BTSE recently made headlines with the launch of BTSE Dex 2.0, a platform that revolutionizes the trading experience by introducing cross-compatibility for Ethereum Virtual Machine-based chains. This upgrade enables users to trade over 50 perpetual futures on various networks such as Base, Optimism, and Arbitrum.
A key feature of BTSE Dex 2.0 is its integration with Orderly Network’s decentralized exchange protocol. This partnership provides enhanced liquidity and cross-chain interoperability to decentralized order books, resulting in a seamless trading experience for users. In addition, the collaboration will also unlock token rewards worth nearly $1 million, distributed in USD Coin (USDC) through different rounds.
BTSE CEO Henry Liu expressed his enthusiasm about the partnership with Orderly Network, praising the innovative product offerings and user-focused approach of the decentralized exchange protocol. The collaboration has played a crucial role in facilitating rapid growth for BTSE over recent months, cementing its position as a leading player in the blockchain technology landscape.
BTSE Dex is just one of the many products offered by the BTSE Group, a prominent global blockchain technology company. The exchange has already witnessed significant success, registering trading volumes exceeding $170 million through its perpetual contracts for popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). This success underscores the growing demand for innovative trading solutions in the crypto space.
Orderly Network COO Arjun Aroro commended BTSE for its unwavering commitment to driving innovation within the crypto ecosystem. He highlighted BTSE’s belief in Orderly Network’s vision to create a fully integrated DeFi landscape as a testament to their shared goals and values. By leveraging Orderly’s NEAR instance, BTSE Dex caters to users seeking the autonomy of DeFi while also showcasing confidence in the Orderly-led team’s capabilities.
Orderly Network’s Impact on the DeFi Space
Orderly Network has established itself as a pivotal player in the DeFi space, offering a permissionless liquidity layer for decentralized exchanges built on an omnichain infrastructure. The platform currently provides yield vaults fixed at 20% APY for 10 different cryptocurrencies, including big names like Dogecoin (DOGE), Injective (INJ), and Binance Coin (BNB). With over $22 million in total value locked using Orderly’s liquidity layer, the platform has experienced a remarkable 330% year-to-date rise, as per DefiLlama data.
The launch of BTSE Dex 2.0 marks a significant milestone in the evolution of decentralized trading platforms. By prioritizing cross-chain compatibility and leveraging innovative technologies like Orderly Network’s protocol, BTSE is well-positioned to cater to the evolving needs of the crypto community and drive further adoption of decentralized finance solutions.
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