Orderly Network Partners with Quickswap to Debut Next-Gen Decentralized Perpetual Exchange on Polygon PoS

Orderly Network has announced a strategic partnership with Quickswap, the leading decentralized exchange (DEX) across Polygon chains.

This collaboration introduces QuickPerps: Falkor, a cutting-edge decentralized perpetual exchange that promises to enhance the trading experience for users on the Polygon PoS network.

This partnership leverages Orderly Network’s advanced omnichain vault technology to provide Quickswap users with a host of new features, which include the following,

1. Enhanced Liquidity: Combining Orderly’s robust liquidity layer with Quickswap’s infrastructure allows for leveraged trading with tighter spreads and reduced slippage.
2. Effortless Cross-Chain Trading: Users can deposit, withdraw, and trade assets seamlessly across all major EVM chains directly from the Falkor vault, eliminating the need for asset bridging.
3. Zero-Gas Leveraged Trading: Using Polygon PoS’s efficient network, leveraged trades within the vault are completely gas-free, significantly reducing transaction costs.
4. CEX-Like Experience: Orderly’s centralized limit order book (CLOB) infrastructure provides a familiar and efficient trading interface for novice and experienced traders.
5. Advanced Order Controls: Traders can manage risks effectively with limited orders, all within a user-friendly interface.

Notably, integration positions Quickswap as a premier destination for leveraged trading on Polygon PoS. By addressing previous issues with re-orgs in perpetual protocols, Falkor aims to drive a surge in trading volume and user engagement on the platform.

Arjun Arora, COO of Orderly Network, emphasized the strategic alignment of this partnership: “Partnering with Quickswap aligns with Orderly’s mission to empower DEXs with superior infrastructure, enabling them to rival traditional CEXs in functionality and performance. This integration showcases Orderly Network’s versatility, enabling Automated Market Makers like Quickswap to expand their product offerings to include perpetual futures for the first time on Polygon PoS.”

Sameep Singhania, a Core Contributor at Quickswap, highlighted the leap forward this partnership represents: “Our collaboration with Orderly Network marks a significant advancement for Quickswap and the DragonFi ecosystem. By integrating Falkor with Orderly’s omnichain vault system, Quickswap users can experience best-in-class leveraged trading with zero gas fees, deep liquidity, and an intuitive interface.”

Since its launch in 2022, Orderly Network has achieved impressive milestones, including surpassing $38 billion in trading volume and integrating with top-tier decentralized exchanges. Backed by renowned investors such as Sequoia China, Pantera Capital, and Jump Crypto, Orderly has quickly become a preferred infrastructure for DeFi builders and traders.

Jack Melnick, Head of DeFi at Polygon Labs, acknowledged the significance of this integration: “The incorporation of Orderly Network’s advanced perpetual trading system into Quickswap is a substantial advancement for DeFi on Polygon PoS. Supported by Orderly’s innovative omnichain vaults, this development aligns with our vision of fostering a scalable, efficient, and user-friendly DeFi ecosystem.”

Following its commitment to advancing DeFi infrastructure and providing unparalleled trading experiences, Orderly Network aims to create a comprehensive omnichain protocol, connecting traders across EVM and non-EVM chains within a unified orderbook.