Orderly Network Launches Omnichain Perps Orderbook on Solana Mainnet
Orderly Network has launched its perps omnichain orderbook on Solana's mainnet, enabling Solana users to engage in omnichain DeFi trading for the first time. This development includes over 30 decentralized exchanges (DEXs) and 73 trading perpetuals.
Orderly Network serves as a permissionless liquidity layer for Web3 trading, utilizing omnichain infrastructure to offer deep liquidity for assets across multiple blockchains. It aims to create an inclusive DeFi ecosystem that allows developers to design diverse financial products without cross-chain bridging risks.
The integration of EVM and non-EVM orders into a single perps orderbook through Orderly's Solana launch marks a significant advancement, allowing direct trading of tokens from each chain without bridging or wrapping. This innovation positions Orderly within a market capitalization exceeding half a trillion dollars.
Overcoming Liquidity Challenges
Solana has experienced strong spot trading volumes; however, the perps trading landscape has suffered from poor liquidity. Orderly addresses this issue with a chain-agnostic solution enabling real-time trading of liquid perpetual swap markets. Trades executed on Solana are routed through the orderbook and matched before being relayed to the settlement layer.
Ran Yi, Co-Founder of Orderly Network, highlighted that Solana users can now trade meme coin perpetuals with EVM-focused participants across over 30 integrated DEXes, eliminating complexities such as bridging or wrapping.
“For the first time, via Orderly, Solana users can trade meme coin perpetuals with EVM-focused participants across 30+ integrated DEXes, unlocking deep liquidity across chains and raising the bar for user experience and trading efficiency,” said Yi.
The mainnet launch on Solana signifies a milestone in delivering a true omnichain experience for perps traders, connecting Solana's on-chain landscape with EVM networks through a unified orderbook, facilitating access to a DeFi primitive supported by deep liquidity.
Expansion Across Major EVM Chains
Orderly's deployment encompasses major EVM chains including Arbitrum, Base, Mantle, Ethereum Mainnet, Optimism (OP), Polygon, and now Solana. This broad reach provides traders and DEXs access to over 70 markets, allowing Solana traders to deposit assets and trade with counterparts across all Orderly-supported chains for the first time.
The introduction of Orderly on Solana enhances the trading experience by simplifying cross-chain activities, thereby offering a more efficient and streamlined trading environment.