BTSE introduced the launch of BTSE Dex 2.0, which introduces cross-compatibility for Ethereum Digital Machine-based chains and permits buying and selling for over 50 perpetual futures on networks comparable to Base, Optimism, and Arbitrum.
Notably, BTSE Dex faucets into Orderly Network’s decentralized trade protocol, which affords liquidity and cross-chain interoperability to decentralized order books.
Moreover, the Aug. 8 announcement revealed that BTSE Dex 2.0 can be eligible for practically $1 million in token rewards from each Orderly and BTSE Dex. The rewards will probably be distributed in USD Coin (USDC) via completely different rounds.
BTSE CEO Henry Liu mentioned:
“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.
The BTSE Dex is one solution from the suite of products offered by the BTSE Group, a global blockchain technology company. According to its website, the exchange registered over $170 million in trading volume through its perpetual contracts of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
Orderly Network COO Arjun Aroro said:
“BTSE’s commitment to fostering innovation across the crypto ecosystem stands unmatched, evident in their belief in our vision to deliver a truly integrated DeFi landscape. They built BTSE Dex on Orderly’s NEAR instance not only to cater to users who prefer the autonomy of DeFi but also as a symbol of faith in the Orderly-led team to actualize this vision.”
Orderly Network is a permissionless liquidity layer for decentralized exchanges, constructed on an omnichain infrastructure. At the moment, they provide yield vaults fastened at 20% APY for 10 completely different crypto, together with Dogecoin (DOGE), Injective (INJ), and Binance Coin (BNB).
The overall worth locked utilizing Orderly’s liquidity layer is at the moment at over $22 million, after a 330% year-to-date rise, primarily based on DefiLlama data.
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Gino Matos
Gino Matos is a regulation faculty graduate and a seasoned journalist with six years of expertise within the crypto trade. His experience primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
Assad Jafri
AJ, a passionate journalist since Yemen’s 2011 Arab Spring, has honed his expertise worldwide for over a decade. Specializing in monetary journalism, he now focuses on crypto reporting.
