Monad, the Ethereum Virtual Machine (EVM) Layer-1 blockchain that is about to launch TestNet, has joined forces with Orderly Network, a distributed exchange (DEX) infrastructure that supports a variety of other chains. Second Decentralized Finance (DEFI) Summer.
When the Monad Testnet arrives on Wednesday, traders will offer fast EVM compatible construction sites and the possibility of airdrops on the L1. According to a press release, Orderly’s bands, which are about 20 market makers, include WinterMute, Selini and Riverside.
Companies in the decentralized trading industry, including major exchanges, such as Coinbase (coin), will continue to operate defi in the coming months as President Donald Trump’s encryption-friendly management can tail the regulating cryptography. I hope for a rapid increase. The first Defi Summer of 2020 came hot shortly after the Federal Reserve interest cuts in response to the Covid outbreak.
Orderly offers users shared order books across multiple blockchains, including arbitrum, optimism, polygons, bases, and mantles.
“Orderly is an omni-chain trading infrastructure focused on solving fragmented liquidity,” Chief Operating Officer Arjun Arora said in an interview. “With more chains being supported every day, liquidity continues to be fragmented throughout defi.
In April 2024, Monad Labs raised $225 million in a fundraising round led by the Paradigm.