Orderly Network secures $5 million in a new strategic funding round
Summary
Orderly Network, a Web3 liquidity provider, has secured $5 million in strategic funding, as indicated by the latest update provided to Finbold on August 16.The capital comes from several notable players, including OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol.Orderly Network aims to tackle liquidity issues in decentralized finance (DeFi) by consolidating orders from various blockchains into a single orderbook.Currently, the platform supports Ethereum (ETH) mainnet, Polygon (MATIC), Optimism (OP), Base, Arbitrum, and Mantle.The new funds will help Orderly Network develop new products and strengthen on-chain liquidity, as well as prepare for the upcoming token generation event, where token stakers will receive 60% of the platforms net trading fees.Ran Yi, Orderly Network co-founder, commented on the platforms dedication to unchained liquidity, stating:This latest funding round follows Orderlys 2022 raise of $20 million, which saw participation from big names like Three Arrows Capital, Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, Alameda Research, GSR Ventures, and MetaWeb.VC.