Orderly Network Expands to Avalanche to Boost Cross-Chain Liquidity

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As a seasoned crypto investor with a knack for spotting promising projects, I find the expansion of Orderly Network onto the Avalanche network quite intriguing. Having navigated through the volatile market since the 2017 bull run, I’ve witnessed firsthand the transformative power of cross-chain compatibility in enhancing liquidity and accessibility.

In a significant expansion within the cryptocurrency sector, the forefront Web3 liquidity provider, Orderly Network, has seamlessly incorporated the Avalanche blockchain into its operations.

Through a joint statement, the decentralized protocol announced that this action forms part of their strategy to bolster cross-chain liquidity and provide traders with opportunities to delve into the realm of Decentralized Finance (DeFi).

Orderly Expands to Avalanche Network

Orderly has just been rolled out on Sei, a blockchain that combines the speed of Solana with Ethereum‘s scalability, which happened on October 28th.

Currently, the guidelines indicated that integrating with Sei enabled traders to distribute an order book over Ethereum Virtual Machine (EVM)-compatible networks like Arbitrum and Polygon. This integration offered users a smooth, multi-chain trading experience by facilitating cross-chain transactions.

The growth into Avalanche is expected to grant similar features to its users as well. As stated in the press release, traders on Avalanche now have smooth interaction opportunities with both EVM and non-EVM users from significant blockchains. This development increases liquidity and broadens market access by connecting multiple platforms.

Joining the Avalanche network is advantageous for blockchain developers too, as they can utilize Orderly’s cutting-edge on-chain orderbook and robust liquidity features to design and launch futures trading apps, as well as a variety of other financial instruments.

In simpler terms, Orderly has taken care of potential risks related to cross-chain transactions and wrapped assets for developers, freeing them up to concentrate on enhancing the user interface by connecting their front-ends to the platform’s sophisticated perpetual (perps) system.

A Growing Network with Future Prospects

Now, alongside Polygon, Arbitrum, Optimism, Base, Ethereum’s mainnet, and Mantle, the platform Orderly has integrated Avalanche as well, expanding its support for a total of seven blockchains.

On October 11, 2022, the Web3 liquidity platform made its debut, spurred by the energy generated during the 2021 bull market. This period attracted an influx of both traders and developers, fueling its emergence into the industry.

The protocol was implemented on the NEAR Mainnet, providing a service as a liquidity provider offering blockchain solutions to aid in the development of any decentralized application (dApp). By employing an omnichain design, Orderly enables substantial liquidity for assets across various blockchains.

From its very beginning, this platform has been instrumental in propelling the Decentralized Finance (DeFi) industry forward by introducing groundbreaking tools. For instance, it recently deployed an omnichain vault onto the Solana blockchain.

At the moment, we’re in the testnet stage, where the “Orderly Unity” vault allows both EVM and non-EVM users to trade perpetual futures using a single unified order book. As per the recent announcement, they plan to launch this feature officially in November.

Additionally, Orderly Network introduced a fresh bounty scheme in partnership with Google Cloud and Empyreal back in September 2024. This program encourages developers to develop intelligent AI agents that can independently trade within the Orderly platform.

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2024-11-12 15:39