Searching for Alpha: Orderly Network

BlockchainsSeptember 21, 2024, 11:18PM EDT
Searching for Alpha: Orderly Network
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Orderly is a multi-chain liquidity infrastructure protocol for on-chain spot and perpetual futures trading. It essentially acts as a backend liquidity white-label service, offering perpetual futures decentralized exchanges (DEXs) a “plug-and-play” solution to power their own trading platforms.

Orderly’s trading liquidity layer utilizes a centralized limit orderbook (CLOB) mechanism that combines on-chain settlement with an off-chain matching engine.

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