As a seasoned researcher who has witnessed the evolution of blockchain technology over the years, I am genuinely impressed by Orderly Network’s latest move to expand its operations to Solana (SOL). This is a significant stride in cross-chain liquidity management, breaking new grounds by combining EVM and non-EVM orderbooks within a single interface.
In a fresh development, the decentralized finance (DeFi) network called Orderly Network, known for its cutting-edge permissionless liquidity system, has made history by integrating both Ethereum Virtual Machine (EVM) and non-EVM orderbooks under one unified interface. This groundbreaking move, with their Solana (SOL) mainnet now live, opens up unprecedented possibilities for managing cross-blockchain liquidity.
Orderly Network goes beyond EVM, expands to Solana (SOL)
As a crypto investor, I’m excited to share that Orderly Network, a versatile liquidity solution for DeFi, has announced its strategic expansion onto the Solana (SOL) blockchain. This marks a significant milestone, as Orderly Network ventures beyond the Ethereum Virtual Machine (EVM) for the first time. The mainnet launch on Solana signifies an innovative union of EVM and non-EVM orders into one unified perpetual orderbook, paving the way for more seamless cross-chain transactions.
Now live on Solana: Orderly brings you seamless trading opportunities 💜
Trade whatever, wherever.
Imagine a unified exchange platform where all Solana and major EVM chain traders gather. Liquidity – it’s never been deeper, stronger, or more accessible.
To Solana developers: our SDK is here to empower you…
— Orderly Network (@OrderlyNetwork) December 2, 2024
Situated within DeFi (Decentralized Finance), Orderly is pioneering by introducing the first two-chain liquidity mechanism system, which potentially represents a market capitalization of over half a trillion dollars. Now, users can directly trade token assets from each chain without needing to bridge, wrap, or take detours such as intermediary steps.
As a crypto investor, I’ve noticed that while the trading volume on Solana (SOL) is strong in the spot market, there’s a need for growth in the perpetual swaps (Perps) trading landscape as well. The Perps trading volume currently trails behind those of the leading EVM networks, which has been a limiting factor due to the relatively low liquidity available. This lack of liquidity has hindered broader adoption and growth within the Solana ecosystem.
Yi Ran, one of the founders of Orderly Network, extends an invitation to DeFi traders and liquidity managers alike, encouraging them to explore the novel ecosystem personally.
For the first time, Solana users can effortlessly link up with EVM-centric traders to exchange meme coin perpetuals directly, across over 30 DEXes that have been integrated. The process is straightforward and doesn’t involve complex steps like bridging or wrapping. This way, we are able to provide deep liquidity across all chains, enhancing both user experience and trading speed. In essence, this is our vision of enabling anyone to trade anything, anytime, anywhere.
In its latest launch, Orderly Network emerges as the pioneer, offering a chain-agnostic platform for real-time trading of perpetual swaps across various blockchain networks.
Orderly now supports 70+ markets across all blockchains
Spread out on significant Ethereum Virtual Machine (EVM) platforms such as Arbitrum, Base, Mantle, Ethereum Mainnet, Optimism (OP), Polygon, and Solana, Orderly offers traders and decentralized exchanges (DEXes) the chance to tap into more than 70 markets.
The rollout on Solana’s primary network will allow Solana traders, for the first time, to store their assets and engage in trading with partners across all chains that are compatible with Orderly.
Previously reported by U.Today, Orderly Network extended its reach to Polygon’s Proof-of-Stake network during Q2 of 2024, markedly increasing the overall size of its liquidity system.
The advancements made in the Orderly Network’s protocol aim to tackle problems related to isolated liquidity and enhance the user experience and interface, making it more accessible for beginners navigating the Web3 landscape.
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2024-12-02 18:44