In a significant move for the decentralized finance space, BTSE officially announced the upcoming launch of its latest innovation, BTSE Dex 2.0. This new development marks a monumental leap towards enhanced interoperability and ease of trading within the Ethereum Virtual Machine (EVM)-compatible chains. With BTSE Dex 2.0, traders are set to experience the convenience of trading over 50 types of perpetual futures across various networks, including but not limited to Base, Optimism, and Arbitrum.
The core of BTSE Dex’s innovation lies in its strategic integration with the Orderly Network decentralized exchange protocol. This partnership aims to bring unparalleled liquidity and cross-chain interoperability to decentralized order books, setting a new standard for decentralized exchanges.
An exciting aspect of the August 8 announcement is the reveal of nearly $1 million in token rewards set to bolster the ecosystem. These rewards, a collaborative effort from both Orderly and BTSE Dex, will be disseminated in USD Coin (USDC) through a series of rounds, enriching the user experience and incentivizing participation.
In the words of BTSE CEO Henry Liu, the partnership with Orderly Network is not just transactional but a step towards redefining the DeFi landscape. “We’re excited to deepen our partnership with Orderly Network. They have created a phenomenal product and their emphasis on technology and user experience have enabled us to supercharge growth over the last several months,” Liu commented, highlighting the mutual growth and success fostered by this partnership.
“Our collaboration is poised to bring unprecedented growth and innovation within the ecosystem, underscoring our commitment to providing users with a seamless, efficient, and versatile trading experience.”
BTSE Dex emerges as a prominent feature in the broader suite of products offered by the BTSE Group, a global leader in blockchain technology solutions. Demonstrating robust activity, the exchange has already seen over $170 million in trading volume funneled through its perpetual contracts encompassing Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
From the Orderly Network’s perspective, COO Arjun Aroro shared, “BTSE’s unwavering commitment to propelling innovation across the crypto ecosystem is truly unparalleled. Their faith in our vision to weave a seamlessly integrated DeFi landscape is evident as they choose to build BTSE Dex on Orderly’s NEAR instance – a move not just for catering to DeFi enthusiasts but also as a testament to their confidence in our team’s ability to bring this vision to fruition.”
“This synergy is not merely about bridging the gaps within the DeFi space but also setting new benchmarks for what is achievable when two innovators come together.”
Orderly Network, at its foundation, is a permissionless liquidity layer designed for decentralized exchanges, operating on an innovative omnichain infrastructure. Currently featuring yield vaults with a fixed APY of 20% for ten distinct cryptocurrencies, including notable ones like Dogecoin (DOGE), Injective (INJ), and Binance Coin (BNB), it showcases the diverse capabilities of this platform.
The adoption and success of Orderly’s liquidity layer are evident in the total value locked (TVL), which has surged to over $22 million, marking a 330% increase year-to-date, according to data from DeFiLlama.
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Assad Jafri
Assad Jafri, with a journey that commenced amidst the turmoil of Yemen’s 2011 Arab Spring, has evolved into a fervent journalist with over a decade’s worth of experience across the globe. Specializing in financial journalism, Jafri has now set his sights on the dynamic world of crypto reporting, where he aims to bridge the gap between the complexities of blockchain technologies and the readers’ understanding.
For those who seek to stay on the cutting edge of the DeFi world and gain insights into more breakthroughs and launches similar to BTSE Dex 2.0, DeFi Daily News serves as an essential resource. Here, enthusiasts and investors alike can dive deep into the evolving landscape of decentralized finance, uncovering opportunities and innovations driving the future of finance.
As we wrap up this exploration of BTSE Dex 2.0, its advancements, and the synergies forged through the collaboration with Orderly Network, we are reminded of the vibrant and ever-evolving nature of the DeFi space. The journey of BTSE and Orderly Network epitomizes the spirit of innovation and partnership that propels the industry forward, promising a future where decentralized finance is more accessible, interoperable, and rewarding for all participants. With this in mind, one can only anticipate what new possibilities will unfold as these platforms continue to evolve and redefine the boundaries of what is achievable in DeFi.
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