Orderly Network

Orderly Network is an omnichain trading infrastructure platform that provides a shared liquidity layer for decentralized perpetual futures exchanges. Founded in 2022, it enables developers, protocols, and entrepreneurs to build branded trading applications on top of a unified orderbook without constructing their own matching engines or liquidity pools from scratch.

How It Works

The central concept is shared infrastructure. Instead of each DEX operating in isolation with its own fragmented liquidity, Orderly maintains a single deep orderbook that more than 400 trading venues draw from simultaneously. A perpetual futures DEX built on Orderly launches with real market depth inherited from the entire network — a significant advantage over bootstrapping from zero.

The architecture is intentionally "headless": builders own the frontend interface, the brand, and the customer relationship, while Orderly handles the backend matching engine, smart contract settlement, and real-time order routing. Traders deposit assets on-chain into smart contracts used as collateral for off-chain order matching. Settlement happens on-chain at intervals, preserving the self-custody guarantees traders expect from decentralized venues while delivering order execution speeds competitive with centralized exchanges.

The system uses Ed25519 key-based authentication and exposes a full REST and WebSocket API suite covering account management, order placement, real-time market data, and position tracking. For developers who want a faster path to market, Orderly also offers React component libraries, a Python SDK, and a no-code DEX builder called Orderly One that requires no custom code to get started.

Omnichain Expansion

Orderly has systematically expanded its chain coverage since launch. Solana mainnet integration arrived in October 2024, giving the Solana ecosystem access to the shared orderbook. Avalanche followed in November 2024. In May 2025, ORDER token staking expanded to Solana, letting holders participate in fee sharing without bridging assets. By August 2026, Orderly had extended its infrastructure to Robinhood Chain, enabling anyone to spin up a perpetual DEX on that network with access to more than 130 markets spanning crypto assets and equities.

Perp Anything

A significant expansion rolled out in April 2026 under the name "Perp Anything," making market creation fully permissionless. Market creators can now list any asset as a perpetual contract on the Orderly shared orderbook, retain ownership of the resulting order flow, and earn fees from trading activity in those markets. The system allows builders to act as oracle providers for custom markets, controlling how price feeds are sourced for assets that may lack established on-chain price data.

Before Perp Anything, market listings were controlled by the Orderly core team. The change opens market creation to any participant who wants to build a trading product around a specific asset — whether a long-tail crypto token or a non-crypto instrument — and earn fees proportional to the volume it generates.

Builder and Distributor Programs

Orderly operates a revenue-sharing model for the participants who build on top of it. A "Boosted Distributor" program incentivizes participants who refer new DEX builders to the network, with priority onboarding, builder launch support, and improved fee margins for high-performing distributors. The protocol has noted publicly that its top distributor has earned over 60,000 USD in referral revenue.

For DEX builders, revenue comes from the spreads and trading fees they configure on their own frontend. Because they inherit the shared liquidity pool, even a newly launched DEX with minimal organic traffic can offer competitive prices to traders from the start.

AI Integration: Starchild Module

In August 2026, Orderly introduced the Starchild module, a plugin that embeds an AI trading agent directly into any DEX built on the platform. Rather than requiring traders to use external tools, the agent operates inside the trading interface itself. Traders can describe strategies in plain language and the agent builds and executes them, analyzes existing positions, and draws on more than 80 integrated data sources — including Coinglass, CoinGecko, DefiLlama, TwelveData, and TAAPI.

For builders, the module addresses a differentiation problem: when 400 or more exchanges all draw from the same orderbook, the trading experience becomes the key competitive variable. The Starchild integration allows any DEX to offer sophisticated automated trading functionality without writing a line of custom code.

ORDER Token and Economics

The ORDER token launched in August 2024 as the protocol's native governance and utility asset. Holders can stake on both Orderly's native infrastructure and on Solana to earn a share of protocol fees. In November 2025 the protocol introduced a token buyback program, allocating a portion of ongoing protocol revenue to reduce circulating supply.

Multi-collateral margin support — accepting USDC, USDT, and ETH as funding for perpetual positions — launched in July 2025, removing the need for traders to convert to a single stablecoin before opening positions.

Notable Integrations

Orderly has partnered with several established protocols to reach existing user bases. In January 2025, Orderly powered perpetual futures through Raydium, one of Solana's largest automated market makers, bringing its infrastructure to Raydium's broad user base. A strategic partnership with Ceffu, a regulated digital asset custodian, was announced in December 2025, targeting institutional participants who require custody infrastructure alongside trading access.