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Orderly Network Weekly Report: TGE will be held on August 26, with significant growth in users and transaction volume

Orderly Network Weekly Report: TGE will be held on August 26, with significant growth in users and transaction volume

BlockBeatsBlockBeats2024/08/18 00:54
By:BlockBeats

Orderly Network announced that its TGE will be held on August 26, and the Merits activity will enter its final cycle.

Orderly Network announced new futures contracts listings, including Curve Finance’s CRV. Orderly Network’s integration with FUNL.AI will optimize the trading experience for Telegram users, claiming to be the first automated AI agent for full-chain trading in Telegram.


In addition, Orderly Network’s partnership with Zotto AI will simplify on-chain perpetual contract trading.


Zotto uses AI-driven smart agents to automate on-chain strategy trading through its own Orderly-powered Perp DEX.


TGE will be on August 26


Orderly Network announced that its TGE will be conducted on August 26. The ORDER token economy aims to foster a strong and sustainable ecosystem. The strategy not only supports governance and staking activities, but also enhances liquidity and promotes community participation. Through this model, the Orderly Network aims to establish a fair economic environment where value is fairly distributed and contributions are duly recognized.


Orderly Network's economic ecosystem is composed of a diverse range of participants, each of whom plays a vital role in supporting and advancing the platform's DeFi goals. Market makers, traders, ORDER holders and builders are at the heart of this ecosystem, ensuring liquidity, vitality and innovation within the network, thereby ensuring its success and long-term viability.


ORDER has a total supply of 1 billion tokens, which will be issued on the Ethereum network as ERC-20 and on other chains in the form of OFT.


Orderly Network Weekly Report: TGE will be held on August 26, with significant growth in users and transaction volume image 0


Received $5 million in strategic investment from OKX Ventures and other institutions


Orderly Network has received a $5 million strategic investment from multiple institutions including OKX Ventures. This funding will provide strong support for Orderly Network's business development, innovation and growth, and accelerate the development and deployment of key upgrades and features.


In the seed round of financing, Orderly Network received $20 million in investment from well-known institutions such as Pantera, Sequoia China, Laser Digital, Dragonfly, and Jump. Recently, Orderly received another $5 million investment from OKX Ventures and other investors such as Manifold Trading, Presto Labs, LTP, Nomad Capital and Origin Protocol. More details can be found here.


Orderly Network Weekly Report: TGE will be held on August 26, with significant growth in users and transaction volume image 1


Merits Points Event


The Road to the Order event has entered its 20th and final cycle, which will be the last chance for users to earn Merits points. 1,300,000 Merits points will be issued in this cycle.


Orderly Network Weekly Report: TGE will be held on August 26, with significant growth in users and transaction volume image 2


Statistics


According to Statistics, Orderly Network has achieved significant growth in both its user base and transaction volume. Currently, the total TVL exceeds $25 million, Orderly Network has more than 290,485 independent wallets and 419,119 accounts, and has processed more than $78 billion in transactions, with a transaction volume of $141,192,881,000 in the past 24 hours.


Orderly Network Weekly Report: TGE will be held on August 26, with significant growth in users and transaction volume image 3


DEX Trading Volume Ranking


In the trading volume ranking of all DEXs, WOOFi ranked first with a trading volume of 1.07 billion US dollars. It was followed by LogX Pro, which ranked second with a trading volume of 293.4 million. Vooi ranked third with a trading volume of 215.9 million. In addition, IBX and Sharpe AI both ranked fourth with a trading volume of 16.4 million.


WSOT X Crypto Trading Competition


The first DeFi trading competition held by Orderly Network has ended. The competition attracted many participants, and Rhino won the championship with a return rate of 13.17% and a total score of 62 points. Jordi Alexander ranked second with a return rate of -72.09% and a total score of 60 points. Satsdart ranked third with a return rate of -55.49% and a total score of 54 points.


Orderly Network Weekly Report: TGE will be held on August 26, with significant growth in users and transaction volume image 4


About Orderly Network


Orderly Network was founded in April 2022 and is incubated by NEAR and WOO Network. The platform uses an order book-based trading mechanism combined with cross-chain liquidity and fast execution capabilities to minimize transaction latency. Orderly Network combines the trading speed and liquidity advantages of centralized exchanges while maintaining the transparency, decentralization, and instant settlement capabilities of decentralized finance.


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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