Recently, BTSE made a significant announcement regarding the launch of BTSE Dex 2.0, a new and improved version of their decentralized exchange. This latest iteration brings about cross-compatibility for Ethereum Virtual Machine-based chains, opening up trading opportunities for over 50 perpetual futures on various networks such as Base, Optimism, and Arbitrum.
A key aspect of BTSE Dex 2.0 is its utilization of Orderly Network’s decentralized exchange protocol. This partnership not only enhances liquidity but also enables cross-chain interoperability to decentralized order books, thereby improving the overall user experience. In fact, BTSE Dex 2.0 is set to receive token rewards totaling nearly $1 million from both Orderly and BTSE Dex, with rewards being distributed in USD Coin (USDC) through different rounds.
Henry Liu, the CEO of BTSE, expressed his excitement about deepening their partnership with Orderly Network. He emphasized the value of technology and user experience in driving growth within the crypto space. This collaboration highlights BTSE’s commitment to innovation and fostering a truly integrated DeFi landscape. By building BTSE Dex on Orderly’s NEAR instance, they are not only catering to DeFi users but also showcasing their belief in Orderly’s team to realize their shared vision.
Orderly Network, known for its permissionless liquidity layer for decentralized exchanges, operates on an omnichain infrastructure. The platform offers yield vaults with a fixed APY of 20% for various cryptocurrencies, including Dogecoin, Injective, and Binance Coin. The total value locked using Orderly’s liquidity layer has experienced significant growth, currently exceeding $22 million, representing a 330% year-to-date increase according to DefiLlama data.
The launch of BTSE Dex 2.0 marks a significant milestone for BTSE and Orderly Network in their journey towards revolutionizing the crypto ecosystem. By leveraging innovative technologies and collaborative partnerships, they aim to enhance liquidity, improve interoperability, and provide a seamless trading experience for users across different networks. As the crypto space continues to evolve, initiatives like BTSE Dex 2.0 and Orderly Network’s liquidity layer are poised to play a crucial role in shaping the future of decentralized finance.
Leave a Reply