Orderly Network (ORDER)

Trading Infrastructure

Orderly Network provides a unified, permissionless liquidity layer and orderbook-based trading infrastructure for decentralized exchanges (DEXs). It supports spot and perpetual futures trading with deep liquidity and low latency, offering a trading experience similar to centralized exchanges but with decentralization benefits.

Multi-Chain and Omnichain Support

It enables seamless trading across multiple blockchains without the need for bridges, allowing users and developers to interact with assets and liquidity from different chains in one shared orderbook. This omnichain approach expands trading opportunities and accessibility.

Developer Tools and SDK

Orderly Network offers a robust software development kit (SDK) and APIs for Web3 builders to quickly create and launch custom trading applications, dApps, and front-ends. This helps developers save time and capital while integrating advanced trading features.

Use Cases in DeFi and CeFi

The platform supports institutional-grade trading infrastructure for both decentralized finance (DeFi) and centralized finance (CeFi) projects. It enables projects to build their own DEXs, integrate liquidity, and offer professional market-making capabilities.

Token Utility

The ORDER token is used for governance, liquidity incentives, and fee sharing within the ecosystem, playing a central role in the network’s decentralized governance and growth.

Ecosystem Integration

Orderly Network powers an expanding ecosystem including CEXs, DEXs, wallets, aggregators, and trading bots, all benefiting from its permissionless liquidity and unified orderbook infrastructure.

Pros

• Unified Liquidity: Orderly Network offers a single, shared orderbook across multiple blockchains, allowing seamless trading without needing bridges or complex steps.
• Omnichain Support: It connects traders from both EVM and non-EVM chains, expanding access and trading opportunities.
• Low Fees and Fast Execution: The platform combines centralized exchange speed with decentralized security, providing low latency and minimal fees.
• Robust SDK for Developers: Easy and quick integration for Web3 builders to create trading apps, wallets, bots, and more.
• Deep Liquidity: Supported by professional market makers like Kronos Research, ensuring ample liquidity for spot and perpetual futures trading.
• Permissionless and Decentralized: Users keep control of their assets, with on-chain settlement and cryptographic order validation.
• Growing Ecosystem: Strong partnerships and continuous development increase adoption and platform capabilities.

Cons

• New and Evolving: As a relatively new platform, it may still be expanding features and blockchain support.
• Complexity for Beginners: The omnichain and orderbook model might be harder to understand compared to simpler AMM-based DEXs.
• Limited Token Listings: Currently focused on specific assets and blockchains, with plans to expand but not yet fully comprehensive.
• Dependence on Market Makers: Initial liquidity relies on professional market makers, which might affect decentralization perception.

For more details, visit the official website: orderly.network

Founders

Orderly Network was co-founded by Ran Yi, Terence Ng, and Arjun Arora. Ran Yi serves as CEO and is known for his leadership in blockchain innovation. Terence Ng is a co-founder and CTO with a strong background in computer engineering and crypto finance. Arjun Arora, also a co-founder, brings experience from leadership roles at Google and serves as COO.

These founders started Orderly Network in 2022 with the goal of building a powerful, omnichain decentralized trading infrastructure.

Institutional Investors

Orderly Network has raised $25 million over multiple funding rounds from 45 investors. Some of the key institutional investors include Pantera Capital, Sequoia Capital China, Three Arrows Capital, OKX Ventures, Manifold Trading, Presto Labs, Nomad Capital, Origin Protocol, and LiquidityTech.

Strategic Investors

The network also received strategic investments from CoinDCX Ventures and Laser Digital. Early backing came from Near Protocol and WOO Network, which helped incubate the project.

Venture Capital and Crypto Funds

Other notable venture capital and crypto funds involved are Dragonfly Capital, Jump Capital, GSR Ventures, and Nomad Capital. These investors support Orderly Network’s mission to build a robust liquidity infrastructure for DeFi.

For more details, visit Orderly Network's Crunchbase profile or their official website.

Halal Status of Orderly Network

• Yes, Orderly Network can be considered halal because it is a decentralized finance (DeFi) platform focused on providing trading infrastructure without involving interest (riba) or gambling (maysir), which are typically the main concerns in Islamic finance.
• It operates as a permissionless liquidity layer and decentralized exchange protocol, enabling spot and perpetual futures trading on blockchain, which is generally viewed as permissible if used responsibly and without prohibited elements.
• However, final halal certification depends on individual scholars or Islamic finance experts reviewing the specific use and contracts involved.

For more detailed guidance, consulting a qualified Islamic finance advisor is recommended.