Orderly Network is a combination of an orderbook-based trading infrastructure and a robust liquidity layer offering spot and perpetual futures orderbooks. Unlike traditional platforms, Orderly doesn’t have a front end; instead, it operates at the core of the ecosystem, providing essential services to projects built on top of it.
Our DEX white-label solution is carefully crafted to save builders time and capital while granting access to our bootstrapped liquidity. Picture having the best features of CEXs while keeping settlements on-chain and maintaining full self-custody.
With Orderly, anyone can create a trading application thanks to our seamless plug-and-play experience leveraging our liquidity and composability.
Looking ahead, our grand vision is to create an omnichain protocol, connecting traders from both EVM and non-EVM chains within the same orderbook.
Developers can build a full suite of products:
Brokers: Create your own Spot or Perps DEX effortlessly on NEAR, and Perps DEX on EVM. Benefit from our professional trading infrastructure and deep liquidity.
Spot Aggregators: Access our deep liquidity to secure the best rates in the market for major assets. Drive volume through our platform and earn a share of the trading fees.
Perps Aggregators: Unlock the power of shared orderbook and liquidity. Access to all of Orderly’s Perps ecosystem liquidity directly by creating a front-end.
Wallets & Custodians: Connect to Orderly and offer your users the best Swap rates for major assets. Build your own Swap widget powered by Orderly and open up our ecosystem to all your users.
Trading Desks & Sophisticated Traders Use our API and enjoy a CEX-level trading experience thanks to our low-latency orderbook.
Games/dApps: Enhance your in-app experience and token utility with our in-game Swaps using the built-in widget. Keep your users engaged in your app and avoid redirecting them to third parties.
Trading Bots: Connect to our orderbook and offer the industry’s best Spot & Perps rates. Enjoy SL/limit orders, gasless transactions, and fully customizable fees.
Hedging: Safeguard your positions on other exchanges by using our orderbook for effective hedging strategies.
Traders can explore an ecosystem of front-ends built on Orderly. A comprehensive list can be found here.
Fees are deducted from the converted token for spot(e.g. converting USDC to ETH will incur fees in ETH) and added to the cost position for perps (denominated in USDC).
More info on the fee structure here.
Yes! We are always looking to list more tokens on the platforms. Please reach out to us if you want your token listed.
MARKET: It matches until the full size is executed. If the size is too large (larger than the whole book) or the matching price exceeds the price limit (refer to
price_range), then the remaining quantity will be canceled.
IOC (Immediate or Cancel): It matches as much as possible at the order_price. If not fully executed, then the remaining quantity will be canceled.
FOK (Fill or Kill): If the order can be fully executed at the order_price, then the order gets fully executed otherwise would be canceled without any execution.
POST ONLY: If the order executes with any maker trades at the time of placement, then it will be canceled without any execution.
REDUCE ONLY: Executes buy or sell orders which only reduce a current position
There are a couple of reasons:
Separating the rights for trading and other operations, which is crucial for larger companies and institutions.
Verify order contents uploaded by the operator corresponds to an order sent by the user when the trade is settled. Since the orders don’t go through the smart contract which uses Access Keys, we need trading keys, so that the operator cannot create fake orders not coming from the users
All orders coming into the Orderly off-chain matching engine are signed by users’ private trading keys and are settled on-chain with those signatures. Public keys are stored on the contract and the signatures are verified thus validifying orders.
The above model ensures that even in the event operator gets compromised, no fake orders are executed and all user funds are safe.