DeFi
Orderly Network Sets New Transaction Volume Record, Surpasses
NEW YORK, July 08, 2024 (GLOBE NEWSWIRE) — Orderly Network is proud to announce a significant milestone in its trading history, having surpassed $6 billion in cumulative trading volume. This achievement underscores Orderly Network’s continued growth trajectory, supported by a robust ecosystem that now includes 17 DEX and brokerage partners.
According to data from Dune AnalyticsAs of July 5, Orderly Network’s cumulative trading volume reached $6.2 billion, with cumulative net fees exceeding $6.6 million. Orderly Network’s rapid growth is also reflected in the expansion of its user base, which currently stands at 372,000 active accounts. This growth is fueled by the continued expansion of the ecosystem and strategic partnerships with leading DEX platforms and brokers.
As a liquidity layer for Web3 trading, Orderly Network leverages Orderly Chain and LayerZero technology to provide a transparent, permissionless liquidity infrastructure. Orderly currently accounts for 28% of all LayerZero messages and 40% of Celestia volume.
A truly omni-chain solution, by consolidating orders from various chains into a single unified order book, Orderly Network improves trading efficiency, deepens liquidity pools and tightens market spreads, effectively meeting the different needs of traders around the world.
Orderly Network currently supports six chains: Polygon, Arbitrum, Optimism, Base, Ethereum mainnet, and Mantle. This chain-agnostic approach facilitates liquidity provisioning, assists with clearing and settlement processes, and maintains transparency in DeFi.
Arjun Arora, COO of Orderly Network, highlighted the network’s mission to unify fragmented liquidity and support diverse traders in challenging market conditions. He said, “Even in the face of market volatility, Orderly Network remains committed to improving its infrastructure and expanding its reach. Our commitment to providing unified liquidity solutions allows traders around the world to navigate the markets with confidence.”
As Orderly Network prepares for its upcoming token generation event, reaching this milestone of $6 billion in trading volume shortly after the mainnet launch underscores the platform’s strong position in volatile market conditions.
Supporting images can be found here
Ordered network is a permissionless liquidity layer for Web3 trading. Built on an omnichain infrastructure, Orderly enables deep liquidity for any asset across multiple blockchains. Focused on a DeFi future that is open to all, Orderly allows developers to seamlessly build a full suite of financial products for any level of trader, without the risks of wrapped asset movements via cross-chain bridges.
For more information, visit ordered network
For public relations inquiries regarding this release, please contact pr@orderly.network