Orderly Omnichain Testnet Launch: Powering the Next Generation of dApps Through Our Omnichain Infrastructure
Orderly Network introduces Orderly Omnichain Testnet — Calling on all builders to shape the future of dApps
In the ever-evolving landscape of decentralized applications (dApps), adaptability and scalability are the keys to survival. As a pioneering force in the blockchain space, Orderly Network understands the need for continuous innovation to meet the demands of the burgeoning DeFi ecosystem.
With Orderly already making its mark on the NEAR blockchain, powering decentralized order books and perps trading on top dApps (such as WOOFi, and ReF Finance), we are set and excited to embark on a groundbreaking journey towards an omnichain future with the introduction of the Orderly Omnichain Testnet.
The Orderly Omnichain Testnet is set to launch on 13th Sept. 2023, extending our innovative product suite to the birthplace of DeFi — the EVM ecosystem.
The Need for Omnichain Solutions
The limitations of single-chain solutions have become evident as the DeFi space matures. It’s clear that it won’t be one blockchain to rule them all as an explosion in L2s and alternative L1s are extremely popular. At Orderly, we aim to cater to all dApps and to achieve this, we must advance omnichain.
Enter omnichain solutions: Omnichain systems allow dApps to operate seamlessly across multiple blockchains, tapping into their unique strengths while bypassing their weaknesses. By expanding beyond NEAR to leading networks like Arbitrum, Optimism, Linea, Polygon, Scroll, and Avalanche, Orderly Network is positioning itself at the forefront of this transformative shift.
Orderly Omnichain Testnet: Exploring New Horizons
The Orderly Omnichain Testnet is more than just an upgrade; it’s a channel to the future of DeFi. This testnet introduces a range of features and enhancements compared to its predecessor on NEAR — Orderly v1. It serves as a sandbox for developers, allowing them to explore the possibilities of omnichain integration in a risk-free environment.
One of the most exciting aspects of Orderly Omnichain is its compatibility with the Ethereum Virtual Machine (EVM) ecosystem. This means that developers of new and existing dApps can easily leverage Orderly’s capabilities to create modular dApps tailored to their users’ needs.
Builders can create their own Perps DEX on top of a low latency and shared liquidity CLOB trading infrastructure, accessible from all the main EVM chains. In essence, a Polygon trader can engage in transactions with counterparts on different chains such as Arbitrum or AVAX, all without departing from the Polygon network. No bridging of funds is necessary, eliminating additional intricacies. Simply visit your preferred dApp(front-end broker), connect your wallet, and initiate trading.
Orderly Omnichain High-Level Architecture
Orderly Omnichain architecture has three main layers at its core:
Asset Layer -This layer resides on each chain Orderly Network supports in the EVM ecosystem.
- Users interact with this layer when registering their accounts, depositing, or withdrawing funds from their wallets.
Settlement Layer — This layer resides on a single chain and powers all cross-chain messaging operations
- Users do not interact with this directly and only used as a transaction ledger
Engine Layer — This layer powers the Orderbook and order-related services on Orderly Network
- Users interact with this when managing orders, trades, and transactions
This innovative design of the Orderly Omnichain takes our solution to the next level, enabling out-of-the-box (OOB) development of chain-agnostic DEXs and dApps best suited to serve both individual and institutional traders.
Want to build on Orderly? Explore our comprehensive documentation here
Why should you build on Orderly Omnichain?
Accelerated DEX development
Develop a Central Limit Order Book (CLOB) DEX 10 times faster than traditional methods. Launching an omnichain perpetual trading DEX has never been easier.
Time-Saving Integration
Orderly Network’s solution saves development teams over 200 hours on each integration, allowing you to focus on what truly matters: building user-centric interfaces.
Streamlined DeFi Innovation
Unlock the full potential of your DeFi application, solving bigger problems, and reducing operational costs.
Seamless Integration Across Multiple Use-Cases
Orderly’s tech stack caters not only to DEX development but also supports seamless CLOB perp trading integration for brokers, aggregators, wallets & custodians, HFT, trading bots, games/dApps, and more
Reimagined Multichain Trading
Powered by LayerZero’s advanced multichain interoperability, developers can create chain-agnostic dApps, eliminating the need for traditional bridges in multichain applications. This benefits both builders and end-users, offering unified liquidity across blockchains powered by Orderly’s omnichain settlement layer and institutional-grade orderbook infrastructure.
CEX-like performance with Robust Liquidity
Experience CEX-like performance while maintaining the transparency, self-custody, and on-chain trading execution of DEXs. With an average latency less than 200ms, builders can offer perp trading for even high-frequency trade execution.
Additionally, Orderly ensures deep liquidity through top-tier market makers, guaranteeing tight spreads, depth, and 100% uptime for users.
Modular dApp Development with Orderly
At the heart of Orderly’s value proposition is the concept of modular dApp development. We understand that one size does not fit all in the world of DeFi. Developers should have the flexibility to integrate our CLOB order books and perp trading features into new or existing dApps as they see fit.
With Orderly, it’s not just about adding functionality; it’s about enhancing the user experience. By simplifying complex infrastructure requirements, we empower developers to create dApps that are more accessible and user-friendly.
The Future of DeFi with Orderly
As the DeFi landscape continues to evolve, Orderly Network is committed to staying at the forefront of innovation. Our omnichain approach promises to bring a new level of composability and scalability to the DeFi space. By combining the strengths of multiple blockchains, we aim to create a future where decentralized finance is not only efficient but also accessible to all.
About Orderly Network
Orderly Network is not just another blockchain project; it’s a vision of creating a seamless trading infrastructure that transcends the boundaries of individual blockchains. Our mission is to provide developers with the tools and features they need to build dApps that are as flexible as they are powerful. We believe in combining the transparency and composability of decentralized exchanges (DEXs) with the speed and performance of centralized exchanges (CEXs) to redefine DeFi.
The Orderly Omnichain Testnet launch marks a significant milestone in our journey towards an omnichain future. We invite developers, enthusiasts, and the entire crypto community to explore the opportunities presented by Orderly’s expansion. Together, we can power the next generation of dApps and redefine the world of DeFi.
Join us on this exciting journey, and let’s shape the future of DeFi together.
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