Orderly Network, a web3 liquidity provider, has secured $5 million in strategic funding. A release shared with The Block states that the new funding was participated in by OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol.
Raising $5M from Investors
Orderly Network has received $5 million in strategic investments from companies such as OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol. These funds will be used to further develop the platform's product offerings and increase on-chain liquidity.
Unifying Orderbooks for Liquidity
In an effort to address liquidity issues in DeFi, Orderly Network unifies orderbooks from multiple blockchains. Mainnet Ethereum, Polygon, Optimism, Base, Arbitrum, and Mantle are all currently supported.
Preparing for Token Generation Event
Orderly Network is preparing for its token generation event, in which token stakers will receive 60% of Orderly's net trading fees. Orderly co-founder Ran Yi stated, “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.”
The investments and upcoming events solidify Orderly Network's position as a key player in the decentralized liquidity market, supporting the platform's growth and development.
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