Not sure how the market missed it, but this orderbook liquidity protocol I posted about a while back apparently just landed an exclusive deal to run Raydium’s entire new perp…
Original source excerpt
Not sure how the market missed it, but this orderbook liquidity protocol I posted about a while back apparently just landed an exclusive deal to run Raydium’s entire new perp dex, and its volume has s…
Not sure how the market missed it, but this orderbook liquidity protocol I posted about a while back apparently just landed an exclusive deal to run Raydium’s entire new perp dex, and its volume has shot up to nearly half a billion dollars of volume a day since then. I looked into it and was able to confirm that Orderly is already collecting fees from Raydium and that its volume is organically driven with no token emissions to incentivize the numbers so far. For context, Raydium has 600,000+ daily active traders that will now see the new perp dex advertised at the top of the website, which should drive continuous organic traffic from existing users. The perp dex is only a week old and still in beta, so the numbers should only get better from here. This seems like a crazy partnership for Orderly to have landed while at just $260M FDV, and pretty much secures its future runway needed to operate as it continues to add more partners to its network. With this news and their recent listing on Korean exchange Bithumb, the potential upside here feels incredibly high.
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