Orderly Network’s Explosive Growth Mirrors Perpetual DEX Revolution

Decentralized exchanges are eating traditional finance's lunch—and Orderly Network just took the biggest bite yet.

The Perpetual Protocol Surge

Perpetual DEX volumes are skyrocketing as traders flee centralized platforms. No more custody risks, no more withdrawal limits—just pure, unadulterated leverage trading.

Orderly's Infrastructure Dominance

While everyone's watching the front-end fireworks, Orderly's building the engine room. Their robust growth proves infrastructure plays win when the market gets frothy.

The DeFi Liquidity Migration

Traders are voting with their wallets. Billions flowing from CEX to DEX platforms—because apparently, not everyone enjoys filling out KYC forms for the tenth time.

Another day, another protocol proving Wall Street's tech is about as modern as a fax machine.

Orderly Network, a prominent business-to-business (B2B) trading infrastructure, has reported significant growth in 2025, driven primarily by the surge in perpetual decentralized exchanges (DEXs). According to CoinGecko, the infrastructure that powers numerous DEXs has experienced a notable increase in activity and investment.

Orderly's Role and Recent Innovations

Orderly operates as a B2B orderbook-based trading infrastructure, offering access to a unified liquidity network sourced from multiple blockchains. The platform also serves as a white-label DEX solution, simplifying the process for developers to create new DEXs. The introduction of "OrderlyOne," a no-code perpetual DEX launchpad, has been a significant milestone, enabling users to launch a perpetual DEX in minutes.

Financial Metrics and Growth

The ORDER token, which functions as both a utility and governance token, reached an all-time high (ATH) of $0.47 in October 2025. This price surge followed the launch of OrderlyOne, which now powers over 1000 DEXs. Total Value Locked (TVL) on Orderly grew from $19.1 million to $51.3 million, representing a 168.9% increase since the start of 2025. The platform processed a cumulative trading volume of $37.2 billion, with liquidations totaling $276.2 million, predominantly from long positions.

Token and Staking Dynamics

The circulating supply of the ORDER token increased by 32.7%, while the Total Staking Ratio slightly decreased from 33.6% to 32.3%. Despite this, the number of staked ORDER tokens ROSE from 73 million to 93 million. Orderly’s USDC OmniVaults provided an average annual percentage rate (APR) of 27.2% for depositors, highlighting the platform's appeal to investors seeking yield opportunities.

Market and User Engagement

Orderly's Daily Active Users (DAU) remained stable until mid-2025, when growth was observed due to increased participation from builders like Raydium and WOOFi Pro. The launch of ADEN, a perps exchange using Orderly's infrastructure, significantly contributed to this growth. Orderly's cumulative protocol revenue reached $10.9 million by August 2025, with builder revenues totaling $1.6 million.

OrderlyOne: A Game Changer

OrderlyOne aims to revolutionize the perpetual DEX landscape by offering a comprehensive infrastructure that includes shared liquidity, order book technology, and cross-chain compatibility. This innovation reduces the barriers to entry for perpetual trading platforms, potentially leading to a proliferation of niche DEXs.

The future of Orderly Network appears promising, as it continues to expand its ecosystem and attract more builders and users. The platform's growth trajectory reflects the increasing demand for decentralized financial solutions and innovative trading platforms.

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• decentralized exchanges
• order token