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Orderly Launches No-Code Tool for Building Perpetual Contract DEXs

Orderly Launches No-Code Tool for Building Perpetual Contract DEXs

Orderly Network’s new service allows users to easily launch decentralized perpetual contract exchanges, targeting DAOs and trading communities seeking decentralized, self-custodial crypto trading options.

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Fact Check
The statement is strongly supported by multiple sources. Evidence from Binance Square explicitly states, 'Orderly Launches No-Code Derivatives DEX Building Tool Orderly ONE.' CoinDesk also corroborates this, reporting, 'Orderly Network Introduces Build-Your-Own Perp DEX Platform' which functions 'without requiring the writing of any lines of code.' Other sources confirm that Orderly's infrastructure supports the creation of perpetual futures platforms.
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Summary

Orderly Network has launched a platform allowing users to create their own perpetual contract decentralized exchanges (DEXs) without coding. The service targets DAOs, funds, and trading communities aiming for decentralized crypto trading solutions. The platform operates on smart contracts, ensuring trustlessness and self-custody of funds, and supports over 17 blockchains. Revenue generation is possible via a $1,000 fee or with a discount using ORDER tokens.

Terms & Concepts
  • Perpetual Contract DEX: A decentralized exchange offering perpetual futures contracts, allowing continuous trading without expiry dates.
  • No-Code Solution: A platform or tool that allows users to build applications without writing any programming code.
  • ORDER Token: The native token of Orderly, used for payments, discounts, and other ecosystem functions.