Orderly Network launches the first omnichain orderbook on Solana 
Cryptocurrency Oct 17, 2024 Share
Orderly Network, a decentralized finance (DeFi) liquidity platform, has successfully launched its omnichain vault on Solana (SOL), as detailed to Finbold on Thursday, October 17.
Dubbed “Orderly Unity,” the new initiative enables both EVM (Ethereum Virtual Machine) and non-EVM users to trade perpetual futures from a unified orderbook.
The Solana integration is currently live on testnet, with mainnet launch scheduled for November.
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Orderly Unity comes to Solana
Orderly Unity underscores Orderly Network’s commitment to unified liquidity as the core element of its decentralized finance (DeFi) model.
With Solana now part of the ecosystem, the blockchain joins a growing list of networks providing a genuinely interconnected trading platform.
Solana users can now deposit assets on Orderly and trade with counterparts across other Orderly-supported blockchains, all from the same orderbook.
Crucially, the cross-chain functionality doesn’t require funds to leave the SOL network.
Enhancing DeFi capital efficiency
The Orderly Unity integration reflects Orderly’s ambition to establish a DeFi ecosystem where users can trade assets across multiple platforms.
Co-founder Ran Yi compared Orderly Unity’s role to that of the Chicago Mercantile Exchange (CME), due to its cross-netting capabilities and focus on capital efficiency. Yi further added:
“We’re excited to see Orderly take its place as the first trading solution in DeFi to unite onchain perps trading for both EVM and non-EVM users in the same shared orderbook. This is in-line with our protocol’s charge forward: Orderly Unity. We’re on a mission to unify liquidity across all chains and create an environment of trade without limits.”
By implementing asset vaults across various blockchains and executing all trades on Orderly’s Chain, Orderly cements its position as a leader in cross-chain trading.
The platform’s trader-first approach is likewise evident in its expansion efforts, as Orderly is now integrated with major blockchains such as Arbitrum, Base, Mantle, Ethereum (ETH) Mainnet, Optimism (OP), Polygon (MATIC).
This expansion offers traders easy access to popular assets, including memecoins, across more than 50 markets.
The future of Orderly Network
In a year marked by consistent growth and high-profile partnerships, Orderly has reached $83 billion in total trading volume (TTV).
Arjun Arora, Orderly Network’s Chief Operating Officer (COO), described the new Solana expansion as the next crucial step in Orderly’s mission to become a “truly omnichain DeFi ecosystem.”
As the platform continues to increase its offerings and up its integration efforts, it remains at the forefront of accessible, omnichain trading accessible to a wide range of users.