Orderly Network Grabs $5 Million in Funding Led by OKX Ventures

IconCryptoNewsTerminal Staff15 Aug, 2024

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Orderly Network Grabs $5 Million in Funding Led by OKX Ventures

Orderly Network, an omnichain order book project, has raised $5 million in strategic funding. OKX Ventures led the round, which also saw participation from Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol. The funds will be used to accelerate the development of the Orderly Network protocol and its ORDER token, which is set to airdrop in August. Orderly Network is a decentralized exchange (DEX) that allows users to trade crypto assets on a single platform. It uses an omnichain order book to provide deep liquidity for traders. The ORDER token is a utility token that will be used to power the Orderly Network ecosystem. The funding round is a significant boost for Orderly Network, which is one of the most promising DEX projects in the cryptocurrency space. The funds will allow the team to accelerate the development of the protocol and its token, and to expand its marketing and outreach efforts.

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