TL;DR
- Idea: Omnichain on-chain orderbook infrastructure providing unified liquidity across EVM and non-EVM chains, enabling decentralized perpetual trading with institutional-grade performance.
- Catalyst: Recent Solana mainnet launch, expansion to major EVM chains, Quantum Pools launch, and new governance and SDK features scheduled.
- Risks: High competition from centralized and decentralized perps platforms, reliance on cross-chain messaging security, potential dilution from long emission schedule, limited governance utility until launched, and regulatory uncertainty around on-chain derivatives.
- Score: 8.00/ 10
Coin
- Name/ Ticker: Orderly Network (ORDER)
- Segment: DeFi
- Status: Active
- Price: $0.184200
Key Metrics
- Market Cap: $54 510 207
- FDV: $181 114 381
- Circulating Supply: 300 971 169
- Total Supply: 1 000 000 000
- Inflation: 0.00%
Sources
Technology
- USP: Unified omnichain orderbook combining EVM and non-EVM liquidity into a single orderbook, eliminating fragmentation.
- Core Technology: Built on OP Stack settlement layer and LayerZero cross-chain OFT standard, supporting multi-chain interoperable liquidity.
Roadmap
- 2022-04-01: Founded Orderly Network
- 2024-12-02: Launched omnichain orderbook on Solana mainnet
- 2024-12-27: Expanded to major EVM chains (Ethereum, Base, Mantle, Avalanche, Polygon)
- 2024-12-27: Secured $5M Series A funding led by OKX Ventures
- 2025-06-01: Launch of Quantum Pools for on-chain liquidity provisioning
Team & Investors
Team
- Co-Founder & CEO — Ran Yi: 16+ years in global asset management; ex-Partner at Kronos Research; co-founder of WOO Network and Orderly Network
- Co-Founder & CTO — Terence Ng: 12+ years in finance and trading technology; ex-lead roles at HaiChuanTech and Derivatives China
- COO — Arjun Arora: Former leadership roles at Bybit and Deutsche Bank; advisor in crypto and traditional finance
- Product Lead — Bryan Chu: Led product development and strategy across multiple DeFi and fintech projects
- Blockchain Software Engineer — Dmitry Blinov: Experienced in smart contract development and LayerZero integrations
- Growth & Marketing Lead — Kerri Yan-ling Xiao: Built community and go-to-market strategies for multiple crypto startups
Investors
- Pantera Capital — Seed • 2022-04-01 • $20.00M
- Dragonfly Capital — Seed • 2022-04-01
- Laser Digital — Seed • 2022-04-01
- OKX Ventures — Series A • 2024-12-27 • $5.00M
- Nomad Capital.VC
Total funding: $25.00M
Tokenomics
- Utility: Governance rights, earning VALOR (USDC revenue share), boosting trading and market making rewards, permissionless listings.
- Vesting: Strategic investors locked 6 months then 3.5-year linear vesting; Team & Advisors 1-year cliff then 3-year linear vesting; rewards unlocked over epochs (200 epochs ~7 years).
- Next Unlock: 2025-10-14 (0.08% of circulating)
Pros & Cons
Strengths
- Unified omnichain liquidity eliminates fragmentation
- Institutional-grade performance and low latency
- Permissionless perpetual listings for any token
- Robust staking model with USDC revenue share
- Comprehensive emission schedule aligning stakeholders
- Cross-chain OFT standard via LayerZero
- Strong backers and incubators including NEAR and WOO Network
Weaknesses
- Intense competition from centralized and decentralized perps platforms
- Reliance on LayerZero cross-chain messaging security
- Long-tail emission schedule may dilute token value
- Governance module not yet live limits token utility
- Regulatory uncertainty for on-chain derivatives
Market Signals (7d)
- TVL trend: increasing
- CEX volume trend: increasing
- Active addresses trend: increasing
Price Scenarios (target: 2026-03-30)
- Bear: $0.092100 — Assumes 50% decline from current price due to prolonged bear market conditions
- Base: $0.184200 — Current price maintained with flat market growth
- Bull: $0.368400 — Assumes 2x current price driven by increased adoption and liquidity expansion
How to Buy & Store
CEX
- Gate
- Kraken
- MEXC
- Bitget
- Binance
DEX
- WOO DEX
- IBX
- LogX Pro
- VOOI
- OXMarkets
Storage
- MetaMask
- Ledger
- Trezor
- Coinbase Wallet
- WalletConnect
Verdict
Orderly Network offers a differentiated omnichain orderbook solution with strong technology, incentives, and strategic backing, positioning it well among DeFi trading infrastructure, but faces execution and regulatory risks.
Official Links
Source: Coin Research (internal)
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