We are announcing the successful integration of BooDEX, a perpDEX backed by Ghosty Labs and renowned for its low fee and robust trading architecture. BooDEX will now offer onchain perps trading for all its users, powered by Orderly Network.
Furthermore, the team at BooDEX have announced a total giveaway of 500 USD for two winners in the form of 125 USD in native GHSY token and 125 USDT per winner. To enter this giveaway,
BooDEX will be the flagship perp DEX of Ghosty Cash, a multichain bridge and swap platform that enables seamless transfers across 70+ chains. In other words, BooDEX will readily leverage the multichain capabilities of Ghosty Cash, serving as an integrated hub for both swaps and perps trading.
BooDEX and Ghosty Cash are part of a comprehensive ecosystem being developed by Ghosty Labs, their parent company. The Orderly-BooDEX partnership will unlock new use cases for DeFi users, harnessing Orderly’s omnichain liquidity and Ghosty Cash’s extensive reach.
Ghosty Labs is not new in the Web3 and DeFi space. It is actively building an impressive ecosystem currently comprising two key products, with 2 more currently under development.
Readily, BooDEX is guaranteed deep liquidity by integrating with Orderly Network, the foremost liquidity source in DeFi. It will benefit from a pool that already supports 400k active users and has accumulated $70+ billion in transaction volume. Leveraging Orderly, BooDex unlocks a universe of benefits for its user base, including:
The partnership is significant and strategic in many ways. First, it unlocks liquidity for BooDEX users, enabling them to trade in a single shared orderbook alongside traders from other chains, creating a less fragmented DeFi landscape where perps trading across chains is seamless for all traders.
Furthermore, this partnership brings Bitcoin users into our robust omnichain infrastructure with the ongoing development of the Bitcoin multichain bridge by Ghosty Lab, boosting network activity, user-base and trading volumes on Orderly. With Ghosty Cash already boasting incredibly low fees on swaps, this integration effectively aims to offer competitive trading fees for traders with reduced slippage, and improved trading experience. Perp positions on BooDex will be settled on-chain alongside trades from other DEXs that Orderly supports, fostering an omnichain trading environment for frictionless onchain perps trading.
’’ It was a No-Brainer for us to integrate Orderly, we’re all about decentralizing control of our financial instruments from traditional CEXs and control platforms, so when we were approached by such a partner that has a track record of greatness, we could not resist, furthermore this only adds another outstanding product for our users, in which it goes hand in hand with complimenting our Cross chain swap application. Taxman, CSO, BooDEX.
Quizzing Arjun Arora, COO, Orderly Network, on the significance of the partnership, he said:
“Integrating BooDEX was an easy decision for us having seen what the Ghosty Labs team has been doing with their flagship product. Building a perp DEX further consolidates its already thriving suite of products, known for its broad reach, multichain capabilities, and commitment to enhancing user experience. With plans to expand the TON network through its multichain bridge development, the Ghosty ecosystem is setting up a robust and integrated ecosystem for DeFi. This BooDEX integration is another embodiment of what we do best at Orderly — providing deep liquidity to the finest projects in DeFi”
BooDex is a new perp DEX developed by Ghosty Labs. It offers low trading fees across markets, enabling users to trade securely across 70+ chains. By integrating with Orderly, BooDex will offer seamless perps trading, powered by Orderly’s omnichain infrastructure and deep liquidity. Learn more BooDEX: <https://app.boodex.com/>
Orderly Network is a permissionless liquidity layer for Web3 trading. Built on omnichain infrastructure, Orderly enables deep liquidity for any asset across multiple blockchains. Focused on a future of DeFi that’s open to all, Orderly empowers developers to fluidly create a comprehensive array of financial products for any level of trader, without the risks of wrapped asset movement through cross-chain bridging.
Learn more at orderly.network
For PR enquiries related to this release, please contact pr@orderly.network
