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Orderly Network Successfully Concludes the Most Prestigious Trading Contest in Crypto, with @lBattleRhino Triumphing and Taking Home $100K in USDC

pl pt Celebrating its landmark trading showdown, the World Series of Trading (WSOT) X Crypto Championships has crowned @lBattleRhino as the victor.

Kicking off on July 15, this four-week competition featured pt on 𝕏, with competitors vying for a podium finish. Traders participated from various Orderly-supported decentralized exchanges like WOOFi Pro, IBX, LogX Pro, VOOI, and OXMarkets, each starting with a capital of $10,000 to see how far their trading expertise could take them.

The event showcased an impressive assembly of top traders, including @DeFiSquared, @CL207, @theo_crypto99, @izebel_eth, @satsdart, @thiccyth0t, @Timeless_Crypto, @lBattleRhino, @naniXBT, @gametheorizing, @zhusu, and @ByzGeneral.

After a month of fierce trading despite volatile market conditions, ro has emerged victorious, taking home the grand prize of $100,000 USDC. Special mention goes to @gametheorizing and @satsdart, who ended up in second and third place, respectively, winning $50,000 and $25,000.

Starting with $10,000 each, the competitors had the chance to showcase their skills during this period of extreme market fluctuations. This competition not only displayed elite trading talent but also solidified Orderly Network’s position as a crucial omnichain foundation for the future of decentralized finance.

Using a points system reminiscent of Formula 1, the standout traders competed in four weekly ranking phases, earning points based on their standings in the leaderboard. This format encouraged consistency in trading while challenging participants to think outside the box, leading to plenty of thrilling moments for onlookers.

Noteworthy drama unfolded, particularly in week one, when a well-known crypto trader faced early liquidation while attempting to short $WLD on VOOI, thus ending their competition run. ro Weeks two and three brought even more unpredictability as the market remained erratic. Despite Orderly Network's robust top-of-book liquidity enduring these fluctuations—recording trading volumes that exceeded $1.5 billion—many traders, including week two leader Jordi Alexander, faced challenges.

Alexander, who serves as the Founder and CEO of Selini Capital, commented on the WSOT experience: \"Competitions are always a thrill and involve significant game theory. This trading contest was not solely about executing trades effectively; it required careful consideration of opponents' moves to stay ahead strategically.\" ru ).

"This current WSOT edition is tremendous. It has been a resounding success largely due to the exceptional quality of traders participating. It truly demonstrates the advantages of Orderly and its adaptability, as traders are executing on a variety of DEXs powered by Orderly,\" he added.

", "Co-Founder of Orderly Network, Ran Yi, emphasized WSOT's success in rigorously testing the infrastructure through world-class traders:

"We extend our heartfelt gratitude to all the traders who took part in WSOT, as well as those who helped make it possible. WSOT 1.0 offered an exhilarating and beneficial experience for everyone engaged. It not only highlighted the robustness of our platform but also provided crucial insights from top traders that will enhance Orderly moving forward. If you found WSOT 1.0 impressive, just wait for what's coming in WSOT 2.0. Stay tuned!\" ru So far, Orderly Network has generated over $8 million in net fees, not accounting for the share created by builders on the protocol. Those who hold and stake $ORDER can expect to see 60% of new net fees coming their way, with potential for future increases.

Orderly Network serves as a permissionless liquidity layer tailored for Web3 trading. Constructed on omnichain architecture, Orderly promises robust liquidity across diverse assets spanning multiple blockchains. Focused on making DeFi accessible to all, Orderly enables developers to seamlessly design a wide range of financial tools suited for traders at every level, helping mitigate risks associated with cross-chain asset movements.

Please be advised that the content presented on this page is not intended to serve as legal, tax, investment, financial, or any other form of advice. It’s crucial to invest only what you can afford to lose and to seek advice from a financial expert if unsure about your decisions. For more details, please consult the terms and conditions, along with the help resources offered by the issuer or advertiser. MetaversePost is dedicated to providing accurate and unbiased reporting, yet market trends can change rapidly.

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tl tl DeFAI Needs to Address Cross-Chain Challenges to Realize Its Full Potential