Orderly Network Partners With Solana to Unveil Innovative Omnichain Protocol
In Brief
In an exciting move, Orderly Network has partnered with Solana to unveil the pioneering omnichain protocol, enabling users to trade native token assets directly.
A provider specializing in cloud-based liquidity solutions, Orderly Network announced its integration with the Solana blockchain technology has facilitated the creation of the first omnichain protocol. This innovative integration bridges the Ethereum Virtual Machine (EVM) and Solana ecosystems, which collectively represent over half a trillion dollars in market cap. As a result, users can trade native tokens directly, eliminating the hassle of bridging, wrapping, or any other intermediary steps.
Orderly Network's launch on Solana addresses a significant gap within the decentralized finance (DeFi) sector, introducing the capability to merge both EVM and non-EVM orders into a unified order book. This advancement empowers Solana users to access omnichain liquidity and allows them to trade memecoin perpetual contracts alongside the vast EVM community across more than 30 Orderly-backed decentralized exchanges (DEXs).
The rollout of Orderly Network on Solana signifies a pivotal achievement for omnichain DeFi. By coordinating Solana with leading EVM networks like Arbitrum, Ethereum, and Polygon, it offers traders, developers, and projects unparalleled access to extensive liquidity spread across over 70 markets. This strategic integration enables Solana enthusiasts to deposit assets and trade seamlessly with participants across various supported chains, broadening trading prospects and strengthening Solana's market footprint.
Moreover, the platform has launched its omnichain order book for perpetual contracts directly on the Solana mainnet, enhancing its ability to facilitate cross-chain trading.
“For the first time, users on Solana can instantly connect through Orderly to trade memecoin perpetuals directly with participants focused on EVM, across over 30 integrated DEXes,” shared Ran Yi, Co-Founder of Orderly Network, in an official statement. He emphasized the ease of trading without the need for cumbersome processes like bridging or wrapping. “This is how we unlock substantial liquidity across all chains while enhancing user experience and trading efficiency. Our mission is to empower anyone to trade anything, anywhere,” he added.
Orderly Network’s Token ORDER Makes Its Debut on Bithumb KRW Market, Sparking Trading Surge
Alongside its integration with Solana, the ORDER token from Orderly Network has been officially listed on the KRW market of the South Korean exchange. Bithumb Trading for ORDER began at a starting price of 239 Won. Notably, this trading is conducted on the Ethereum network, with deposits from other networks not currently permitted.
Shortly following the announcement of the listing, ORDER's price witnessed an impressive surge of 90%, reaching $0.3082, though it has since adjusted to a trading value of $0.2839. The 24-hour trading volume for the token also saw significant growth, increasing by 409.3% to surpass $107.71 million. The rising demand for the project is evident in its market capitalization, which has increased to $59.82 million, reflecting a 67.5% rise according to CoinMarketCap data.
Orderly Network As a provider of cloud-based liquidity solutions, the company is revolutionizing the DeFi landscape by facilitating cross-chain trading via a shared, consolidated order book on its Orderly Chain. This framework offers a streamlined liquidity model that optimizes trading activity, reduces spreads, and provides access to numerous markets from a single platform designed for developers, traders, and exchanges.
The ORDER token is vital to the ecosystem, aiming to decentralize the protocol, foster network growth, motivate user engagement, and ensure the platform’s economic stability. The numerous utilities attached to the ORDER token are deeply integrated into the platform, generating a self-sustaining growth cycle that promotes adoption and aligns the interests of all stakeholders. These utilities encompass governance rights, earning VALOR, amplifying trading rewards, and boosting market-making incentives. The overall supply of ORDER is capped at 1 billion tokens.
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