What Is Orderly Network (ORDER)?

Cryptocurrencies
What Is Orderly Network (ORDER)?

What Is Orderly Network (ORDER)?

Orderly Network is a decentralized exchange protocol that aims to provide a high-performance and user-friendly trading infrastructure for the decentralized finance (DeFi) ecosystem. Unlike traditional decentralized exchanges (DEX), the protocol offers a white-label DEX solution, allowing projects to easily integrate and customize their decentralized exchanges with Orderly Network's robust technology and liquidity.

In the first month since its launch in September 2024, Orderly Network has successfully deployed its protocol on six major blockchain networks:

  • Arbitrum

  • Optimism

  • Polygon

  • BaseMantle

  • NEAR

The platform has also facilitated over $80 billion in total trading volume and boasts a user base exceeding 290,000 unique wallets, demonstrating its growing adoption and impact within the DeFi space.

Who Created the Orderly Network?

The Orderly Network was launched in 2022 to create a high-performance and accessible decentralized exchange protocol. The project is led by a team of experienced professionals with diverse backgrounds in blockchain technology, finance, and software development.

  • Ran Yi (Co-founder): Over 16 years of experience in global asset management. Before co-founding Orderly Network, Ran Yi served as COO of Woo Network, a prominent liquidity platform in the crypto space.

  • Terence Ng (Co-founder): Over 12 years of experience in finance and technology, with a focus on trading and investment for 7 years

  • Arjun Arora (COO): Previously held leadership roles at Bybit and Deutsche Bank, as well as an advisor for bringing extensive experience in traditional finance and the crypto industry.

How Does Orderly Network Work

Orderly Network functions as a decentralized exchange (DEX) protocol that aims to provide a robust and efficient trading infrastructure for digital assets ranging from cryptocurrencies such as Bitcoin and Ethereum, stablecoins like USDT and USDC, and even tokenized representations of real-world assets like stocks and commodities. It achieves this through features and a focus on user experience.

  • Decentralized Order Book: Orderly Network utilizes a decentralized order book for users to place limit orders and have them matched with corresponding orders transparently and securely.

  • Automated Market Maker (AMM) Integration: In addition to the order book, Orderly Network integrates AMM functionality, providing users with the option to trade against liquidity pools for instant execution.

  • Cross-Chain Compatibility: Orderly Network supports trading across multiple blockchain networks—including Ethereum, BNB Chain, and NEAR Protocol—enabling users to access a wider range of assets and liquidity.

  • Advanced Order Types: The platform offers advanced order types, such as stop-loss orders and trailing stop orders, to provide users with greater control and risk management capabilities.

  • Trading Bots and Programmable Trading Strategies: Orderly Network provides an Application Programming Interface (API) that allows developers to create and deploy custom trading algorithms and bots to automate order execution and arbitrage.

Why Trade $ORDER

At the core of the Orderly Network ecosystem lies the $ORDER token, a utility token that fuels various functionalities within the platform. $ORDER tokens can be used for governance, staking to earn rewards, and accessing premium features within the Orderly Network ecosystem. It also incentivizes participation and engagement within the Orderly community, fostering a decentralized and user-centric platform.

$ORDER token is the native utility token of the Orderly Network ecosystem. Holding and staking $ORDER provides users with various benefits and opportunities to participate in the platform's growth and governance.

$ORDER Use Cases

  • Governance Rights: $ORDER staking empowers token holders to participate in decentralized governance over key aspects of the Orderly Network. Policies may include voting on proposals related to protocol upgrades, fee structures, new product launches, and overall platform development. By staking $ORDER, users have a direct say in shaping the future of the protocol.

  • Earning VALOR: The VALOR system is a unique reward mechanism designed to incentivize long-term participation and contribution to the Orderly Network. VALOR represents a user's $ORDER staking position, calculated based on the amount of $ORDER staked and the duration of the stake. The more $ORDER a user stakes and the longer they stake it, the more VALOR they accumulate. VALOR entitles users to a corresponding share of the protocol treasury, which includes revenue generated from trading fees and other platform activities.

  • Boosting Rewards for Trading and Market Making: Orderly Network rewards both traders and market makers with a portion of the trading fees generated on the platform. By staking $ORDER, users can increase their share of these rewards based on their staking tier, which is determined by the amount of $ORDER staked and the duration of the stake. Higher staking tiers receive a larger percentage of the trading fees, incentivizing users to hold and stake $ORDER.

  • dApps: $ORDER can be integrated into dApps to facilitate in-app purchases, reward systems, and other functionalities to provide additional utility within the broader DeFi ecosystem. Some of these integrations include:

    • WOOFi DEX: A decentralized exchange known for deep liquidity and low fees.

    • 0x Markets: A decentralized exchange protocol that allows for peer-to-peer trading of various assets.

    • LogX: A decentralized derivatives exchange that allows users to trade perpetual contracts.

  • Other Utilities: Orderly Network plans to introduce additional utility for the $ORDER token in its upcoming products and through integrations with third-party DeFi protocols. Future use cases in their roadmap include:

    • Strategy Vaults: Staking $ORDER to participate in liquidity provision and yield generation strategies managed by professional market makers.

    • Enhanced Solana Integration: Earning rewards and accessing staking benefits directly on the Solana (SOL) blockchain.

    • Multi-Collateral Support: Using $ORDER and other assets like ETH and SOL as collateral for leveraged trading.

    • Perpetual Futures Upgrades: Accessing higher leverage and a wider variety of order types for perpetual futures trading.

$ORDER Tokenomics

  • Name: Orderly Network

  • Symbol: $ORDER

  • Chain: Arbitrum, BNB Chain, Ethereum

  • Total Supply: 1B $ORDER (as of 9 January 2025)

  • Circulating Supply: 212.86M $ORDER (as of 9 January 2025)

  • Market Cap: $50.71M (as of 9 January 2025)

  • Price: $0.2382 (as of 9 January 2025)

  • Token Allocation

    • Community: 55%

    • Retroactive airdrop: 13.3%

    • Trading rewards: 15%

    • Market making rewards: 10%

    • Builder rewards: 8.35%

    • Future products launch: 8.35%

    • Team and advisors: 20%

    • Strategic investors: 15%

    • Foundation: 10%

How to Trade Orderly Network (ORDER) on Flipster

Ready to put your knowledge into action and start trading on Flipster? Here's how to trade:

  1. Sign up for an account on the Flipster website or by downloading the Flipster app (Android or Apple).

  2. Click the [Trade] tab.

  3. Search for $ORDER and click on it.

  4. Select the leverage (up to 100x).

  5. Select either a Trigger Order or Market Order.

  6. Enter the amount of coin you want to trade or choose a percentage of your available funds.

  7. Once you have confirmed the details, click the [Long] or [Short] button to open a position

Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with significant risk of loss due to its high price volatility, and is not suitable for all investors.