What is ORDER

I. Project Introduction

1. What Is Orderly Network?

Orderly Network is headless multi-chain trading infrastructure for perpetual contract applications. Developers can build their own trading frontends through APIs, SDKs, UI components, or no-code tools, and connect to Orderly's unified order book, shared liquidity, account system, risk engine, and on-chain settlement facilities.

2. How Does Orderly Network Work?

User assets are held in on-chain vaults on each supported network, and trade orders are signed with the user's trading key before being sent to the order book. Orderly's off-chain central limit order book handles low-latency matching, after which trade data is written to the Orderly L2 for on-chain settlement and periodically settled to Ethereum. Different networks and trading frontends connect to the same order book, allowing users to share liquidity while retaining self-custody of their assets. Orderly also enables developers to create standalone trading frontends and permissionless perpetual contract markets.

3. Who Founded Orderly Network?

Orderly Network was co-founded in 2022 by Ran Yi and Terence Ng. Ran Yi has a long background in asset management and crypto finance, while Terence Ng has experience in derivatives trading, order management, market making, and fintech. The project completed a USD 20 million funding round in 2022 and secured more than USD 5 million in strategic investment in August 2024, bringing total disclosed funding to more than USD 25 million.

4. Orderly Network Tokenomics

ORDER has a maximum supply of 1 billion tokens, with the Community holding 55%, Team & Advisors 20%, Strategic Investors 15%, and the Foundation 10%. The community allocation includes a retroactive airdrop of 13.3%, ecosystem incentives of 25%, builder rewards of 8.35%, and future product incentives of 8.35%. Users can stake ORDER or esORDER to earn VALOR and participate in protocol rewards and governance. Starting in November 2025, the protocol uses up to 60% of net fees every two weeks to buy back ORDER; half is distributed to stakers as linearly vesting esORDER, and the other half goes to a community governance wallet.

5. Timeline of Key Milestones

• April 2022: Orderly Network is founded.
• 2022: A USD 20 million funding round is completed.
• August 2024: The ORDER token is launched, and the project secures more than USD 5 million in strategic investment.
• December 2024: The multi-chain perpetual order book expands to Solana, sharing order book liquidity with EVM networks.
• November 2025: The protocol-revenue-driven ORDER periodic buyback mechanism goes live.
• April 2026: Permissionless perpetual market creation goes live.
• August 2026: Perp Anything launches, allowing developers to create and operate new perpetual contract markets based on price feeds.​

II. Cryptocurrency Information

Name: ORDER (Orderly)

III. Related Links

Official Website:https://orderly.network/

Blockchain Explorer:https://etherscan.io/token/0xabd4c63d2616a5201454168269031355f4764337

Social Media:

https://x.com/OrderlyNetwork

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.