Orderly Network and Very Long Swap Unveil Japanese PerpDEX
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Orderly Network Partners with Very Long Swap for PerpDEX
Orderly Network is pleased to announce a strategic partnership with Very Long Swap (VLS), a pioneering decentralized exchange (DEX) builder based in Japan. This collaboration signals an important step in expanding the Web3 ecosystem within the flourishing Asian markets.
Introduction of the First Japanese-built PerpDEX
Very Long Swap is a prominent DEX motivated by the highly regarded Japanese NFT project, Very Long Animals. With the necessary permissions to utilize the intellectual property from Very Long Animals, VLS is developing a platform that supports swaps, farming, and staking. This innovative platform targets one of Asia's most diverse and rapidly growing Web3 communities.
Growing Demand in the Asia-Pacific Market
The Asia-Pacific market is projected to experience remarkable growth, largely driven by the financial and banking sector's increasing adoption of blockchain technologies. As reported, this growth presents significant opportunities for decentralized finance (DeFi) initiatives in the region.
Integration with Japan Open Chain
This strategic partnership will enable VLS to develop the first-ever perpDEX tailored specifically for the Japanese market. Collaborating with the Japan Open Chain (JOC), VLS plans to deliver innovative DeFi solutions and facilitate the listing of a USD/JPY FX perpetual contracts asset pair.
Innovative Features of the Orderly Network
Orderly Network boasts an omnichain trading solution that aggregates orders from multiple chains into a single unified order book. This integrative approach not only enhances trading efficiency but also elevates liquidity and narrows market spreads for various assets across trading platforms.
Enhanced Trading Experience
Powered by cutting-edge technology, Orderly provides seamless, permissionless liquidity infrastructure for over 20 DEX platforms and brokers operating on its network. The platform supports six major blockchains, including Polygon, Arbitrum, Optimism, Base, Ethereum mainnet, and Mantle, allowing VLS traders to benefit from a shared order book while ensuring autonomy and transparency in the DeFi space.
Record Trading Volume and Financial Impact
Since its launch, Orderly Network has achieved a cumulative trading volume of $80 billion, with net fees surpassing $10 million. The platform recently recorded an impressive all-time high of $1.8 billion in 24-hour trading volume, highlighting its growing prominence in the global trading ecosystem.
Collaborative Efforts for Market Expansion
CEO of Very Long Swap, Takahiko Kojima, emphasized the rarity and potential of having a PERP feature within a Japan-based DeFi project. He expressed excitement about the collaboration with Orderly Network and the anticipation surrounding the upcoming PERP release among users.
About Orderly Network
Orderly Network is designed as a permissionless liquidity layer for Web3 trading, focused on creating deep liquidity for any asset across multiple blockchain networks. It is committed to generating a future of DeFi that is accessible to all, empowering developers to seamlessly create diverse financial products while eliminating risks associated with asset movement through cross-chain bridging.
Future Vision and Development
Orderly Network has ambitions to further expand its reach within the Asian market, especially in collaboration with established fintech powerhouses. This endeavor aims to position the region at the forefront of DeFi's evolution.
Frequently Asked Questions
What is the primary goal of the partnership between Orderly Network and Very Long Swap?
The partnership aims to develop the first-ever Japanese-built PerpDEX, enabling advanced trading options and expanding the Web3 ecosystem in Asia.
What features does the new PerpDEX offer?
The PerpDEX will provide swaps, farming, staking opportunities, and will include trading for a USD/JPY FX perpetual contracts asset pair.
How does Orderly Network enhance trading capabilities?
Orderly Network aggregates orders from multiple chains, improving trading efficiency, liquidity, and market spreads across various platforms.
What is the significance of the Japan Open Chain integration?
Integrating with the Japan Open Chain enables Very Long Swap to deliver innovative DeFi solutions and enhances the overall trading landscape for Japanese users.
How has Orderly Network performed in terms of trading volume?
Since its inception, Orderly Network has recorded a cumulative trading volume of $80 billion, demonstrating its strong performance and growing influence in the trading sector.
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