As we draw the curtain on 2024, we’re proud to celebrate another year of remarkable strides, meaningful partnerships, and continuous innovation at Orderly Network. From broadening our ecosystem across multiple chains to enhancing our product suite and community program, this year has been all about pushing boundaries—and breaking them—on the journey towards truly decentralized and accessible trading.
2024 was defined by expansion, both in terms of our technological footprint and the breadth of our community. We saw our user base and social presence flourish, ventured into new ecosystems like Solana and other major EVM-compatible networks, and secured new investments to fuel our vision. Through it all, we remained true to our core mission: empowering users to trade anything, anywhere, while providing secure infrastructure with deeper liquidity than ever before.
A crowning jewel in our innovative pursuit all year round centered on delivering Orderly Network to Solana Mainnet. This technological leap – merging EVM and non-EVM orders to use the same orderbook for the first time ever – is a gamechanger for DeFi.
Trading perps has never been more seamless and omnichain. And we’re just getting started.
In parallel, we continued to solidify our presence in the EVM space, integrating major ecosystems including Ethereum Mainnet, Base, Mantle, Avalanche, and Polygon. This expansion exemplified our big-picture goal to bring seamless perps trading to diverse communities in DeFi and ensure users can access Orderly’s stellar liquidity from wherever they choose to trade or build.
That’s right - developers benefited this year too. Our flexible SDKs and APIs have allowed for seamless integration into each of these chains, further solidifying our position as a liquidity backbone for DeFi.
In a key financial milestone this year, Orderly Network secured over $5M in new investments led by OKX Ventures and other leading VCs. This capital injection echoed the growing belief in our vision to consolidate all of DeFi’s liquidity, enhance user experience and push product innovation on the grand scale.
This latest round of investment brings OKX and others in to join our catalogue of renowned VCs, investors, and partners with over 20+ years combined experience supporting Web3 startups. Having previously secured $20 million in seed round with industry titans like Pantera, Dragonfly Capital, and Laser Digital, we remain on course to usher in the future of Web3 trading.
The introduction of the ORDER token in the year was a foundational moment for us. With the ORDER TGE and subsequent staking mechanism and trading rewards, we ensured that long-term supporters and active traders could directly benefit from our growth. Through $ORDER, we have created a robust incentive structure, encouraging deeper community engagement and loyalty.
Rewarding $ORDER stakers with 60% of Orderly’s net trading fees since TGE, there has now been over 70 million ORDER staked with stakers enjoying rewards paid out in USDC. As of this writing, $ORDER stakers have earned almost $700k USDC since staking went live.
VALOR, the deflationary value metric accrued to ORDER stakers, will continue to appreciate with more burning events, thus boosting the USDC value of VALOR as the protocol treasury continues to increase.
Get started with $ORDER staking today!
In late 2024, we introduced a frictionless, transparent listing experience that empowers any project to launch perpetual markets with ease. In a few steps, anyone can list perps for their token and gain access to top-tier liquidity, with no listing fees, and an expansive audience of 300,000+ users and 30+ omnichain DEXs.
We also created an avenue for anyone (builders, VCs, investors, KOL, etc) to refer their favourite projects and earn, through our Referral Bonus program. You can now earn a minimum guaranteed $2000 for every successful referral alongside up to 30% additional earnings.
Get started with Orderly Listings today! See full details here
This year we also introduced Quantum Pools—our first user-facing product that reimagines liquidity provisioning for orderbook-based trading.
Built through our partnership with Elixir Protocol, Quantum Pools serve as an AMM-like tool for orderbooks, enabling users to act like professional market makers without the usual complexity. Early results were striking—within the first month, TVL surpassed $15 million across all asset pairs, signaling robust demand and trust from our community.
We’ve kept it simple - connect your wallet, deposit USDC, select your preferred pool, then you can earn up to 10% APY while reinforcing Orderly’s liquidity layer. This innovation represents our continued commitment to democratizing access to liquidity provisioning in DeFi.
See our detailed guide to help you get started.
We also solidified our pricing infrastructure by integrating industry-leading oracles to ensure accurate, timely, and tamper-resistant data feeds. Most notably, we adopted Chainlink Price Feeds on Arbitrum to support ORDER, building on the trust and scale Chainlink has established as a premier, production-tested oracle solution.
Meanwhile, our integration with Pyth brought even more flexibility. By providing price feeds for tokens not yet listed on CEXs, Pyth enabled us to list new assets faster and broaden the variety of unique tokens in our ecosystem.
With Chainlink and Pyth in place, we’ve equipped our platform and community with the essential data infrastructure they need to trade confidently, access deep liquidity and maintain market integrity—even under volatile conditions.
Our vision remains as audacious as ever. With the 2024 roadmap update, we renewed our promise to enable secure and permissionless trading for any asset class, on any chain, that’s accessible from anywhere. This update not only outlined our short-term product pipeline but also reaffirmed our long-term commitment to a truly borderless trading ecosystem.
With the launch of Orderly on Solana Mainnet, our journey went into go-mode and this will continue well into the new year. Expect to see new order types, higher leverage for listed markets, decentralized governance for ORDER holders, builder-focused SDK improvements and further expansion to other emerging EVM and non-EVM ecosystems in DeFi. These and more are all in the pipeline for 2025.
2024 was the year our community truly flourished. Over 250k community members and 400k social followers joined our journey, reflecting a vibrant and supportive ecosystem. We expanded our regional footprint, investing in local outreach throughout Asia and beyond. We also launched a comprehensive community program that not only rewarded active participation but fostered a sense of shared purpose. And who could forget Sir Otterly, whose friendly visage now symbolizes our welcoming, forward-looking ethos?
In collaboration with Google Cloud and Empyreal, we launched a unique Bounty Program to inspire the next generation of builders, innovators, and researchers. This initiative bridged cutting-edge AI resources and DeFi infrastructure, fostering a vibrant ecosystem of experimentation and growth.
A vibrant ecosystem isn’t built in isolation. Our collaboration with Google Cloud and Empyreal, as highlighted in the Bounty Program, provided incentives for developers, analysts, and researchers to explore novel use cases at the intersection of DeFi and AI. This open call to innovators spurred new predictive models for liquidity provisioning, advanced trading algorithms leveraging machine learning, and improved forecasting tools. By bringing in fresh talent and encouraging cross-disciplinary experimentation, we enriched the network’s intellectual capital, fostering a community that thrives on curiosity and continuous improvement.
Our commitment to incentivizing talent and fostering healthy competition was on full display during the Orderly WSOT Competition, where top traders vied for a $175,000 grand prize.
The 4-week long competition featured 12 industry-renowned traders on the 𝕏 platform, each engaging in a grand-prix style points battle across various Orderly-powered DEXs. The trading venues—WOOFi Pro, IBX, LogX Pro, VOOI, and OXMarkets—hosted the intense competition, with each trader starting out with a collateral of $10,000.
Beyond the headline-grabbing rewards, the event served as a live stress test for our platform’s performance under intense trading conditions. The result? Seamless execution, best top of book liquidity, and a showcase of our infrastructure’s capacity to handle real-time pressures.
WSOT 2024 was certainly a hit on all fronts, introducing new users to our platform’s capabilities, and bringing the community closer through friendly rivalry bets on Shuffle.
Once again, congratulations to our 2024 winners: @lbattlerhino, @gametheorizing, @statsdart
2024 also saw Orderly Network making its mark on the world stage. We engaged with industry leaders and the broader crypto community at major events around the globe such as Token2049, Korea Blockchain Week (KBW), [DevCon BKK, and Taipei Blockchain Week (TBW).
Our Co-Founder Ran Yi, had a busy year of thought leadership on stage at these events this year, given a platform to share the Orderly vision as well as his insights on DeFi’s evolution for 2025. Speaking recently on institutional adoption for DeFi, he said the following, which remains as true as ever:
“We’ve already seen the first institutions begin trading and participating in DeFi activities this year, but so far it’s been a trickle rather than a flood – and for the most part their crypto exposure remains limited to ETFs.
But that’s going to change next year and we know that because the infrastructure to support a surge of adoption has been getting rolled out all through 2024.”
Our growth has been nothing short of remarkable since the turn of the year, recording new highs by every single metric;
300K+ Unique wallets, $8 million+ in revenue (with 60% of that going to ORDER stakers), and $19 million in TVL – all recorded in 2024. With more DEXs coming onboard and further chain expansion, we are only beginning to scratch the surface and we are enthusiastic for the coming year.
By year’s end, our community will have now exceeded 250k+ passionate members, a testament to our community-centric approach . Regional expansion into Türkiye, China, Korea, and beyond ensured that our vision resonated in languages, cultural contexts, and trading communities unique to each market.
On social media, we surpassed 400k+ followers, strengthened by “Out of Order,” our fun biweekly Spaces series on X that distills numerous industry news into tangible alphas. Strategic partnerships in Asia, including alliances with VLS and KODA, have also served as gateways to informed user bases, enhancing local traders and developers’ interest in DeFi.
We reignited our community and took engagements to new heights, offering new, rewarding and event-driven roles open to all in the Orderly community.
With over 44,000 $ORDER tokens up for grabs every month, we redesigned our community to reward the Orderly faithfuls and passionate individuals within our community, spreading our gospel across CT and beyond.
Now, anyone can take up a role (crafters, mentors, and maxis) within the Orderly community and work their way up to the very top cadre attainable – Knights of the Order, alongside a whooping 10,000 ORDER tokens to be bagged up.
With new excitement injected into our community via the Orderly community program, we have transformed passive users into active stakeholders, making the community an essential pillar of Orderly Network’s evolution, every step of the way..
The Orderly Community Program isn’t time bound. Join the Orderly Community today to get started. Read more here
In a year defined by innovation and growth, we also found room for playful creativity via the introduction of Sir Otterly, the bravest, cutest, best-trading otter in the DeFi sphere. Orderly > Otterly. You get it!
Sir Otterly has since acquired his own dedicated playground on X and on the back of our community’s support for this furry hero, we also decided to sponsor the International Otter Survival Foundation (IOSF) as our way of saying thank you.
While we’re proud of our progress, we’re not slowing down. Our updated roadmap focuses on the mantra “Trade Anything, Anywhere,” to push the boundaries of permissionless listings, expand our liquidity infrastructure, and continue to abstract away unnecessary complication from the user. As the industry and markets evolve, we’re committed to staying adaptive, user-centric and forward-thinking.
The coming year ahead will bring new product features, more EVM and non-EVM expansions, enhanced trading functionalities, and more partnerships. We remain dedicated to lowering barriers, raising standards, breaking boundaries and ensuring that our ecosystem remains at the vanguard of Web3.
Soon, everyone will be on Orderly. Happy festive celebrations to you! 🎉
