Cryptocurrency
Orderly Network Expands to Polygon PoS, Bringing Advanced Perpetuals Trading to Quickswap

[PRESS RELEASE – New York, USA, May 23rd, 2024]
Orderly Network has partnered with Quickswap, the leading DEX on all Polygon chains, to launch QuickPerps: Falkor, a next-generation decentralized Perpetual Exchange. This integration unlocks a new level of functionality for DeFi traders on Polygon PoS, with key benefits powered by Orderly’s innovative omnichain vaults:
- Enhanced Liquidity: Orderly’s robust liquidity layer combines with Quickswap’s, enabling leveraged trading with tighter spreads and lower slippage.
- Effortless Cross-Chain Trading: Deposit, withdraw, and trade assets seamlessly across all major EVM chains supported by Orderly, directly from the Falkor vault. No asset bridging required.
- Zero-Gas Leveraged Trading: Enjoy Polygon PoS’s fast network and low fees for vault deposits. Leveraged trading within the vault happens entirely gas-free thanks to Orderly Network.
- CEX-Like Experience: A familiar orderbook interface powered by Orderly’s CLOB infrastructure simplifies trading for both new and experienced users.
- Advanced Order Controls: Manage risk effectively with limit orders – all available within the user-friendly interface.
This collaboration positions Quickswap to become the go-to DEX for leveraged trading on Polygon PoS. By solving the re-org issues that plagued previous perpetual protocols, Falkor has the potential to ignite a surge in trading volume on the platform.
Said Arjun Arora, COO of Orderly Network: “Partnering with QuickSwap aligns with Orderly’s mission to empower DEXs with superior infrastructure that enables them to rival traditional CEXs in functionality and performance. This integration is also a testament to Orderly Network’s versatility, as it enables an Automated Market Maker like QuickSwap to widen their product offering and offer perpetual futures for the first time on Polygon PoS.”
Said Sameep Singhania, Core Contributor at QuickSwap: “Our partnership with Orderly Network marks a significant leap forward for QuickSwap and the DragonFi ecosystem. By integrating Falkor with Orderly Network’s omnichain vault system, QuickSwap can empower its users with the best-in-class leveraged trading experience, complete with zero-gas fees, deep liquidity, and a user-friendly interface.”
Orderly Network has come a long way in a short amount of time. Since launching in 2022, Orderly has already surpassed US$38 billion in trading volume, and integrated some of the world’s highest-caliber decentralized exchanges into its novel permissionless liquidity layer. Backed by major investors like Sequoia China, Pantera Capital, Primitive Ventures, Dragonfly Capital, Jump Crypto, and GSR Ventures, Orderly has rapidly gained traction with DeFi builders and traders alike.
A Perfect Match for DeFi Growth
Polygon PoS’s fast network, cheap fees, and large user base (over 400k daily active users) create the perfect environment for DeFi to thrive. Orderly’s robust infrastructure, combined with Quickswap’s reach and Polygon PoS’s scalability, positions this collaboration as a major step forward for omnichain trading and DeFi on Polygon PoS.
“The integration of Orderly Network’s advanced perpetuals trading system into Quickswap marks a significant advancement in DeFi on Polygon PoS,” said Jack Melnick, Head of DeFi, Polygon Labs. “This development, supported by Orderly’s innovative omnichain vaults, underscores a vision of fostering a scalable, efficient, and user-friendly DeFi ecosystem.”
About Orderly Network
Orderly Network is a combination of an orderbook-based trading infrastructure and a robust liquidity layer offering spot and perpetual futures orderbooks. Unlike traditional platforms, Orderly doesn’t have a front end; instead, it operates at the core of the ecosystem, providing essential services to projects built on top of it.
Orderly Network’s DEX white-label solution is carefully crafted to save builders time and capital while granting access to our bootstrapped liquidity. Picture having the best features of CEXs while keeping settlements on-chain and maintaining full self-custody.
With Orderly, anyone can create a trading application thanks to our seamless plug-and-play experience leveraging our liquidity and composability.
Looking ahead, Orderly Network’s grand vision is to create an omnichain protocol, connecting traders from both EVM and non-EVM chains within the same orderbook.
For more information, users can visit Orderly Network’s: Official Website | Twitter | Telegram | Discord | Linkedin
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Cryptocurrency
Ripple v. SEC Lawsuit Updates, Cardano (ADA) Price Predictions, and More: Bits Recap Feb 7

TL;DR
- The legal battle between Ripple and the SEC continues, but recent changes in the regulator’s leadership may favor the company.
- Analysts predict a parabolic rally for Cardano (ADA), with strong fundamentals and rising adoption signaling a possible breakout despite recent price declines.
- Whales accumulated 750 million DOGE during the dip, and analysts see $0.17 as a potential bottom before a major price surge.
More Changes at the SEC
Over the past few years, Ripple secured some vital partial court wins that seemingly positioned the regulator as the underdog in the legal tussle. Most recently, the SEC enforced some amendments to its leadership, which could also be interpreted as good news for the company.
As CryptoPotato reported, the agency moved Jorge Tenreiro to its computer systems management department. The law expert joined the agency 11 years ago and signed the SEC’s notice of appeal in its case against Ripple.
The plea was submitted in October last year, challenging Judge Torres’ 2023 decision. At that time, she ruled that Ripple’s sales of XRP to retail investors through centralized exchanges did not violate securities regulations.
Earlier this year, the SEC’s former Chairman, Gary Gensler, stepped down. The agency had a quite hostile approach towards the cryptocurrency industry during his tenure, and somewhat expectedly, the XRP community cheered his resignation.
His role was succeeded by Mark Uyeda, who is pro-crypto and even criticized the SEC’s previous leadership for launching a war on the sector.
ADA Bull Run in the Cards?
Cardano’s native token suffered the consequences of the market decline at the start of the business week and is currently deep in the red on a 7-day scale, trading at approximately $0.71 (per CoinGecko’s data).
However, many industry participants believe a fresh resurgence could be just around the corner. Such is the case with Ali Martinez, who observed ADA’s performance in the past years and assumed that it might be “at the very beginning of a monster parabolic rally.”
The X user Lucky was also bullish, telling his over 2 million followers on the social media platform that “strong fundamentals and rising adoption make Cardano a solid bet before the next big move.”
DOGE Price Predictions
Last but not least, we will touch upon the OG meme coin – Dogecoin (DOGE). Similar to ADA, it has also sank by double digits in the past week, but some factors signal a potential reversal.
Martinez recently disclosed that whales accumulated 750 million tokens during the correction, describing the move as “a strong sign of confidence in the market.”
For their part, the X users AMCrypto and KALEO outlined predictions for the near future. The former envisioned a potential decline to as low as $0.17 before a bull run to a new all-time high.
KALEO claimed that the current price level of $0.25 is “a solid entry and practically free compared to where we’ll see it a few months from now.”
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Cryptocurrency
Berachain Community Members Show Mix Reactions Following BERA Airdrop

The Berachain team has finally released BERA airdrops to community members following the successful launch of the proof-of-liquidity layer-1 network.
However, the airdrops have received mixed reactions from community members, with users complaining that the allocation to certain groups was not fair.
BERA Airdrop Allocations
According to the Berachain tokenomics and airdrop overview, market participants eligible for the airdrops include testnet users, community members who deposited capital in the Boyco program, and holders of Berachain ecosystem non-fungible tokens (NFTs).
Additionally, Binance Coin (BNB) holders, strategic partners, successful recipients of the Request for Broposal programs, holders of the Bong Bears NFTs who bridge their collectibles to Berachain, and users who constructively engaged with Berachain on X and Discord are eligible.
The Berachain Foundation, a non-profit organization piloting the affairs of the layer-1 network, allocated 1.65% BERA to testnet users, 2.35% BERA to Request for Broposal recipients, 2% to Boyco depositors, and 0.25% to X and Discord commentators. Holders of Berachain ecosystem NFTs received 0.25% of the amount, while the Berachain Foundation allocated 6.9% BERA to Bong Bears NFT holders. Strategic partners have been given 0.4% BERA, while BNB holders are to receive 2% BERA.
Notably, the airdrop makes up 15.75% of Berachain’s 500 million total supply. Although 107.48 million tokens are currently in circulation, the remaining will be released according to a linear vesting schedule over the next three years.
Mixed Reaction From Community
Berachain community members on X are complaining that the airdrop allocations are not fair. Some insist it is not right for testnet users, who have engaged with the network for years, to receive way fewer tokens than Bong Bears NFT holders. Some users revealed that they received substantial allocations, while others said they got none despite consistently interacting with the protocol over time.
Although pseudonymous Berachain co-founder Smokey the Bera explained that it is nearly impossible to target people perfectly during airdrops, community members are still voicing their grievances in the comment section. The pseudonymous crypto trader Jarzombek asserted that Smokey and the Berachain team members “rugged the most loyal community” by allocating 0.25% to holders of ecosystem NFTs.
Amid this chaos, the price of BERA has corrected a bit after rallying 1,346% to $14.46 after launch. Data from CoinMarketCap shows the token changing hands at $7.36 at the time of writing.
Meanwhile, the Berachain ecosystem has three main tokens: BERA, BGT, and HONEY. BERA is the native gas and staking token of the network, BGT is for governance and economic incentives, while HONEY is the chain’s native stablecoin.
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Cryptocurrency
3 Reasons That Ripple (XRP) Is Preparing for a Major Rally

TL;DR
- Spot XRP ETF filings from well-known financial players could boost institutional and retail investment in the asset if approved.
- Whales accumulated millions of tokens during the dip, and the RSI briefly dropped below 30, suggesting a potential price rebound.
The Potential Catalysts
Ripple’s XRP did not start the business week on the right foot, briefly tanking below $2 during the market correction witnessed on February 3. In the following days, the bulls reclaimed some lost ground, but the price remains deep in the red on a weekly scale, currently trading at around $2.37 (per CoinGecko’s data).
Despite the bearish environment, some essential factors hint that a move to the upside could be incoming. On February 6, Cboe BZX Exchange lodged 19b-4 filings on behalf of Canary Capital, WisdomTree, 21Shares, and Bitwise. The well-known asset managers seek to list the first spot XRP exchange-traded funds (ETFs) in the USA.
The filings represent a formal request submitted to the US Securities and Exchange Commission (SEC). The agency must approve or reject the application, often within 240 days.
A potential green light would grant American investors additional options to gain exposure to Ripple’s native token, which could create upward pressure on its price.
The whales’ activity is another factor worth observing. The popular X user Ali Martinez revealed that large investors had accumulated 520 million XRP (worth over $1.2 billion at current rates) during the latest dip.
Whales seized the opportunity during the recent dip, buying 520 million $XRP! pic.twitter.com/v2Lu4uBMgm
— Ali (@ali_charts) February 6, 2025
Such actions reduce the circulating supply of the asset, possibly setting the stage for a rally (should demand keep its level or rise).
Last but not least, we will focus on XRP’s Relative Strength Index (RSI), which measures the speed and change of price movements. The technical analysis tool varies from 0 to 100, with readings below 30 indicating oversold conditions and a potential for a bounce. Earlier this week, the ratio plunged below the bullish mark, currently set at around 35.
Bonus: Garlinghouse and Trump
The president of the USA, Donald Trump, started his second term at the White House with a bang, signing numerous executive orders and doubling down on his focus on the cryptocurrency industry. He reportedly plans to establish a crypto advisory council that may be comprised of some well-known names.
One of the people who could find a place there is Ripple’s CEO, Brad Garlinghouse. The advisors’ main role will be to design a comprehensive regulatory framework for the sector and work closely with Trump and David Sacks (whom the president tapped to serve as cryptocurrency and AI “czar”).
Garlinghouse’s possible connection with the White House could have a significant impact on Ripple’s native token. He might advocate for clearer regulations surrounding the asset, which has faced scrutiny from the US Securities and Exchange Commission (SEC) for years.
Ripple’s CEO and the American president have shown a close connection to each other, having a dinner meeting at the Mar-a-Lago estate earlier this year.
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