to be a milestone for the network, cementing its place in the blockchain ecosystem.
Adding to the excitement is the active retroactive airdrop, which began on June 13, 2024 and will run until June 27, 2024. During this period, a whopping 100 million ORDER tokens, equivalent to 10%, will be distributed of the total supply. to eligible participants. This event, which leverages the Near Protocol blockchain, has also garnered interest from the crypto community, marking an auspicious start for Orderly Network.
$20 million raised in Q2 2022 from major investors
Orderly Network's journey has been bolstered by significant financial backing, particularly from its strategic round that concluded in Q2 2022. This private funding round raised an impressive $20 million. Furthermore, investments from prominent entities such as Jump crypto, Sequoia Capital China, crypto.com, and Dragonfly Capital bolstered the latter. Such strong financial support also underlines the confidence that major players have in Orderly Network's potential to reshape decentralized finance.
Omnichain Vault launched on ethereum with a volume of 50 billion dollars
June 13, 2024 marked an important day for Orderly Network as it announced the deployment of its omnichain vault on the ethereum mainnet. This development is a game-changer, enabling seamless omnichain perpetual trading and facilitating cross-chain deposits and withdrawals. Additionally, with over $50 billion in total trading volume, 14+ brokers, and 45+ listed assets, Orderly Network is expanding its reach into leading EVM chains and Layer 2 solutions.
Arjun Arora, COO of Orderly Network, expressed high hopes for the future and stated that this project would become synonymous with Defi's omnichain liquidity layer. Similarly, Ran Yi highlighted the importance of this implementation, noting that it has always been a critical milestone for Orderly Network.
2024 Updates: Mainnet Release and New Features
The year 2024 has been a very active period for Orderly Network, also marked by a series of updates and new feature releases:
May 28, 2024
Testnet and Mainnet launch: The testnet was launched on May 24, 2024, followed by the mainnet on May 28, 2024.
New features: Expansion to Mantle as well as support for USDC.e on the Mantle network.
Updates: Introducing a new WebSocket theme for health status, optional “order tag” parameter in the public campaign user API, and more.
April 16, 2024
New features: Support order support and PnL visibility done in Orders API.
Updates: New WebSocket topics for broker volume per market and new endpoints for checking and verifying referral codes.
March 12, 2024
New features– Specific chain runners and a maximum slippage setting for market orders.
Updates: Refund automation for operations with order tags and updated endpoints for retrieving order tags and reference information.
Orderly Network's ambitious future roadmap
Orderly Network also has an ambitious roadmap, with upcoming milestones that are sure to keep the community engaged. However, the TGE and distribution event on June 27, 2024 and the ongoing retroactive airdrop are just the beginning. The roadmap outlines a series of developments aimed at improving the network's functionality and expanding its ecosystem.
Creating a permissionless liquidity layer for Web3
Orderly Network is not just about commerce. It's also about building a comprehensive, permissionless liquidity layer for Web3 commerce. Furthermore, its robust SDK is a great help for developers. Additionally, it allows seamless integration with various centralized exchanges (CEX), decentralized exchanges (DEX), aggregators, and wallets. This integration is crucial to fostering a cohesive and interconnected business environment.
Furthermore, Orderly Network is carving a niche for itself in the blockchain world with its innovative solutions and strategic developments. Its upcoming token launch and retroactive airdrop are just the tip of the iceberg. With strong investor backing, a series of impressive updates, and a clear roadmap, this project is on its way to becoming a key player in the decentralized finance sector. So, keep an eye on ORDER as it promises to bring order to the world of blockchain trading.
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