As a seasoned crypto investor with roots deeply entrenched in TradFi, I find the recent expansion of Orderly Network to Solana Network particularly intriguing. With my extensive background in traditional finance, I see parallels between the Chicago Mercantile Exchange (CME) and what Orderly Network is aiming to achieve with their omnichain offering – creating a decentralized trading ecosystem that transcends borders and blockchains.
The decentralized finance (DeFi) protocol, Orderly Network, has broadened its horizons by successfully deploying its omnichain vault on the Solana network. This new development is called Orderly Unity, and it focuses on unified liquidity, a key feature of the services provided by Orderly Network within the DeFi sector. By integrating Solana as one of its supported Layer-1 networks, Orderly has made a substantial stride forward in expanding its reach.
It’s important to mention that this action highlights their commitment to establishing a decentralized finance (DeFi) environment, allowing individuals to effortlessly trade various assets across different platforms.
Solana Traders Get Access to Orderly Network
Due to recent advancements, Solana has emerged as the newest blockchain capable of offering users a truly cross-chain trading experience. This development enables Solana users to deposit their assets onto Orderly, and they can also trade with counterparts across all other supported Orderly chains directly from the same order book.
As a network analyst, I can express it this way: By integrating with Solana on their testnet, we’re keeping our funds within our parent network, ensuring smooth operations. The mainnet launch is set for next month. Orderly Network’s co-founder, Ran Yi, boasts an extensive background in Traditional Finance. His expertise positions our protocol, Orderly Unity, as a potential equivalent to the Chicago Mercantile Exchange (CME).
By placing asset vaults across various blockchains, we can establish cross-chain transaction abilities and enhance capital efficiency. All trades are subsequently executed and settled within the Orderly Chain. Essentially, Orderly strives to construct an omnichain trading infrastructure equipped with readily accessible liquidity for developers.
As a crypto investor, I’m thrilled to find my portfolio expanding with the integration of my assets on multiple blockchains. Currently, I can leverage platforms like Arbitrum, Avalanche, Mantle, Ethereum Mainnet, Optimistic Rollups (OP), and Polygon. Now, Solana has joined this impressive lineup, further diversifying my investment options within the crypto space.
Orderly Network Recognizes Solana’s Potentials
By organizing a diverse range of markets, this setup grants traders and platforms entry to more than 50 distinct marketplaces. A consolidated trading system works to maintain a steady supply of substantial liquidity across significant blockchains.
Ran Yi, co-founder of Orderly Network, expressed enthusiasm as Orderly becomes the pioneering trading platform in Decentralized Finance (DeFi) that merges on-chain perpetual swap trading for both EVM and non-EVM users within a single shared order book. This move aligns with our protocol’s mission, ‘Orderly Unity,’ as we strive to bring liquidity together across all chains and establish an unrestricted trading environment.
Arjun Arora, who holds the position of COO at the company, affirmed Solana’s capabilities, which encompass its high processing speed, minimal delay in transactions, and economical transaction fees. He asserted that these attributes make it a perfect fit for Orderly’s next stage of multichain growth.
A month ago, there was a collaboration between Orderly Network, Google Cloud, and Empyreal for an Artificial Intelligence (AI) incentive program. The goal of this initiative is to offer rewards to developers who successfully create AI agents capable of autonomous trading within the Orderly Network.
For Orderly Network, this initiative is a step towards integrating the potential of AI and DeFi.
Read More
Sorry. No data so far.
2024-10-17 16:19