August 15, 2024
Orderly Network, a web3 liquidity provider, has secured $5 million in strategic funding. The financing round saw participation from OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol.
Orderly Network aims to address DeFi liquidity issues by consolidating orders from various blockchains into a single orderbook. It currently supports the Ethereum mainnet, Polygon, Optimism, Base, Arbitrum, and Mantle.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
Orderly Network | $5M | August 15, 2024 | Strategic Round | Layer 2 |
The newly raised funds will be used to develop new products and enhance on-chain liquidity. Additionally, Orderly is gearing up for its token generation event, where Orderly token stakers will receive 60% of the net trading fees.
About Orderly Network
Orderly Network is a decentralized exchange protocol and modular ecosystem built on the NEAR blockchain. It offers a permissionless liquidity layer that integrates seamlessly with various decentralized applications (dApps). The platform combines an orderbook-based trading infrastructure with robust liquidity for spot and perpetual futures trading. By consolidating orders from multiple blockchains, Orderly Network aims to solve liquidity issues in decentralized finance (DeFi). It supports several major blockchains, including Ethereum, Polygon, Optimism, Base, Arbitrum, and Mantle. The platform also provides a comprehensive SDK for developers, enabling them to build and integrate their own trading applications efficiently.
Website: https://orderly.network/
About Investor
The financing round saw participation from OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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