What is orderly network?

Orderly Network is described as an omnichain liquidity layer that enhances Web3 trading by providing robust infrastructure for DeFi builders. Here's a concise summary based on the information available up to November 2, 2024:

• Purpose and Functionality: Orderly Network acts as a middleware, facilitating spot and perpetual futures trading across multiple blockchains without needing a front-end interface. This network is designed to combine the advantages of centralized (CEX) and decentralized exchanges (DEX), offering the liquidity, speed, and user experience of CEXs with the transparency, composability, and governance of DEXs.
• Technology: It leverages LayerZero for omnichain functionality, enabling a single shared orderbook across various blockchains, which is settled on the Orderly Chain. This technology allows for cross-chain liquidity, reducing fragmentation and enhancing trading efficiency.
• User Engagement and Ecosystem: The network does not engage directly with end-users through a front-end but provides essential services to projects built on top of it. These services include deep liquidity pools, orderbook mechanics, and API integrations for developers to build upon. Builders, market makers, traders, and $ORDER token holders are integral parts of its ecosystem, each contributing to its growth and stability.
• $ORDER Token: The native token, $ORDER, plays a crucial role in its ecosystem, supporting network governance, liquidity provision, and incentivizing participation through staking and other mechanisms.
• Community and Growth: Orderly Network has been recognized for its innovative approach, evident from integrations like with Sei Network and collaborations with entities like Google Cloud for AI-driven trading solutions. It has also launched initiatives like bounty programs to encourage developer participation and innovation.
• Vision for the Future: The network aims to become a fundamental infrastructure layer for DeFi, connecting traders across both EVM and non-EVM chains, thereby fostering a more interconnected DeFi landscape.