Nov 06, 2023
Product
Orderly Omnichain Mainnet Launch: A Truly Chain-agnostic Infrastructure for DeFi Builders
by Orderly Network
In the ever-evolving world of decentralized finance (DeFi), the quest for more innovative, inclusive, and interconnected platforms is ceaseless. Orderly Network sits amongst the pioneers leading this charge, and we have taken a monumental leap with the recent launch of our mainnet, Orderly Omnichain.
This landmark evolution represents a transcendence beyond the confines of the NEAR blockchain — the birthplace of our vision to be the foundational backend for permissionless Web3 trading and liquidity — heralding an era of boundless possibilities across all blockchain networks.
The journey from Orderly v1 on the NEAR blockchain to the development of Orderly Omnichain is akin to the transformation of a caterpillar into a butterfly. While Orderly v1 marked a significant stride in DeFi, Orderly Omnichain is a quantum leap. It’s not just an upgrade; it’s a reinvention — a transformation that promises unparalleled functionalities and an expanded spectrum of opportunities for DeFi enthusiasts.
Orderly Omnichain Testnet wasn’t just a trial run; it was a glimpse into the future of DeFi. Serving as a sandbox for Web3 teams, it offered a risk-free environment to explore the vast expanse of our omnichain integration. This test phase was an incubator for innovation, where ideas could sprout wings and soar into the realm of possibilities.
WOOFi, the decentralized arm of WOO Network, took Orderly’s perp infrastructure for a test drive on the Arbitrum testnet. The result? Nothing short of spectacular. With billions of dollars in trading volume processed seamlessly, the success of this trial run has been a testament to the robustness and potential of Orderly Omnichain.
A standout feature of Orderly Omnichain is its compatibility with the Ethereum Virtual Machine (EVM) ecosystem. This is no small feat — it’s a game-changer. It means that builders, whether crafting new dApps or enhancing existing ones, can now seamlessly leverage Orderly’s capabilities. It’s akin to giving an artist a broader palette of colors; the potential for creativity is limitless.
Orderly’s EVM expansion has begun with our vaults deployed already on Arbitrum, with plans to expand to all major EVM chains (e.g. Polygon, OP, Avalanche, Scroll, Linea, etc) in the very near future.
At its core, Orderly Omnichain offers an institutional-grade trading infrastructure, distinguished by shared liquidity available across multiple blockchain networks. Top DeFi apps currently exist as separate entities across various chains, each often with more liquidity than the other. In essence, top dApps, like Uniswap can now offer a unified trading experience via a single interface, irrespective of its underlying chain.
The best part? Your assets don’t move around. Yes, they remain safely in a vault on the chain of your choosing. Powered by LayerZero’s robust communication protocol, only messages are transferred across each blockchain network. This innovative approach completely eradicates the risk associated with bridging or wrapped assets; hence, your asset’s security is guaranteed.
The shared liquidity model and low latency features of Orderly Omnichain are not just buzzwords — they are pivotal elements that redefine the trading landscape in DeFi. Our shared liquidity model ensures that your dApps have ready-to-use liquidity, not confined to a single blockchain network — fueled industry-leading market makers.
Low latency, on the other hand, ensures that your transactions are swift, rivaling the speeds of centralized and traditional trading platforms — opening up DeFi to institutional traders. With an average latency less than 200ms, builders can offer perp trading for even high-frequency trade execution.
Together, these elements create a trading ecosystem that’s not just efficient, but also exhilarating.
To all DeFi builders, visionaries, and innovators — Orderly Omnichain extends a cordial invitation. Orderly Omnichain is your canvas, and the tools provided are your brushes. It’s time to create dApps that aren’t just functional but phenomenal. It’s time to construct experiences that don’t just satisfy but mesmerize.
Orderly Omnichain is more than an expansion to the EVM ecosystem; it’s a paradigm shift. It’s a foundational backend connecting diverse blockchain territories, a beacon guiding the way to a unified DeFi landscape. As we embrace this new chapter, the horizons of what’s possible in the blockchain world expand exponentially.
