Orderly Network Targets AWS-Like Dominance in the Web3 Trading Space

Understanding Orderly Network

Orderly Network offers a decentralized trading infrastructure designed to support various DEXs through an orderbook-based trading system. It provides deep liquidity for both spot and perpetual futures markets, targeting both retail and professional traders. Unlike most Web3 trading protocols that focus on end-users, Orderly operates as a backend service, empowering protocols with its technology.

Operating as a backend service, Orderly Network doesn’t have its own user interface but powers partner platforms with its liquidity and trading tools. Its architecture, initially built on the NEAR blockchain, is expanding to support other blockchains, enabling seamless cross-chain trading. Key features include gasless transactions, customizable fees, and deep liquidity supported by professional market makers.

Unique Selling Propositions

Orderly Network stands out in several areas, particularly in the realm of perpetual futures (perps) trading, a rapidly growing on-chain sector. Orderly’s perps-specific liquidity service enables EVM projects to launch perpetual futures exchanges with deep liquidity readily available. This shared orderbook liquidity allows perps DEXs to access liquidity from multiple sources, with the DEX only needing to build the front end.

One of Orderly’s primary goals is to deliver centralized exchange (CEX)-level performance on-chain, enabling Web3 builders to create seamless trading experiences. The network boasts a matching and routing speed of under 200ms latency for high-frequency trading (HFT), significantly enhancing user experience.

Expansion Beyond NEAR

Originally launched on the NEAR blockchain, Orderly Network is expanding its reach to encompass Layer 2 (L2), Layer 3 (L3), appchains, and non-EVM networks. The next upgrade will enable seamless trading across different chains within the same orderbook, allowing users to place orders on one chain and have them filled with liquidity from another.

Orderly Network’s team, led by financial asset management veteran Ran Yi and seasoned entrepreneur Terence Ng, has been pivotal in its growth. The company has secured significant backing, including a $20M seed round from notable investors such as Pantera Capital and Sequoia China.

Orderly Network’s plug-and-play solution for on-chain liquidity aligns with the composable nature of DeFi, enabling protocols to launch without the need to secure liquidity independently. This capability allows protocols to focus on their core strengths and scale according to demand.

With over 17 DEXs launched using its infrastructure, more than $65B in on-chain volume routed, and significant usage metrics from LayerZero and Celestia, Orderly Network is well on its way to becoming a dominant force in the decentralized trading space.

As the landscape of crypto L2s and specialized verticals such as Bitcoin DeFi evolves, Orderly Network’s efficient and scalable liquidity solutions will be crucial in meeting the growing demands. The company’s vision of becoming the AWS of Web3 is not just ambitious; it’s a testament to its potential to transform the future of decentralized finance.

For more information, visit Orderly Network’s website.

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