Orderly Network (ORDER) Project Analysis
- Research Institute Review
This is a blockchain financial services provider based in the Bahamas. It has received investments from top institutions such as Jump Crypto, Sequoia Capital, and OKX, as well as the now-defunct Alameda Research and Three Arrows Capital. Orderly Network has strong fundamentals and high market participation. As of early July 2024, Orderly Network's protocol trading volume reached $61 billion, with a total value locked (TVL) of $42 million and cumulative net fee revenue of $6.5 million. The project was incubated by members of the Woo Network team and has received strong backing from leading institutions, including investments from well-known firms like Foresight. The previously disclosed seed round funding amounted to $20 million. Its order book is enhanced by collaborations with top market makers such as Jump and Kronos, further improving platform liquidity and market depth. Additionally, Orderly Network has partnered with Google Cloud to develop off-chain components for DeFi infrastructure.
- Recent Breakout Points
On the community side, the project previously held an airdrop event where users could interact with its front-end DeFi protocol to earn points and receive airdropped tokens. From August 26th to September 2nd, it will conduct an IDO on Bitget and Bybit. From the perspective of user growth and trading volume, Orderly Network's performance is also remarkable. Over the past 90 days, the number of platform users has continued to increase, with the total number of users approaching 400,000, reflecting strong market recognition and demand for the platform. The project is currently gaining traction, with exchanges lining up for listing, and it has a solid background.
- Project Introduction
Orderly Network is a permissionless liquidity layer for Web3 trading, powered by LayerZero.
- Token Utility
Governance: As the governance process formalizes, staking $ORDER enables token holders to participate in decentralized governance over key aspects of the Orderly Network. More details will be announced in due course.
Earn VALOR: VALOR measures users' $ORDER staking based on the amount and duration, granting them entitlement to a portion of the protocol treasury.
Increased Trading Rewards: By staking $ORDER, traders can earn a higher share of trading rewards.
Increased Market Maker Rewards: Staking $ORDER allows market makers to receive a higher share of market-making rewards.
Other Utilities: Additional $ORDER token utilities will be introduced in upcoming products and third-party DeFi protocols on Orderly Network.
- Tokenomics
In the Orderly tokenomics model, out of the total 1 billion ORDER tokens, 55% will be allocated for ecosystem development (including airdrops), 20% for the Orderly team and advisors, 15% for strategic investors, and 10% will be reserved in the Orderly Foundation treasury for facilitating exchange liquidity, among other purposes. A total of 13.3% of the supply is allocated for airdrops.
- Project Highlights
Founder Ran initially participated in Kronos, then founded WOO, followed by the launch of Orderly. The team has extensive experience in market-making, exchanges, and public chains. The project is a star in the WEB space, with Orderly Network's total value locked at $21.15 million and over 215,000 unique wallet users.
- Investors
Orderly Network secured $5 million in strategic investment, with investors including Manifold Trading, OKX Ventures, Leerink Transformation Partners, Nomad Capital, Presto Labs, and Origin Protocol.
- Community
The project has 360,000 followers on Twitter, 260,000 members in Discord, and 12,000 active members online. Due to the upcoming airdrop, the Discord community is highly active.
- Special Economic Model
None
- Future Outlook
One of Orderly Network's solutions is its innovative cross-chain liquidity aggregation mechanism, which aggregates liquidity from multiple blockchains, providing a broader asset pool and tighter spreads. By aggregating liquidity across chains, Orderly Network can offer a wider range of assets to meet different users' trading needs, and also enable smaller spreads between buy and sell orders, allowing users to trade closer to market prices with reduced slippage. Orderly Network also provides plug-and-play SDKs and APIs, allowing developers to easily integrate order book functionality into their dApps without the need to build complex trading systems from scratch. This significantly reduces development costs and time. Orderly Network is also integrated with both EVM and non-EVM blockchain ecosystems, supporting popular Layer 2 chains such as Arbitrum, Optimism, and Polygon PoS, as well as the non-EVM NEAR protocol.
With its innovative infrastructure and strong partnerships, Orderly Network is poised to become a major player in the future of DeFi trading. However, Orderly Network also faces challenges: while it offers fast trading and deep liquidity, its success largely depends on whether it can continue to attract enough users and liquidity providers. Additionally, whether the $ORDER tokenomics can effectively incentivize long-term participation or if it will merely be a short-term speculation tool is worth watching. Let's stay tuned for Orderly Network's future development.
Basic Information
Project introduction: Orderly Network is a permissionless liquidity layer for Web3 trading, powered by LayerZero.
Token Full Name: Orderly Network
Token Symbol: ORDER
Project Website: https://orderly.network/
Project Documentation: None
Blockchain Explorer: https://etherscan.io/token/0xABD4C63d2616A5201454168269031355f4764337
Liquidity Information: https://etherscan.io/address/0xff00f45a9cd1b4044c449aa09c05613c2ce4f098#balances
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2024/8/26