Orderly Network recently announced a new expansion that will bring its omnichain services to the Mantle Network. The Mantle Network is well-known for its Ethereum’s Virtual Machine (EVM) compatible scalable modular Layer 2 (L2) solution, which is expected to greatly enhance trading for traders, protocols, and developers within the Mantle ecosystem.
Orderly Network has now joined forces with Mantle, allowing traders on the platform to access one of the deepest liquidity sources for decentralized perpetuals with centralized exchange (CEX)-like execution and gas-less trading. This integration enables trading across multiple EVM chains, providing high liquidity and fast execution speeds through an orderbook interface. Although all transactions will occur on-chain, the setup aims to offer a similar experience to centralized exchanges (CEXs) but in a safer manner.
One noteworthy aspect of this development is the shared liquidity model for omnichain perpetuals trading. Orderly Network consolidates liquidity from different chains into one orderbook, resulting in tighter spreads and reduced slippage, thus enhancing the efficiency of on-chain perpetuals trading. Traders will benefit from the flexibility to leverage up to 50x on various assets, while developers building decentralized exchanges (DEXs) can do so without concerns about liquidity.
Orderly Network’s goal is to make DeFi accessible to all users, including those who are new to on-chain activities. Gabriel Gareth Foo, the DeFi Growth Lead at Mantle, highlighted the cost-effectiveness of this partnership, which brings together both EVM and non-EVM chains in a way that has never been done before. This collaboration will provide unprecedented liquidity access for developers and traders.
The integration of Mantle Network’s robust modular capabilities with Orderly’s permissionless liquidity infrastructure has generated excitement from Ran Yi, who expects this partnership to attract builders and traders.
Orderly Network is committed to ensuring that DeFi works for everyone, including beginners in the space. They plan to continue expanding their efforts beyond the current achievements by introducing additional features, such as omnichain vaults, in future updates.
Tags: MNT
