Orderly Network Raises Fresh Funding at a Flat Token Valuation of $200 Million

Orderly Network, a decentralized trading infrastructure protocol based on the Near blockchain, has raised an undisclosed amount of funds from CoinDCX Ventures in a strategic investment round. While the size of the investment was not disclosed, it was made via a simple agreement for future tokens (SAFT) at a flat valuation of $200m. CoinDCX Ventures' managing director, Rohit Jain, said order book decentralized exchanges are the next phase in the evolution of DEXs, and that Orderly is the best team to build it out. Orderly Network's mainnet went live in October and currently offers infrastructure for spot order-book trading, with multichain support planned.

(By Yogita Khatri)

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