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With the integration of Avalanche, Orderly now supports seven blockchains, enhancing its footprint in the DeFi space.
Key Notes
Orderly Network expands to Avalanche to facilitate enhanced liquidity and ecosystem connectivity for both traders and developers.The integration allows seamless interaction between traders and developers across popular blockchains like Ethereum, Arbitrum, and Polygon.Orderly Network, a leading Web3 liquidity platform, has broadened its reach in the cryptocurrency market by integrating the Avalanche blockchain into its network.
In a shared press release, the decentralized protocol said the move is part of its efforts to enhance cross-chain liquidity and enable traders to explore the decentralized finance (DeFi) industry.
Orderly Expands to Avalanche Network
This expansion follows Orderly’s recent deployment on Sei, an Ethereum Virtual Machine (EVM)-compatible blockchain that merges Solana’s speed with Ethereum’s scalability on October 28.
At the time, the protocol said the integration with Sei allowed traders to share an orderbook across EVM-compatible chains such as Arbitrum and Polygon, delivering users a seamless cross-chain trading experience.
The expansion to Avalanche also promises to extend similar capabilities to users. According to the press release, traders on Avalanche can now interact fluidly with both EVM and non-EVM users from major blockchains, effectively enhancing liquidity and expanding market access.
The integration into the Avalanche network will also benefit blockchain developers. These software engineers can leverage Orderly’s innovative on-chain orderbook and deep liquidity solutions to build and deploy futures trading applications and a wide range of financial products.
Orderly said it already mitigates risks associated with cross-chain bridging and wrapped asset movement for developers, allowing them to focus on optimizing user experience through front-end interfaces connected to the platform’s advanced perps infrastructure.
A Growing Network with Future Prospects
With the addition of Avalanche, Orderly now supports seven blockchains, including Polygon, Arbitrum, Optimism, Base, Ethereum mainnet, and Mantle.
The Web3 liquidity platform entered the industry on October 11, 2022, emerging from the momentum of the 2021 bull market, which brought a surge of interest from traders and developers.
The protocol was deployed on NEAR Mainnet as a liquidity provider offering blockchain solutions that support building any decentralized application (dApp). Utilizing an omnichain architecture, Orderly facilitates deep liquidity for assets spanning multiple blockchains.
Since its inception, the platform has played a pivotal role in advancing the DeFi sector through innovative tools, such as the recent introduction of its omnichain vault on the Solana blockchain.
Currently, in the testnet phase, the “Orderly Unity” vault enables both EVM and non-EVM users to trade perpetual futures from a unified order book. According to the announcement, the official release of this feature is expected later this November.
In addition, Orderly Network launched a new bounty program in September 2024 in collaboration with Google Cloud and Empyreal. This initiative incentivizes developers to create AI-driven agents capable of autonomous trading on the Orderly platform.
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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Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
