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Orderly Network is now deployed in testnet mode on the Solana blockchain after previous launches on Base and Mantle.
Key Notes
Orderly Network is now integrated with Solana in testnet mode.The protocol has previously been integrated with Arbitrum, Base and Mantle.The Solana linkup will make Orderly Network operate as the CME of the Web3 world.Web3 liquidity protocol Orderly Network has expanded to the Solana Network by successfully deploying its omnichain vault. Dubbed Orderly Unity, the new protocol is centered around unified liquidity, which is the mainstay of Orderly Network’s offering to the Decentralized Finance (DeFi) ecosystem. Orderly took a significant step by integrating Solana as one of its supported Layer-1 networks.
It is worth noting that the move underscores its interest in creating a DeFi ecosystem where anyone can trade any asset easily on any platform.
Solana Traders Get Access to Orderly Network
As a result of the new development, Solana is now the latest blockchain that can provide users with a truly omnichain trading experience. The new development allows Solana-based traders to deposit their assets on Orderly. They could also trade against counterparts on all other Orderly-supported chains from the same orderbook.
This way, their funds would not need to leave the parent network. Noteworthy, the Solana integration has only gone live on testnet. The mainnet launch is scheduled to take place next month. Orderly Network co-founder Ran Yi has an extensive Traditional Finance (TradFi) background. His wide experience would position the protocol through Orderly Unity as the equivalent of the Chicago Mercantile Exchange (CME).
Cross-netting capabilities and better capital efficiency are created by deploying asset vaults on multiple chains, with all trades then executed and settled on the Orderly Chain. Generally, Orderly focuses on creating an omnichain trading infrastructure with ready-to-use liquidity for builders.
It is already deployed across major chains such as Arbitrum, Base, Mantle, Ethereum Mainnet, OP, and Polygon. Solana is the latest blockchain to join the list.
Orderly Network Recognizes Solana’s Potentials
This orderly diversification gives traders and exchanges access to over 50 markets. A unified trading infrastructure helps ensure the availability of robust liquidity on all major chains.
“We’re excited to see Orderly take its place as the first trading solution in DeFi to unite onchain perps trading for both EVM and non-EVM users in the same shared orderbook,” Ran Yi, Orderly Network co-founder, stated. “This is in-line with our protocol’s charge forward: Orderly Unity. We’re on a mission to unify liquidity across all chains and create an environment of trade without limits.”
The firm’s COO, Arjun Arora, acknowledged Solana’s functionalities, which include its high throughput, low latency, and cost-effective transactions. He claimed that these features make it an ideal network for the next phase of Orderly’s omnichain expansion.
Meanwhile, this comes one month after Orderly Network collaborated with Google Cloud and Empyreal to host an Artificial Intelligence (AI) bounty program. This campaign is designed to reward developers who build AI agents that can trade autonomously on the Orderly Network.
For Orderly Network, this initiative is a step towards integrating the potential of AI and DeFi.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
