Orderly Network Rolls Out an Innovative Omnichain Orderbook on the Solana Blockchain, Opening Doors for Unlimited Trading
In Brief
In the wake of launching its omnichain vault, Orderly Network is now active on Solana, providing users with the ability to trade perpetual contracts via a consolidated orderbook.
Web3 liquidity layer, Orderly Network announced its expansion to Solana network With the launch of its omnichain vault on the Solana blockchain, users from both Ethereum Virtual Machine (EVM) and non-EVM realms can now trade perpetual contracts through a single orderbook.
"We’re thrilled to witness Orderly becoming the first DeFi trading platform to seamlessly merge on-chain perpetual trading for both EVM and non-EVM users in one shared orderbook,\" expressed Ran Yi, Co-Founder of Orderly Network, in a statement. \"This aligns perfectly with our goal of Orderly Unity. We're dedicated to harmonizing liquidity across multiple blockchains and fostering an environment where trading knows no limits,\" he emphasized.
Orderly Network's 'Orderly Unity' initiative aims to blend liquidity across diverse blockchain ecosystems, with Solana stepping in as the newest platform to provide an omnichain trading encounter for its users.
Traders utilizing Solana can now deposit their assets into Orderly and engage in trades with users from other Orderly-enabled platforms, all from the convenience of one orderbook, without needing to transfer their funds away. Solana network Currently operational on the test network, this integration is set to launch fully on the mainnet in November.
By setting up asset vaults across various blockchains and facilitating trades on the Orderly Chain, this framework promotes cross-chain trading and optimal capital utilization. This approach places users at the forefront of decentralized finance (DeFi) advancements, positioning Orderly as a leader in the industry.
Solana's Integration Propels Orderly Unity's Vision to Build an Omnichain DeFi Ecosystem
Orderly Network enhances cross-chain trading efficiency through its Orderly Chain and a shared orderbook, optimizing trading processes by providing deeper liquidity and tighter spreads. With access to a myriad of over 50 markets, the platform creates an effortless trading environment for developers, traders, and exchanges alike, operating within a cohesive ecosystem.
By focusing on building omnichain trading infrastructure With a ready-made liquidity solution, Orderly is already making waves across major blockchains such as Arbitrum, Base, Mantle, Ethereum Mainnet, Optimism, Polygon, and now Solana. This broadens market reach for sought-after assets, including meme coins. Orderly’s consolidated trading framework guarantees robust liquidity across all these chains, presenting enhanced trading prospects for users across more than 50 markets.
"Solana's reputation for high throughput, low latency, and affordable transactions positions it as the perfect network for the next stage of Orderly's omnichain growth,\" stated Arjun Arora, COO of Orderly Network, in a written statement. \"By integrating our omnichain vault into Solana, we’re delivering a fluid perpetual trading experience to Solana’s bustling community of traders, developers, and decentralized applications (dApps). This is a groundbreaking venture, as it concurrently offers perpetual trading to both EVM and non-EVM users within a single orderbook, propelling our vision of a seamless omnichain DeFi ecosystem,\" he concluded.
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