CORRECTION -- Orderly Network Ltd.
July 08 2024 - 11:58AM
In a release issued on Monday, July 8 by Orderly
Network Ltd., please note that "$6 Billion Milestone" in the
headline and throughout the release should be "$60 Billion
Milestone." In paragraph two, "According to data from Dune
Analytics, as of July 5, Orderly Network's cumulative trading
volume has reached over $6.2 billion..." should read "According to
data from Dune Analytics, as of July 8, Orderly Network's
cumulative trading volume has reached over $63 billion..." The
corrected release follows:
Orderly Network Sets New Trading Volume
Record, Surpasses $60 Billion Milestone
Orderly Network proudly announces a significant
milestone in its trading history, having surpassed $60 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 8, Orderly
Network's cumulative trading volume has reached over $63 billion,
with cumulative net fees exceeding $6.7 million. The rapid growth
of Orderly Network is also reflected in its expanding user base,
currently boasting 378,000 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 $60 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