Connect with us
  • tg

Cryptocurrency

Orderly Network Prepares for Summer Token Launch, L2 Revolutionizing DeFi with Institutional-Grade Liquidity for Onchain Perpetual Trading

letizo News

Published

on

Orderly Network, an innovative L2 that offers trading infrastructure, and an omnichain liquidity layer, is gearing up for an exciting summer with the launch of its highly anticipated token. Orderly is making significant strides, emerging as the second most active protocol on LayerZero Labs and the largest, most efficient user of Celestia for data availability.

Orderly Network offers an orderbook-based trading infrastructure and an omnichain liquidity layer, equipping DeFi projects with institutional-grade liquidity for both spot and perpetual trading across a diverse range of assets.

Orderly Network ensures seamless trading via an orderbook across multiple networks, guaranteeing liquidity and achieving high execution speeds. This combination delivers a CEX-like trading experience while ensuring self-custody and transparency with all trades settled on the Orderly Chain. Orderly leverages Celestia for modularity and Layerzero for secure cross-chain messaging.

With over 14 DEXs and even major CEXs like WOO, BTSE, and AscendEX leveraging its infrastructure,  Orderly Network is rapidly emerging as the ultimate destination for DEX building and the permissionless liquidity layer for all Web3 trading.

Key Achievements and Milestones

  • Over $47 billion in total trading volume
  • Deployment on six major blockchain networks
  • More than $56 million in Total Value Locked (TVL)
  • A user base exceeding 215k unique wallets

Orderly Network’s robust infrastructure is bolstered by key partnerships and integrations, having onboarded 14 brokers, listed 45 EVM perp symbols, and launched its first user-facing product, Orderly Quantum Pools. Noteworthy collaborations with industry giants such as Google Cloud, OP, LogX, Celestia, and LayerZero further reinforce Orderly’s mission to supercharge the future of omnichain perps trading on any chain, any asset, any interface –all settled on Orderly Chain.

The Orderly Chain serves as the settlement and ledger for all transactions (i.e. transaction data, user data balances, and trading data) on Orderly Network, maintaining seamless operations even in the unlikely event of a downtime to the matching engine orderbook. This resilience means that brokers on Orderly Network can confidently manage trading positions and user balances, ensuring uninterrupted service. With all trades settled on the Orderly Chain, Orderly unlocks cross-netting capabilities previously unavailable in DeFi, similar to the function of the CME in TradFi.

Arjun Arora, COO of Orderly Network, speaking on the upcoming launch, echoed;

“As we prepare for this pivotal moment in our journey, we are eager to reward our earliest supporters who have been instrumental in our growth. The launch of our token is not just a milestone for Orderly Network but a celebration of our community’s contributions and a look ahead to the future. We are excited to see the evolution of Orderly and the transformative impact it will have on DeFi trading.”

Some DEXs and Products Powered by Orderly

For more information on Orderly-powered brokers, check this out.

Orderly Merits Campaign: The Road to the Order

As part of the build-up to its token launch, Orderly Network introduced “The Road to the Order” campaign, a gamified initiative designed to engage and reward active traders with “Merits.” Currently, in its X epoch (week), this campaign allows traders to earn Merits with every trade, contributing to their portion of the upcoming airdrop this summer, post-TGE. Users can track their Merits, ranks, and history through a dedicated webpage upon connecting their wallets.

The campaign has already attracted over 57,000 weekly active traders, spread across six tiers of active trading within the Orderly Merits program.

For additional details, visit the Road to The Order and Merits Status pages.

“We are incredibly excited for Orderly Network to become more community-owned as we move forward. This token launch represents a significant step in our journey, allowing us to reward our earliest supporters and engage with our growing community in new and meaningful ways. We’re thrilled to see how this next phase unfolds and to continue pushing the boundaries of DeFi trading together.” said Ran Yi, Co-founder, Orderly Network

Orderly Network’s rapidly increasing ecosystem, alongside its innovative trading infrastructure, sets up its token launch event as one of the most anticipated drops this summer. By creating an innovative L2 with high-speed execution, omnichain liquidity, and an intuitive orderbook interface, Orderly Network is not only enhancing the trading experience but also setting new standards for efficiency, security, and performance in DeFi trading.

Stay tuned for more updates on the token launch, and join the Orderly Network community as we pave the way for efficient onchain trading.

Stay up-to-date with all things Orderly:

Twitter | Website | Discord | LinkedIn | DeBank

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!

Cryptocurrency

From Chaos to Composability: Enso’s Connor Howe on Rethinking Web3 Infrastructure

letizo News

Published

on

Few startup journeys begin with a vampire attack, but for Connor Howe, CEO and co-founder of Enso, that chaos became a proving ground.

What had started as a social DeFi platform quickly evolved through hard-won lessons into something that’s currently far more ambitious – a unified intent engine for Web3, a DeFi super app, if you will.

In this interview, Howe reflects on the pivots, the pain points, and the revelations that led to Enso’s vision of radically simplifying on-chain development. He shares how intent-based design shifts developer thinking, what it means to build with abstraction in mind, and why Enso’s recent $3B milestone is just the beginning.

howe_cover

From vampire attacks to intent engines — Enso’s journey has evolved rapidly. Looking back, what was the pivotal moment when you realized shortcuts and intent-based development weren’t just features, but the foundation for a whole new kind of infrastructure?

We’ve been through two pivots to get to where we are and have experienced the hurdles of building in Web3 firsthand. We started with the vampire attack and a social trading product, where we integrated 15 DeFi protocols. That alone took months and over $500k in audits. Then we pivoted to a DeFi super app, which required even more protocol support. But in that process, we discovered a fast and secure way to integrate any protocol and standardized common onchain actions across smart contracts. When launching the DeFi super app, we supported 50+ protocols. Other builders noticed and started asking how we did it. So we spun up an API, and in the first week, it saw $11M in volume.

That was the moment it clicked. Shortcuts aren’t just a feature, but the foundation. We don’t have too many apps in Web3, we have too few. And it’s because building them is too hard. We lived through that pain, and built Enso to fix it. Not just for us, but for everyone.

One of the most persistent issues in Web3 is fragmentation across chains and protocols. Enso proposes a unification layer through intents, but what are the biggest architectural or governance challenges in maintaining that kind of composability across a decentralized landscape?

One of the biggest architectural challenges is that every blockchain speaks a different “language”, i.e. different speeds, block sizes, and quirks in how contracts are written, deployed and executed. Composability becomes a nightmare when you’re a developer trying to stitch together these fundamentally different systems. 

Enso acts as a unification layer that approaches this from the bottom up. Rather than forcing developers to think in terms of chain-specific implementations, Enso abstracts that complexity away. To make this scalable, the Enso network encompasses the full stack for reading data and executing onchain. It’s a decentralized, open network where developers and AI agents can contribute data feeds and smart contract information, enabling fast, reliable execution across an ever-growing number of blockchains.

The idea of intent-driven development sounds intuitive, even obvious, once you hear it — but it challenges decades of imperative software thinking. What do you think needs to shift in developer mindsets (especially from Web2) for shortcut engines to feel natural?

Developers need to shift from thinking in actions to thinking in outcomes. In Web2 and traditional Web3 development, the focus is on defining every step manually. But in an intent-driven model, you define what you want, not how to get there, and let the engine handle finding the best route. That requires trust in orchestration layers, but more importantly, a philosophical shift: abstraction is not a loss of control, it’s a gain in efficiency. Web2 devs already work with high-level APIs and compilers. Blockchain shortcuts are just the next evolution in Web3: reliable, proven paths of execution that fulfill intent requests.

Graphers and Action Providers form the core of how Enso generates and optimizes on-chain solutions. What have you learned from watching these roles in action? 

The Enso network is powered by three core participants:

  • Action Providers contribute modular smart contract abstractions. 
  • Graphers build algorithms that combine these actions into executable solutions. Only one solution is selected per request, so graphers are rewarded for finding the most optimal path.
  • Validators secure the network by authenticating requests, verifying contributions, simulating transactions, and validating the final solution.

Each request to Enso incurs a query fee, paid in ENSO tokens and distributed across all three roles. This creates a flywheel: more usage leads to more rewards, driving further contribution, optimization, and decentralization.

At the time of writing, the Enso token sale is live on CoinList, giving everyone the chance to become part of and participate in the Enso network at favorable terms.

You’ve spoken before about how most Web3 teams are forced to “choose what frameworks they support” due to limited resources. Do you think we’re nearing a point where this kind of technical exclusivity will become obsolete?

Enso is working on making this obsolete by unifying all smart contracts, chains, and protocols into one network. Web3 teams will no longer be forced to choose from different frameworks, they will have a single point of access with read and write functionality to interact with any smart contract on any chain from a single integration. This will empower developers to build seamless, consumer-facing applications used by hundreds of thousands of users.

Enso recently hit a major milestone, achieving more than $3 billion in transaction volume. What’s next? 

Supporting Berachain’s launch and their pre-deposit campaign “Boyco” as the main infrastructure provider was a big accomplishment for the whole team. Enso’s infrastructure processed $3.1B in 3 days, one of the largest liquidity migrations in DeFi’s history. It proved not only the value of Enso, but also demonstrated the reliability and scalability of the infrastructure under real conditions.

As a next step, Enso is evolving from a powerful API into a fully decentralized network. First, we will open up the Enso DeFi library, allowing anyone to contribute contract abstractions, broadening the opportunities, and enabling even faster development.

Enso is currently available on many EVM chains, and another large innovation will be expanding to Solana and Move based blockchains. This expansion will further enhance our customers’ ability to build composable applications and interact with all of the blockchain ecosystem through one source. 

Disclaimer: The content shared in this interview is for informational purposes only and does not constitute financial advice, investment recommendation, or endorsement of any project, protocol, or asset. The cryptocurrency space involves risk and volatility. Readers are encouraged to conduct their own research and consult with qualified professionals before making any financial decisions. This interview was conducted in cooperation with Enso, who generously shared their time and insights. The content has been reviewed and approved for publication in mutual understanding. Minor edits have been made for clarity and readability, while preserving the substance and tone of the original conversation.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Cardano (ADA) Price Predictions for This Week

letizo News

Published

on

ADA failed to hold above 60 cents as it seeks support lower.

Key Support levels: $0.50, $0.45

Key Resistance levels: $0.64, $0.90, $1.3

1. Sellers Pushed ADA Under 60 Cents

With buyers remaining on the defensive, ADA’s price fell under 60 cents and appears unable to reclaim this key psychological level. At the time of this post, the price is under $0.58 and could fall to the support at $0.50 where buyers showed interests in the past.

ADAUSDT_2025-06-25_16-55-55
Chart by TradingView

2. Bearish Momentum Increases

The daily RSI fell into oversold territory on Sunday and bounced outside of this zone on Monday. However, at this time, this indicator is falling again. This shows weakness in the price action and inability of buyers to reverse this downtrend. Hopefully, the support at 50 cents will stop the selloff.

ADAUSDT_2025-06-25_16-56-04
Chart by TradingView

3. Sellers Dominate

The daily volume shows that sellers are making higher highs. They hold the initiative and can dictate price direction. Bounces are brief and are likely the result of shorts being closed which means sellers need to buy to close positions. Unfortunately, the price also made a lower low on Sunday which is a bearish signal.

ADAUSDT_2025-06-25_16-56-35
Chart by TradingView
SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Cryptocurrency

Critical Ripple Upgrade Hitting the XRP Ledger: What You Need to Know

letizo News

Published

on

The XRP Ledger (XRPL) has launched version 2.5.0 of its software, bringing several improvements to the network.

This marks a major step for XRPL, which is working to compete more directly with blockchain platforms like Ethereum and Solana.

Updates and Bug Fixes

One of the release’s most notable features is support for batch transactions. This allows multiple requests to be grouped and processed together as a single unit, improving efficiency and enabling complex multistep operations.

Another key update adds escrow support for RLUSD and other crypto assets on XRPL. Escrows can now interact with trustline-based tokens as well as multi-purpose ones. This enables automated and secure payouts, which can be useful for setting up vesting schedules and managing deposits within applications.

Version 2.5.0 also introduces permissioned decentralized exchange (DEX) controls and permission delegation. The former gives developers control over who can participate in exchanges, helping projects meet regulatory requirements. The latter allows users to provide specific access rights to another wallet, offering more account management and automation flexibility.

Furthermore, the update brings several bug fixes affecting RPC responses for tem codes and NFT interactions with trustlines. Vet, a popular XRPL validator, said these changes will make its software run faster, more efficiently, and more stably.

New Features and Improvements

The XRPL software update has also brought new features and enhancements to improve performance, reliability, and developer experience. The network can now handle more transactions simultaneously, and the relay logic has improved.

XRPL Commons has also been added as a trusted bootstrap cluster, which supports better network connectivity. In addition, the upgrade fixes an issue related to conflicting signing methods by improving how the system handles transactions from accounts using multiple signers.

Other changes include better memory usage, reduced duplicate network traffic, faster build times, clearer documentation, and updated developer tools. Build instructions have also been improved for systems using Ubuntu 22.04 and above.

Leading up to the update, daily XRPL addresses soared seven times, jumping from around 40,000 to nearly 295,000. Meanwhile, whale wallets also set a new record by hitting an all-time high of 2,708, the largest number in the network’s 12-year history.

This growth comes as other blockchains like Solana face declining metrics, including a $2.5 billion capital outflow and a 90% drop in DEX volume since its January peak of $36 billion. The platform is also facing reduced meme coin activity due to competitors like BNB Chain. Ethereum has also been affected by scalability issues, leading to congestion and high gas fees during peak periods. Following the upgrade, XRP has gained nearly 6% and is trading at $2.20.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved