Introduction

Orderly Network is a decentralized trading infrastructure that offers a unified solution for decentralized exchanges (DEXs). Built on the NEAR blockchain, it supports different features, including spot trading and perpetual futures. The liquidity layer is engineered to provide an orderbook-based platform where liquidity is centralized, but settlements occur on-chain, enhancing both performance and security.

Rather than serving as a traditional DEX with its interface, Orderly operates as a back-end service, allowing developers to create trading platforms that benefit from deep liquidity and a low-latency order-matching system. Its infrastructure is geared towards delivering an experience similar to that of centralized exchanges (CEXs) but with decentralized control, particularly focusing on reducing slippage, gas fees, and trading costs, which are typical challenges for decentralized platforms.

Orderly is expanding into a multi-chain ecosystem, aiming to support Ethereum Virtual Machine (EVM)-based networks like Ethereum, Arbitrum, and Optimism. This move towards omnichain interoperability aims to simplify cross-chain transactions by eliminating the need for bridges between blockchains, allowing users to trade seamlessly across different networks.

The project was co-founded by NEAR and WOO Network in 2021. It takes advantage of the expertise of both teams in decentralized and centralized finance, collaborating with major liquidity providers and market makers like Kronos Research to ensure a constant stream of liquidity and a highly efficient trading environment.

What is Orderly Network?

Orderly Network is a decentralized trading infrastructure that bridges the gap between centralized exchanges (CEXs) and decentralized finance (DeFi). This tool was designed to provide a seamless, efficient trading environment, employing an orderbook-based system that supports spot trading and perpetual futures.

An interesting aspect of Orderly is that, unlike many traditional platforms, it does not feature its own front-end. Instead, it acts as the underlying technology that powers decentralized exchanges (DEXs) by offering developers access to its robust orderbook and liquidity. This allows builders to rapidly develop trading platforms that benefit from deep liquidity and high-frequency trading strategies.

The project operates with an on-chain settlement layer, mainly utilizing the NEAR blockchain due to its scalability and low transaction costs. NEAR’s architecture allows Orderly to handle large transaction volumes with minimal latency, ensuring traders can execute orders quickly and efficiently.

The protocol’s operation also introduces the concept of a unified liquidity pool, which aggregates liquidity from different chains into a single orderbook. Orderly aims to solve the liquidity fragmentation issues that have been present in decentralized exchanges over the years. Its architecture offers users a trading experience that mirrors the speed and depth of liquidity typically found on centralized exchanges but with the added benefits of self-custody and transparency that DeFi offers. The orderbook model is particularly attractive for institutional and high-frequency traders due to its low-latency environment and the ability to handle large trades with minimal slippage.

The Orderly Network is also working towards achieving omnichain interoperability. Using LayerZero, the protocol plans to eliminate the need for bridges, simplifying cross-chain trading and liquidity pooling. Orderly enables users to trade assets across blockchains without manually moving tokens between networks by creating a unified platform connecting EVM and non-EVM chains.

Developers building on Orderly Network benefit from its modular SDKs, which allow for the rapid creation of custom DEXs or the integration of trading features into existing platforms. By providing a ready-to-use liquidity layer and an easy-to-deploy framework, Orderly reduces development time, enabling teams to launch fully functional exchanges within weeks. The SDKs offer a high level of customization, allowing builders to tailor the trading experience to meet specific user needs while benefiting from the security and efficiency of Orderly’s infrastructure.

The platform aims to democratize access to sophisticated trading tools and liquidity, providing developers, traders, and market makers with a highly efficient and decentralized environment. Orderly Network’s vision is to support a future where liquidity flows freely across chains, making decentralized trading more accessible and efficient for a broader range of users and platforms.

Development Team and Ecosystem

Orderly Network was co-founded by Ran Yi and Terence Ng, both of whom have extensive experience in finance and cryptocurrency.

Ran Yi, the CEO, has a background in global asset management. His experience in traditional finance and his work in cryptocurrency led him to found Orderly to combine the best features of centralized and decentralized exchanges.

Terence Ng, the CTO, has a long history in trading technology and has held leadership roles at multiple financial technology firms, including HaiChuanTech and Derivatives China Capital. He also serves as the CTO of WOO Network, the company that helped incubate Orderly.

In addition to the founding team, Orderly benefits from the leadership of Arjun Arora, the Chief Operating Officer (COO). Arjun brings business development expertise from his tenure at Google and has been instrumental in scaling Orderly from a small team into a fully independent organization.

Audrey Yang, the Chief Growth Officer (CGO), drives customer acquisition and business development efforts. With a background in public relations and marketing, she has played a pivotal role in expanding Orderly’s reach, especially through strategic partnerships with major players in the blockchain industry.

Partnerships

Orderly Network has also garnered substantial support from prominent investors, including Pantera Capital, Dragonfly Capital, and Sequoia Capital. These investments have enabled the project to scale its operations and build a highly secure and reliable infrastructure. The backing of market makers like Kronos Research ensures continuous liquidity across the platform, further cementing its position as a top-tier trading infrastructure in the decentralized finance space.

Partnerships with key blockchain ecosystems, including NEAR and LayerZero, have also played an essential role in Orderly’s development. These partnerships have helped the platform expand its cross-chain capabilities, positioning it as a leader toward omnichain trading solutions.

Tokenomics of $ORDER

The $ORDER token is very important to the functioning of the Orderly Network, fulfilling different roles, including facilitating governance, rewarding participants, and incentivizing liquidity through staking mechanisms. The token’s structure and distribution have been carefully designed to align stakeholders’ interests, ensuring long-term sustainability and growth of the ecosystem.

$ORDER token grants governance rights to holders, enabling them to participate in decisions that shape the platform’s future. This governance mechanism gives token holders the ability to influence updates to the protocol, emissions schedules, and other important aspects of the ecosystem.

Orderly Network employs a staking mechanism where users can stake $ORDER or esORDER (escrowed $ORDER) tokens to earn VALOR, a reward metric used to track the staker’s contribution. Stakers receive a portion of the protocol’s treasury, which is funded by a percentage of trading fees generated on the network. The total supply of VALOR will be distributed over 200 epochs (each lasting 14 days), making the reward structure long-term and predictable.

Emission Schedules and Market-Making Rewards

The total supply of $ORDER tokens is capped at 1 billion. Its allocation is distributed as follows:

• 55% allocated to community rewards, builders, and future product development. The emission of tokens occurs over 200 epochs, stretching approximately seven years. This gradual release ensures a balanced introduction of tokens into the ecosystem, minimizing inflation risks.

• 15% of the total supply is allocated to trading rewards.

• 10% is set aside for market-making incentives.

Market makers are very important in maintaining liquidity on the platform by continuously placing buy and sell orders, and they are rewarded for their contributions through $ORDER tokens, which are released at a rate of 500,000 tokens per epoch.

Future Roadmap for $ORDER Integration

Looking ahead, the roadmap for $ORDER includes integration into additional DeFi applications beyond trading and staking. One anticipated area of growth is the token’s use in lending and borrowing protocols, which would allow $ORDER holders to use their tokens in decentralized lending markets.

As the platform expands towards its omnichain vision, $ORDER is expected to become more widely utilized across different blockchain ecosystems, increasing its utility and demand. The platform also plans to introduce new DeFi features that will integrate $ORDER into third-party protocols, further expanding its use cases and driving ecosystem growth.

This comprehensive design of $ORDER’s tokenomics ensures that the token remains at the center of Orderly Network’s decentralized governance, liquidity incentives, and future DeFi applications, making it a key element in the platform’s long-term strategy.

Partnerships and Ecosystem

Orderly Network has worked towards establishing a series of strategic partnerships to enhance its infrastructure and growth. These partnerships include WOO Network, NEAR, LayerZero, and Kronos Research.

One of its co-founders, the WOO Network, provides access to liquidity and expertise in building decentralized and centralized trading platforms. Through this partnership, the WOO Network ensures that Orderly has deep liquidity across trading pairs, creating a seamless trading experience for users.

NEAR, the blockchain on which Orderly is built, offers scalability and low transaction costs, making it an ideal foundation for Orderly’s decentralized ecosystem. The integration of LayerZero enhances the platform’s cross-chain capabilities, allowing for smooth interactions across different blockchains. Meanwhile, Kronos Research, a professional market maker, guarantees continuous liquidity, ensuring minimal slippage and high execution speeds for traders.

Orderly Network has also collaborated with other institutional players like Jump Crypto and Pantera Capital, who have provided both financial backing and strategic support. These partnerships help Orderly scale its operations, particularly in terms of liquidity provisioning and market depth. The ecosystem includes over 20 decentralized exchanges (DEXs) and centralized exchanges (CEXs), such as WOOFi Pro, BTSE, and AscendEX, all leveraging Orderly’s trading infrastructure for their liquidity and order matching needs.

Popular projects within the Orderly ecosystem include Quickswap, Elixir, LogX, and WOOFi Pro, which all utilize Orderly’s orderbook infrastructure. These integrations allow for robust spot and perpetual futures trading across multiple blockchain networks, delivering a CEX-like experience with decentralized features such as on-chain settlement and self-custody.

Collaboration in Orderly

Orderly Network is built to be highly collaborative, integrating with major blockchains like Polygon, Arbitrum, Optimism, and Ethereum, promoting higher adoption. This omnichain vision, supported by LayerZero, allows Orderly to unify liquidity across these chains, which in turn significantly enhances trading efficiency across different chains. The ecosystem is constantly evolving, with plans for even broader integrations with additional chains and DeFi platforms.

Institutional traders are also instrumental in Orderly Network’s liquidity and trading volume. Through partnerships with professional market makers like Kronos Research and Jump Trading, Orderly ensures that there is always sufficient liquidity to accommodate both retail and institutional traders. These market makers are incentivized through $ORDER token rewards, and their participation boosts the platform’s overall trading volume, making Orderly one of the most liquid DeFi platforms on the market.

Orderly Network’s ecosystem thrives on strategic collaborations with key players in DeFi and other blockchain platforms, liquidity providers, and institutional partners. These partnerships enhance liquidity and ensure the platform can scale efficiently while maintaining a good trading experience across multiple blockchains.

Conclusion

Orderly Network presents an innovative and highly customizable solution for decentralized trading infrastructure by combining centralized exchange-like efficiency with decentralized principles such as self-custody and transparency. Built on NEAR Protocol and supported by significant partnerships with WOO Network, LayerZero, and Kronos Research, Orderly Network uses a unified orderbook and cross-chain liquidity to enhance spot and perpetual futures trading. The $ORDER is central to this ecosystem, providing governance, staking rewards, and market-making incentives, fostering long-term sustainability and active participation.

The ecosystem thrives on collaborations with decentralized and centralized exchanges, contributing to deep liquidity and low-latency trading. Professional market makers, alongside institutional traders, ensure continuous liquidity, making Orderly a major player in decentralized finance (DeFi). The modular SDKs, omnichain capabilities, and tokenomics model collectively position Orderly Network as a leading infrastructure provider in the evolving DeFi landscape, ensuring it remains scalable, efficient, and accessible for developers, traders, and liquidity providers.