- Strategic investment of $5 million was raised by Orderly Network.
- Participating in the round were OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol.
$5 million in strategic funding was raised by Orderly Network, a supplier of web3 liquidity.
OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol took part in the new funding.
Orderly Network aims to address DeFi liquidity issues by combining orders from several blockchains into a single orderbook. As of right now, it works with Base, Arbitrum, Optimism, Polygon, Ethereum mainnet, and Mantle.
The platform intends to increase its on-chain liquidity and create new goods with the money. Orderly is also getting ready for its token generation event, which will provide token holders 60% of Orderly’s net trading fees.
Orderly co-founder Ran Yi stated in a statement that despite market volatility, Orderly Network is continuing to improve its infrastructure and keep up its growth momentum. Industry leaders have recognized and supported us for our commitment to provide unchained liquidity for the Omni-DEX and the larger crypto trading ecosystem.
With participation from Three Arrows Capital, Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, Alameda Research, GSR Ventures, and MetaWeb.VC, Orderly Network raised $20 million in investment in 2022.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
