Mode Launches an AI-Driven Perpetuals DEX with Predictive Market Analysis
In Brief
Mode has officially introduced Mode Trade, a unique decentralized exchange designed specifically for perpetual contracts, built on the robust trading foundation of Orderly.
AI-driven Ethereum Layer 2 network Mode The announcement highlights Mode Trade, their proprietary decentralized exchange (DEX) tailored for perpetual contracts, which makes use of Orderly's unified trading framework. Orderly .
"In the current market, where volatility reigns, everyday traders frequently find themselves lacking the predictive analytics and advanced tools that institutional investors depend upon. Mode Trade bridges this gap by embedding predictive AI into the platform, empowering retail traders to maintain a competitive edge,\" explained Nikita Monastyrskiy, Growth Lead at Mode. \"We designed Mode Trade to assist retail traders in navigating market unpredictability with more intelligent insights and accessible education, enabling them to make well-informed choices via straightforward text commands,\" he continued.
This marks the inaugural case of a Layer 2 chain seamlessly integrating and launching a perpetuals exchange directly on its platform, merging Mode’s intuitive interface with Orderly’s extensive liquidity and backend support.
Orderly lays the groundwork for trading any asset through its permissionless liquidity layer. It provides comprehensive, unified liquidity across several blockchains via a single order book, guaranteeing robust liquidity on major networks and opening up more than 100 markets for traders and exchanges.
"Layer 2 chains are stepping up to play a more proactive role in product development, and Mode exemplifies this trend,\" stated Arjun Arora, the Chief Operating Officer of Orderly. \"By constructing Mode Trade upon Orderly’s framework, they managed to launch efficiently while accessing rich, cross-chain liquidity from day one. It’s a strategic move for burgeoning chains to foster adoption, showcase their value, and clarify their ecosystem’s trajectory,\" he remarked.
Mode Trade Debuts with Predictive Insights and Leverage Options of Up to 50x, Featuring Exclusive Benefits for Giga Stakers
Mode Trade integrates an AI Terminal for executing trades and managing positions through user-friendly text commands, along with Synth, a decentralized forecasting layer based on Bittensor that provides predictive market insights. This innovative AI-driven combination aids users in making smarter decisions and gaining a competitive edge in volatile markets.
Furthermore, Mode Trade offers access to a diverse selection of over 100 trading pairs with leverage options reaching up to 50x, supported by substantial liquidity and a synthetic proactive market-making engine (sPMM) from Orderly .
The platform has gone live for early users, with unique AI features reserved for Giga stakers holding 400,000 veMODE or more. A trader whitelist will be rolled out in the upcoming weeks.
Disclaimer
In line with the Trust Project guidelines , it's important to understand that the information presented on this page is not intended to be taken as legal, tax, investment, financial, or any other kind of advice. It's crucial to only invest what you can afford to lose and to obtain independent financial counsel if you have any uncertainties. For more information, it’s advised to check the terms and conditions alongside the help and support sections provided by the issuer or advertiser. MetaversePost is dedicated to delivering precise, impartial reporting, although market conditions may fluctuate without prior notice.
