Quick take:
- Orderly Network offers a unified trading order book connected to multiple blockchains.
- The protocols SDK enables Web3 teams to “rapidly deploy sophisticated omnichain trading apps.”
- Orderly Network previously raised $20 million in a seed round backed by Pantera, Sequoia China, Laser Digital, Dragonfly and others.
Orderly Network, a permissionless liquidity layer building dApp tools for Web3 trading has raised $5 million in a strategic round backed by OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital and Origin Protocol.
The company offers a unified trading order book connected to multiple blockchains and a “comprehensive” SDK enabling Web3 teams to “rapidly deploy sophisticated omnichain trading apps.”
Orderly Network is also backed by some of the biggest Web3 venture firms with Pantera, Sequoia China, Laser Digital and Dragonfly among those that invested in a $20 million seed round announced in June 2022.
The company is building dApp tools to address the liquidity challenges that decentralised finance companies face. It has developed a unified orderbook across multiple chains, which leverages the Orderly Chain and LayerZero technology to serve as a liquidity cloud for Web3 trading.
Orderly Network currently supports six chains: Polygon, Arbitrum, Optimism, Base, Ethereum mainnet, and Mantle.
Commenting on the fundraising, Ran Yi, Co-founder of Orderly Network said in a statement: “Amid market volatility, Orderly Network continues to enhance its infrastructure and maintain its growth momentum. Our dedication to providing unchained liquidity for the Omni-Dex and the broader crypto trading ecosystem has earned us recognition and support from industry leaders. We remain committed to advancing the boundaries in the DeFi and Omni-trading sectors.”
The company said the latest fundraising will be used to bolster Orderly Network’s capabilities,” enabling it to continue its trajectory of innovation and growth,” including accelerating the development and deployment of key updates and features.
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