Orderly Network Partners with Very Long Swap for PerpDEX
Orderly Network is excited to announce a strategic partnership with Very Long Swap (VLS), an innovative decentralized exchange (DEX) builder based in Japan. This collaboration marks a significant milestone in enhancing the Web3 ecosystem within the rapidly growing Asian markets.
Introducing the First Japanese-built PerpDEX
Very Long Swap is a well-known DEX inspired by the acclaimed Japanese NFT project, Very Long Animals. With the necessary permissions to utilize the intellectual property from Very Long Animals, VLS is working on a platform that will support swaps, farming, and staking. This groundbreaking platform aims to serve one of Asia's most diverse and swiftly expanding Web3 communities.
Rising Demand in the Asia-Pacific Market
The Asia-Pacific market is set to experience remarkable growth, primarily fueled by the increasing adoption of blockchain technologies within the financial and banking sectors. This growth presents substantial opportunities for decentralized finance (DeFi) initiatives across the region.
Collaboration with Japan Open Chain
This strategic partnership will empower VLS to create the first-ever perpDEX specifically designed for the Japanese market. By working alongside the Japan Open Chain (JOC), VLS aims to introduce innovative DeFi solutions and facilitate the listing of a USD/JPY FX perpetual contracts asset pair.
Innovative Features of the Orderly Network
Orderly Network features an omnichain trading solution that consolidates orders from various chains into a single, unified order book. This integrative approach enhances trading efficiency, boosts liquidity, and reduces market spreads for different assets across trading platforms.
Improved Trading Experience
Leveraging advanced technology, Orderly provides a seamless, permissionless liquidity infrastructure for over 20 DEX platforms and brokers operating within its network. The platform supports six major blockchains, including Polygon, Arbitrum, Optimism, Base, Ethereum mainnet, and Mantle. This allows VLS traders to take advantage of a shared order book while maintaining autonomy and transparency in the DeFi landscape.
Record Trading Volume and Financial Impact
Since its launch, Orderly Network has recorded a staggering cumulative trading volume of $80 billion, with net fees exceeding $10 million. Recently, the platform achieved an impressive all-time high of $1.8 billion in 24-hour trading volume, underscoring its rising prominence in the global trading ecosystem.
Collaborative Efforts for Market Expansion
Takahiko Kojima, CEO of Very Long Swap, highlighted the uniqueness and potential of having a PERP feature within a Japan-based DeFi project. He expressed enthusiasm about the partnership with Orderly Network and the excitement surrounding the forthcoming PERP release among users.
About Orderly Network
Orderly Network is designed as a permissionless liquidity layer for Web3 trading, dedicated to creating deep liquidity for any asset across multiple blockchain networks. The platform is committed to fostering a future of DeFi that is accessible to everyone, empowering developers to effortlessly create a variety of financial products while mitigating risks associated with asset movement via cross-chain bridging.
Vision for Future Development
Orderly Network aims to further extend its footprint within the Asian market, particularly in collaboration with established fintech leaders. This initiative seeks 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 create the first-ever Japanese-built PerpDEX, which will provide advanced trading options and help expand the Web3 ecosystem in Asia.
What features does the new PerpDEX offer?
The PerpDEX will include swaps, farming, and staking opportunities, as well as trading for a USD/JPY FX perpetual contracts asset pair.
How does Orderly Network enhance trading capabilities?
Orderly Network consolidates orders from multiple chains, which improves 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 allows Very Long Swap to deliver innovative DeFi solutions, enhancing the overall trading experience for Japanese users.
How has Orderly Network performed in terms of trading volume?
Since its inception, Orderly Network has achieved a cumulative trading volume of $80 billion, showcasing its strong performance and growing influence in the trading sector.
