In a recent Ask Me Anything (AMA) session on our Official Telegram Channel, we invited Arjun Arora, COO of Orderly Network to share some insights on some of the problems they’re solving with trading and liquidity.
Orderly calls itself cloud liquidity infrastructure that is reshaping the trading landscape.
Below, we provide a recap of our interview, highlighting the significant steps Orderly has made so far and their plans for the future.
An Introduction to Orderly Network
Source: Orderly Network
What is Orderly?
Orderly Network is designed to revolutionize trading by consolidating all orders into a unified shared orderbook across multiple blockchain ecosystems.
This infrastructure enhances trading efficiency, liquidity depth, and tighter spreads, paving the way for a more seamless trading experience. Many decentralized exchanges, such as BTSE DEX, are built on Orderly Network.
How Can We Better Understand Cloud Liquidity? What Exactly Does It Do?
Cloud liquidity refers to a flexible solution that aggregates market liquidity across various platforms, enabling efficient trading through its cloud-based infrastructure.
With an omnichain backbone, Orderly empowers developers to innovate in DeFi while minimizing risks associated with cross-chain transactions. In short, it doesn’t really matter which chains these exchanges and tokens are built on because they’re compatible for trading and deposits across chains.
What’s Orderly’s Business Model and Profitability?
Orderly Network operates as a leading cloud liquidity infrastructure provider. By offering a plug-and-play solution for builders, Orderly has already generated over $18 million in revenue, sharing trading fees with decentralized exchanges (DEXs) and market makers.
Notable Achievements
Orderly Network has marked several significant milestones in its journey:
- In June of 2022, the project successfully raised $20 million in seed funding from top venture capital firms, enabling its ambitious growth plans.
- Back in October of 2022, Orderly launched its mainnet on the NEAR blockchain, establishing a robust foundation for its operations.
- Additionally, a strategic partnership with Fireblocks was formed to enhance liquidity access for institutional users, further solidifying Orderly’s position in the market. The introduction of the Orderly Chain as a settlement layer for all transactions has streamlined operations, providing a more efficient trading environment.
- As of August 2024, Orderly has surpassed $80 billion in trading volumes and accumulated over 427,000 accounts, showcasing the platform’s broad appeal and success.
Target Users and Use Cases
Orderly’s platform is designed to benefit a diverse range of users, including decentralized exchanges (DEXs) that enjoy improved price discovery and trading experiences, DeFi aggregators that gain access to unified liquidity pools, and institutional platforms that utilize tools for algorithmic trading and risk management.
Centralized exchanges (CEXs) can develop DEX counterparts, while derivatives platforms can leverage enhanced trading features on-chain. Additionally, trading bots can take advantage of competitive rates and customizable trading options. The main goal is to provide CEX-level performance with the flexibility of a DEX.
Tokenomics of $ORDER
The $ORDER token, launched on August 26 of 2024, serves multiple purposes, including providing governance rights that allow holders to participate in decision-making, enabling users to earn VALOR (a metric of measure for each user’s $ORDER staking position, based on amount and duration for the stake, more details here) rewards based on their staking positions, and offering enhanced trading and market-making rewards that increase potential earnings through staking. Details on token allocation and additional utilities will be shared as the project continues to evolve.
$ORDER Token Allocation. Source: Orderly Network
Passive Income Opportunities for Retail Users
Retail users can earn passive income through staking $ORDER and $esORDER tokens, where 60% of net fees accrued are allocated to the treasury pool. This provides not only strong liquidity provision within liquidity pools, but also an attractive prospect for users; in the near future, there will be earn products developed through collaborations with partners.
$ORDER Token Emission Schedule. Source: Orderly Network
Upcoming Features and Updates
Key updates on the horizon for Orderly include the introduction of isolated margin for enhanced risk management for traders, the implementation of multi-collateral options to broaden access for users with diverse asset portfolios, and the integration of on-chain oracles to improve reliability and pricing transparency.
Strategic Investments and Future Development Plans
Orderly plans to enhance its ecosystem by expanding support to include prominent blockchains like Solana, integrating additional cross-chain protocols to lower costs and transaction times, and diversifying collateral options by incorporating various assets such as BTC, ETH, and SOL.
Earlier this August, Orderly recently raised $5 million in strategic funding from the likes of OKX Ventures, Manifold Trading, Nomad Capital and more; this will bolster Orderly’s capabilities by focusing on the development of multi-collateral features, the integration of on-chain oracles, and enhancements to cross-chain infrastructure.
Questions and Answers From the BTSE Community
Q: According to the project’s roadmap – what are your most important next priorities?
A: The first EVM and Non-EVM unified orderbook!
Q: What are the ways that your project generates profit/revenue to sustain your project and what is its revenue model? How can it be mutually beneficial for both the investor and your project?
A: We work on a revenue share model and 60% of all revenue orderly makes goes to stakers.
Q: What is your strongest advantage that you think will make your team lead the market?
A: Large tech team, lots of ideas. Great execution. Big focus on innovation at the same time.
Conclusion
Orderly Network is poised for significant growth, with a robust infrastructure and innovative features aimed at reshaping the trading experience for the DeFi sector.
As it continues to expand its offerings and ecosystem, both developers and users stand to benefit from a more efficient and integrated approach to liquidity in the DeFi landscape.
We can’t wait to see what the future holds for Orderly Network!
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Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at support@btse.com or on X @BTSE_Official.
Disclaimer: BTSE blog content is intended solely to provide varying insights and perspectives. It does not constitute financial, legal, or investment advice and should not be relied upon as such. The views expressed are not necessarily those of BTSE. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Trading involves substantial risk due to market volatility, and past performance is not indicative of future results. Always trade with caution and consider seeking advice from a qualified professional before making any financial decisions.
