Orderly Network Raises $5 Million in Strategic Funding

The web3 liquidity provider Orderly Network successfully raised $5 million in strategic funding.

Key players such as OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol participated in this funding round, as noted in a release shared with The Block.

Orderly Network aims to tackle DeFi liquidity issues by merging orders from multiple blockchains into a unified orderbook. The platform currently supports the Ethereum mainnet, Polygon, Optimism, Base, Arbitrum, and Mantle.

The funds will be used to develop new products and enhance its on-chain liquidity. Furthermore, Orderly is gearing up for its token generation event, in which token stakers will receive 60% of Orderly’s net trading fees.

In a statement, Orderly co-founder Ran Yi emphasized, “Amid market volatility, Orderly Network continues to enhance its infrastructure and maintain its growth momentum. Our dedication to providing unchained liquidity for the Omni-DEX and the broader crypto trading ecosystem has earned us recognition and support from industry leaders.”

In 2022, Orderly Network raised $20 million in funding with notable participation from Three Arrows Capital, Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, Alameda Research, GSR Ventures, and MetaWeb.VC.