Orderly Network Provides Solana Users with Effortless Trading in an Integrated EVM Ecosystem

Provider of cloud-based liquidity infrastructure Orderly Network has announced the roll-out of its omnichain orderbook for perpetual contracts on the primary Solana blockchain. This step is significant as it allows Solana users to tap into omnichain DeFi trading for the first time, providing access to over 30 decentralized exchanges (DEXs) and 73 different trading pairs for perpetual contracts. 

"For the very first time via Orderly, users on Solana can trade memecoin perpetuals seamlessly with EVM-focused counterparts across more than 30 integrated DEXes,\" stated Ran Yi, Co-Founder of Orderly Network, in an official release. \"All of this is achieved without the hassle of bridging or wrapping. It's our way of unlocking significant liquidity across multiple chains while improving user experience and trading speed. When we say we want everyone to trade anything anywhere, this is what we mean,\" he elaborated.

The mainnet debut of Orderly on Solana represents the first fusion of both EVM and non-EVM orders within a singular orderbook for perpetual contracts. Situated in the decentralized finance sector, Orderly is the pioneering platform to merge these two blockchain environments, which together boast a market cap exceeding $500 billion. Users can now directly utilize token assets from various chains for trading without any bridges, wraps, or extra procedures. Ethereum Virtual Machine While Solana has displayed robust spot trading volumes, its perpetual contract market is still lagging behind. The trading volumes for perpetual contracts on Solana are significantly lower in comparison to leading EVM networks, with limited liquidity posing a major hurdle to increased adoption.

What Mechanism Will Orderly Network Employ on Solana?

is an entirely chain-agnostic platform that empowers users to engage in real-time trading of liquid perpetual swap markets. Whenever a trade takes place on Solana, Orderly’s engine layer directs the transaction through the orderbook, where it gets matched before moving to the settlement layer for finalization.

Orderly Network With installations on prominent EVM chains such as Arbitrum, Base, Mantle, Ethereum Mainnet, Optimism, and Polygon, Orderly provides access to over 70 trading markets for traders and decentralized exchanges (DEXs). The activation on the Solana mainnet is a groundbreaking opportunity for Solana traders, allowing them to deposit assets and trade with participants across all Orderly-supported chains for the very first time.

"The mainnet activation of Orderly on Solana signifies a crucial achievement in delivering a genuine omnichain trading experience for perpetuals and fills an essential gap in connecting Solana's blockchain environment with EVM networks via a single, unified orderbook,\" remarked Ran Yi. \"With Orderly now operational on Solana, developers, traders, and projects can harness a DeFi foundation that will fuel a broad spectrum of decentralized applications backed by ample liquidity,\" he continued. Solana This information should not be considered as legal, tax, investment, or financial advice. Invest only what you can afford to lose, and if you have any uncertainties, it's wise to seek independent financial counsel. We recommend consulting the terms and conditions along with the help and support sections provided by the issuer or advertiser. MetaversePost is dedicated to delivering precise and impartial reporting, although market dynamics can change unexpectedly.

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