Orderly has received an investment of more than $5 million from various investors
NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) — Orderly Network, the Web3 liquidity layer, is proud to announce an investment of over $5 million from several strategic investors, including OKX Ventures. This strategic investment marks a new chapter in Orderly Network’s mission to revolutionize Web3 trading with a transparent, unleashed liquidity infrastructure.
During its funding round, Orderly Network secured $20 million in investments from renowned institutions such as Pantera, Sequoia China, Laser Digital, Dragonfly, and Jump. Recently, Orderly received an additional $5 million in investments from OKX Ventures and other investors including Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol.
Orderly received over $20 million in investment from various investors in its funding round
Orderly Network addresses critical liquidity challenges in DeFi by converging all orders into a unified order book across multiple chains. Serving as a liquidity cloud for Web3 trading, Orderly Network leverages Orderly Chain and LayerZero technology to provide robust liquidity solutions and power the next generation of Omni-DEX. Currently, Orderly Network supports six chains: Polygon, Arbitrum, Optimism, Base, Ethereum mainnet, and Mantle.
Orderly Network’s impact is demonstrated by its impressive statistics, representing 41% of Celestia’s total blob space and 28% of all LayerZero messages at its peak. As of July 31, data from Dune Analytics highlights that Orderly Network has achieved cumulative transaction volume of over $71 billion, with cumulative net fees exceeding $7.6 million.
Ran Yi, Co-Founder of Orderly Network, said: “Amid market volatility, Orderly Network continues to improve its infrastructure and maintain its growth momentum. Our commitment to providing unlimited liquidity for the Omni-Dex and the broader crypto trading ecosystem has earned us recognition and support from industry leaders. We remain committed to pushing the boundaries of the DeFi and Omni-trading industries.”
This latest investment round will further strengthen Orderly Network’s capabilities, enabling it to continue its trajectory of innovation and growth. Orderly Network plans to accelerate the development and deployment of key updates and features. Orderly recently announced more details about the upcoming Token Generation EventHolders who stake the Orderly token will receive 60% of Orderly’s net trading fees.
About Orderly Network
Ordered network is a permissionless liquidity layer for Web3 trading. Built on an omnichain infrastructure, Orderly enables deep liquidity for any asset across multiple blockchains. Focused on a DeFi future that is open to all, Orderly allows developers to seamlessly build a full suite of financial products for any level of trader, without the risks of wrapped asset movements via cross-chain bridges.
For more information, visit ordered network
For public relations inquiries regarding this release, please contact pr@orderly.network
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