Introduction

One of the major issues faced in decentralized exchange trading is high fees, commission, slippage, and lack of access to deep liquidity. The Orderly Network was formed to solve all these problems while providing smooth deposits/withdrawals for all users.

Due to these key features provided by Orderly Network, many big institutions have invested in it to support the Orderly Network platform. Among these big institutions is ViaBTC Capital, a blockchain service provider managing a $100 million portfolio with over 50 blockchain projects.

Other investment institutions that have invested in Orderly Network include Pantera Capital, WOO Network, and others.

Why have all these big companies invested in Orderly Network? What is the background and history of this platform that is getting everyone’s attention in the crypto space? Continue reading to see the answers to these questions.

What Is Orderly Network?

Orderly Network is a unified trading infrastructure for decentralized exchanges: a permissionless, decentralized exchange protocol and modular ecosystem built on the NEAR blockchain.

Orderly Network is also an L2 (Layer 2 solution) built on OP stack, delivering a permissionless liquidity layer for Web3 trading, with one shared orderbook across different blockchains — powered by Orderly Chain and LayerZero.

Orderly Network aims to empower trading on any chain, asset, and interface. Orderly offers spot and perpetual futures order-books trading across Arbitrum, Optimism, Polygon, Base, Mantle and Near while expanding to other blockchains.

The Orderly platform goal is to provide the most robust liquidity layer infrastructure for any dApp to utilize and build on.

Apart from the low fees and commissions that Orderly Network provides for decentralized exchanges, other key features it offers for decentralized exchanges that make it appealing to the crypto community include high throughput, access to deep aggregated liquidity, and a platform-wide community pool.

The $ORDER token for the Orderly Network platform plays a vital role in the Orderly Network’s ecosystem, supporting decentralization and growth and serving as an incentive instrument for users.

Background and History of Orderly Network

Orderly Network was first hatched by NEAR and WOO Network in 2021. It was co-founded by Terence Ng and Ran Yi, who have previously worked at companies like Kronos Research and WOO Network. They have extensive experience trading in the cryptocurrency space and developed the original protocol and liquidity infrastructure on the NEAR blockchain for the following year.

In June 2022, they raised $20 million in strategic funding, setting a $200 million valuation, from companies like ViaBTC Capital, DragonFly, Pantera, and Three Arrows Capital.

Orderly decided to develop the Orderly Omnichain product and launch it on EVM (Ethereum Virtual Machine) in November 2023 because they had planned to concentrate on growing their NEAR infrastructure through 2022, but 2023 was the year of expansion. Volumes have only increased since then, and given the number of collaborations and integrations in the works, this trend has continued since the start of 2024.

The project token, the ORDER token, has a total supply of 1 billion, but only 174 million are currently in circulation. Out of the 1 billion in total supply, 55% is dedicated to the network ecosystem development, 20% is dedicated to the Orderly team and advisors, 15% goes to strategic investors and the remaining 10% is held by the Orderly Foundation to enhance exchange liquidity and other key operational aspects.

The Price Change of ORDER Token on CoinEx

The Price Change of ORDER Token on CoinEx

ORDER token was listed on the CoinEx platform on August 26, 2024, and deposits, withdrawals, and trading were made available immediately.

The ORDER token has had a 12% rise in the past seven days and a total market cap of over $200 million with a daily trading volume of over $50k.

A notable trend in the ORDER token is the attraction the token is getting in the crypto community due to the utility and key features it provides for decentralized exchanges, which results in many big institutions investing in the Orderly Network ecosystem.

Both now and in the future, the ORDER token will be influenced by the investment that the Orderly Network is getting from big companies and the community they are building to support the ecosystem.

Another factor that will influence the ORDER token in the future, which is already affecting the token now, is the adoption of the Orderly Network ecosystem by decentralized exchanges. As more exchanges, chains, assets, or interfaces use the Orderly Network ecosystem for trading, this will be reflected on the ORDER token.

Overview

Name: ORDER
Official link: https://orderly.network/
Explorer: https://etherscan.io/address/0xabd4c63d2616a5201454168269031355f4764337
Total supply: 1 Billion
Contract address: 0xabd4c63d2616a5201454168269031355f4764337
Telegram: https://t.me/OrderlyNetworkDiscussions
Supported CEX: CoinEx, Bybit, Bitget, KuCoin
Supported DEX: FusionX, IBXtrade
Convenient for users to know in time: https://www.coinex.com/en/info/ORDER

*This article does not constitute investment advice.