Orderly Network Weekly Report: Single-day transaction volume hits a new high of $1.8 billion, token stakers will receive 60% fee rewards

ORDER Token Economics

Holders of the Orderly Network token, ORDER, receive 60% of net fee income distributed in the form of USDC. To date, Oderly has generated over $8.1 million in fees. The earlier and longer token holders stake their tokens, the more value they receive through a metric called “valor.” Staking ORDER will also provide additional rewards to any trader using the Orderly Network’s integrated DEX, and will also be key to calculating future trading and market-making rewards.

Staking ORDER tokens will give holders decentralized governance rights to participate in key decisions of the Orderly Network, and as the governance mechanism is formalized, they will be able to have a say in key aspects of the network’s development. In addition, Orderly Network’s upcoming new products and integrations with third-party DeFi protocols will further expand the utility of the ORDER token, bringing richer benefits and opportunities to token holders.

The total supply of ORDER tokens is set at $1 billion. Of this, 55% will be used for ecosystem development, including airdrops; 20% will be allocated to the Orderly team and its advisors; 15% will be allocated to strategic investors; and the remaining 10% will be deposited into the Orderly Foundation's treasury to support exchange liquidity and other related matters. In addition, 13.3% of the total supply will be dedicated to airdrops.

The date of currency issuance, the process of claiming tokens, etc. will be announced, and more details can be found here.

Orderly Network Expansion

Orderly-Chain is working with the 10,000 TPS Monad public chain to bring a highly scalable EVM-compatible infrastructure and support for cross-chain perpetual contracts.

BTSE DEX is now live on Orderly Omnichain, providing up to 50x leverage for on-chain perpetual contracts. BTSE DEX, the decentralized finance arm of crypto exchange BTSE, has successfully completed its integration on Orderly Omnichain. As one of the first protocols to integrate with the Orderly Network’s NEAR instance, this integration further strengthens the robustness of the Orderly ecosystem and infrastructure.

KAI Exchange has now integrated with Orderly-Chain to provide on-chain perpetual contracts. With over 400,000 on-chain traders and a massive trading volume of over $70 billion, KAI Exchange has brought Web3 on-chain perpetual contract trading to users through its partnership with Orderly Network.

Latest Statistics

According to the current statistics, Orderly Chain's trading volume has reached $76.9 billion, and set a new record of $1.8 billion in a single day. Currently, the number of unique wallets has increased to 289,656, while the total number of accounts is 418,006.

In the last 90 days, our average daily trading volume has stabilized at around $407 million. Builders has accumulated more than $9.4 million in revenue, and the Orderly platform itself has also earned more than $8.1 million.

Builders Data

The DEX powered by Orderly Chain, WOOFi Pro, topped the list with a total trading volume of $27.05 billion. It is followed by LogX Pro, which has a trading volume of about $4.74 billion. Vooi ranks third with a trading volume of $3.13 billion. EMDX ranked fourth with $800 million in volume, while IBX ranked fifth with $702 million in volume.

WSOT X Crypto Championship

Currently, the competition has entered its final week. The winner will also be announced on Monday. The competition has experienced 5 liquidations, with only one trader (CL) in profit.

According to the official results released on August 10, satsdart ranked first with a profit of 1143USDC, CL ranked second with a profit of 1106USDC, and Jordi Alexander ranked third with a profit of 330USDC.

About Orderly Network

Orderly Network was founded in April 2022 and incubated by NEAR and WOO Network. The platform uses an order book-based trading mechanism, combined with cross-chain liquidity and fast execution capabilities, and is committed to minimizing transaction delays. Orderly Network combines the trading speed and liquidity advantages of centralized exchanges while maintaining the transparency, decentralization, and instant settlement capabilities of decentralized finance.