Orderly Network Sets New Trading Volume Record, Surpasses $6 Billion Milestone
July 08 2024 - 7:36AM
Orderly Network proudly announces a significant milestone in its
trading history, having surpassed $6 billion in cumulative trading
volume. This achievement underscores Orderly Network's ongoing
growth trajectory, supported by a robust ecosystem that now
includes 17 DEX and brokerage partners.
According to data from Dune Analytics, as of July 5, Orderly
Network's cumulative trading volume has reached $6.2 billion, with
cumulative net fees exceeding $6.6 million. The rapid growth of
Orderly Network is also reflected in its expanding user base,
currently boasting 372,000 active accounts. This growth is fueled
by ongoing ecosystem expansions and strategic partnerships with
leading DEX platforms and brokers.
Serving as a liquidity layer for Web3 trading, Orderly Network
leverages the Orderly Chain and LayerZero technology to provide
seamless, permissionless liquidity infrastructure. At present,
Orderly makes up 28% of all LayerZero messaging and 40% of
Celestia's volume.
A truly omnichain solution, by consolidating orders from diverse
chains into a single unified orderbook, Orderly Network enhances
trading efficiency, deepens liquidity pools, and tightens market
spreads, effectively meeting the differing needs of traders
worldwide.
Orderly Network currently supports six chains: Polygon,
Arbitrum, Optimism, Base, Ethereum mainnet, and Mantle. This
chain-agnostic approach facilitates liquidity provision, aids in
clearing and settlement processes, and upholds transparency in
DeFi.
Arjun Arora, Chief Operating Officer of Orderly Network,
highlighted the network's mission to unify fragmented liquidity and
support diverse traders amid challenging market conditions. He
stated, "Even in the face of market volatility, Orderly Network
remains steadfast in enhancing our infrastructure and expanding our
reach. Our commitment to providing unified liquidity solutions
enables traders worldwide to navigate markets with confidence."
As Orderly Network prepares for its upcoming token generation
event, achieving this $6 billion trading volume milestone shortly
after launching mainnet underscores the platform's robust position
amidst fluctuating market conditions.
Supporting imagery can be found
here
Orderly Network is a permissionless liquidity
layer for Web3 trading. Built on omnichain infrastructure, Orderly
enables deep liquidity for any asset across multiple blockchains.
Focused on a future of DeFi that's open to all, Orderly empowers
developers to fluidly create a comprehensive array of financial
products for any level of trader, without the risks of wrapped
asset movement through cross-chain bridging. Learn more
at orderly.network
For PR enquiries related to this release, please contact
pr@orderly.network