Decentralized Exchange Orderly Network Closes $20 Million in Strategic Financing with Participation From Dragonfly Capital and Others

Orderly Network, a NEAR based DEX, completed a $20 million strategic round of financing with participation from Three Arrows Capital, Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, Alameda Research, GSR Ventures and others. Orderly will use the financing to enlarge its team, enter partnerships with other crypto firms and build new DeFi products. Orderly Network, incubated by NEAR and WOO Network, is a permissionless protocol and modular ecosystem. It relies on smart contracts to conduct peer-to-peer trading and offers risk management and shared asset pools for users. It will start community lending pools to enhance liquidity on its platform. Token holders will be able to lend assets to market makers on such pools while receiving yields.