Orderly is getting ready for its token generation event, in which token stakers will get 60% of Orderly net trading fees.
Orderly Network unifies orderbooks from many blockchains to tackle liquidity issues.
Orderly Network, a web3 liquidity provider, has secured $5 million in strategic funding. A release was shared with The Block, which states that the new funding was engaged in by OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol.
In an effort to address the liquidity issues plaguing DeFi, Orderly Network unifies orderbooks from many blockchains. Mainnet Ethereum, Polygon, Optimism, Base, Arbitrum, and Mantle are all supported at the moment.
With these funds, the platform may continue to develop its product offerings and increase its on-chain liquidity. Furthermore, Orderly is getting ready for its token generation event, in which token stakers will get 60% of Orderly net trading fees.
Orderly co-founder Ran Yi said in a statement:
“Amid market volatility, Orderly Network continues to enhance its infrastructure and maintain its growth momentum. Our dedication to providing unchained liquidity for the Omni-DEX and the broader crypto trading ecosystem has earned us recognition and support from industry leaders.”
Several prominent investors, including Pantera, Dragonfly, Three Arrows, Jump Crypto, Alameda Research, GSR Ventures, and MetaWeb.VC, participated in $20 million funding to Orderly Network in 2022 .