Orderly Network Secures $5 Million in Strategic Funding Round to Enhance Liquidity Solutions

Orderly Network Secures $5 Million in Strategic Funding

Orderly Network, a Web3 liquidity provider, has successfully secured $5 million in a strategic funding round, as officially announced on August 16, 2024. A diverse group of investors, including OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol, have contributed to this capital influx.

Addressing DeFi Liquidity Issues

Orderly Network is on a mission to resolve liquidity challenges in decentralized finance (DeFi). By consolidating orders from multiple blockchains into one unified order book, the platform aims to enhance liquidity across different networks.

Currently, the platform supports Ethereum (ETH) mainnet, Polygon (MATIC), Optimism (OP), Base, Arbitrum, and Mantle. The newly acquired funds will facilitate the development of innovative products and bolster on-chain liquidity.

Preparing for the Future

Additionally, the funding will aid in preparations for an upcoming token generation event, where token stakers are expected to receive 60% of the platform's net trading fees.

Ran Yi, co-founder of Orderly Network, expressed a commitment to providing what he calls unchained liquidity amidst market volatility. He stated, “Our commitment to enhancing our infrastructure continues to strengthen our growth.”

This new funding round follows a prior successful raise of $20 million in 2022, which included participation from major players such as Three Arrows Capital and Pantera Capital.