Orderly Network Secures $5M to Supercharge DeFi Liquidity Solutions

Key Takeaways

• Orderly Network has secured $5 million in strategic funding from prominent investors to enhance DeFi liquidity solutions.
• The new capital will be used to develop innovative products and improve on-chain liquidity across multiple blockchain networks.
• Orderly Network's upcoming token generation event will reward token stakers with 60% of the platform’s net trading fees.

Orderly Network, a prominent Web3 liquidity provider, has successfully secured $5 million in strategic funding. The latest round of financing saw participation from notable investors, including OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol, as disclosed in a release shared with The Block.

Orderly Network Tackles DeFi Liquidity Issues with a Unified Orderbook Across Multiple Blockchains

Orderly Network aims to address the persistent liquidity challenges in the DeFi space by amalgamating orders from multiple blockchains into a single, cohesive orderbook. Currently, the platform extends its support across several key blockchain networks, including Ethereum mainnet, Polygon, Optimism, Base, Arbitrum, and Mantle.

The newly acquired capital will be allocated towards the development of innovative products and the enhancement of on-chain liquidity. Furthermore, Orderly Network is gearing up for its token generation event, where Orderly token stakers are set to receive 60% of the platform’s net trading fees.

Orderly Network Powers Through Market Turbulence, Strengthening Infrastructure and Securing Growth

Despite the turbulent market conditions, Orderly Network has remained steadfast in its mission to fortify its infrastructure and sustain growth. "Amid market volatility, Orderly Network continues to enhance its infrastructure and maintain its growth momentum," said Ran Yi, Orderly's co-founder, in a statement. "Our commitment to delivering unchained liquidity for the Omni-DEX and the broader crypto trading ecosystem has garnered us significant recognition and backing from industry leaders."

This recent funding follows Orderly Network's earlier success in 2022, when it raised $20 million. That round attracted investments from Three Arrows Capital, Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, Alameda Research, GSR Ventures, and MetaWeb.VC.

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FAQs

• What is Orderly Network's primary goal with the new funding?
  Orderly Network aims to develop innovative products and enhance on-chain liquidity.
• Which investors participated in Orderly Network's latest funding round?
  Notable investors include OKX Ventures, Manifold Trading, and Origin Protocol.
• What benefit do Orderly token stakers receive?
  Token stakers will receive 60% of the platform's net trading fees during the token generation event.