TechFlow News, August 15 — According to The Block, Web3 liquidity provider Orderly Network has announced a $5 million strategic funding round. Participants in this round include OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol.
Orderly Network aggregates orders from multiple blockchains into a single unified order book to address DeFi liquidity fragmentation. The platform currently supports Ethereum Mainnet, Polygon, Optimism, Base, Arbitrum, and Mantle. The funds will be used to develop new products and enhance on-chain liquidity. Additionally, Orderly is preparing for its token generation event, where Orderly token holders will receive 60% of net trading fees.
In 2022, Orderly Network previously raised $20 million from institutions including Three Arrows Capital, Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, Alameda Research, GSR Ventures, and MetaWeb.VC.
