Orderly Network Integrates With Raydium

Orderly-Powered Perps on Raydium

Orderly Network is an orderbook liquidity protocol designed to cater to both institutions with high performance requirements and community-driven retail traders. Its core objective is to deliver deep liquidity and seamless trade execution across a growing number of pairs, positioning itself as an omnichain infrastructure capable of bridging volume from different ecosystems. Unlike many decentralized exchanges that rely on automated market makers (AMMs), Orderly provides a traditional orderbook model, which tends to offer tighter spreads and more reliable pricing for larger trades

Orderly (ORDER) recently announced an integration with Raydium, the largest DEX by 30d trailing volume at $99.2B, besting Uniswap in second place at $90.2B. This integration will embed Orderly’s perpetual futures functionality into Raydium’s platform, offering over 600K daily active traders access to more than 80 trading pairs through Orderly’s liquidity infrastructure. Since the integration went live, daily volume and revenue of Orderly Network increased 2.5x at peak. 

When we see large volume increases over short periods of time for onchain DeFi protocols, historically it is due to token incentive programs. This increase appears to be organically driven–as one can see from net flows, the overwhelming majority of this increase came directly from the Raydium network integration the 2nd week of January.

Since the integration’s Beta launch, Orderly has already reported a peak volume day of nearly half a billion. This is substantial provided the protocol’s relatively favorable $303M FDV. With Raydium’s large user base, as more users discover this feature it is reasonable to assume that Orderly will process more volume over time. This partnership has a chance to accelerate what could become a self-reinforcing cycle of deeper liquidity and higher trading volumes.