Orderly Network is a decentralized exchange infrastructure providing perpetual futures trading across multiple blockchain networks. Built on cross-chain architecture, Orderly enables traders to access on-chain orderbooks with EVM compatibility, supporting trading on Ethereum, Arbitrum, Optimism, and other EVM-compatible networks. The protocol features a decentralized orderbook model where liquidity providers (LPs) deploy smart contracts that create pooled liquidity, while traders interact with this liquidity through standardized interfaces. Orderly Network's architecture separates order matching from settlement, allowing for efficient trading while maintaining decentralization and transparency.

Trading on Orderly Network offers several advantages over centralized exchanges. Users maintain custody of their funds throughout the trading process, only approving transactions when placing orders. The protocol's cross-chain nature enables traders to deposit from one blockchain and trade against liquidity from multiple networks simultaneously. Orderly's unified liquidity pools aggregate orders from different chains, creating deeper liquidity and better price discovery. The platform supports various order types including limit orders, market orders, and conditional orders, with all trades settled on-chain with full transparency. Funding rates on Orderly are determined by on-chain mechanisms and paid directly to liquidity providers.

Orderly Network operates on a hybrid DeFi model combining elements of centralized efficiency with decentralized custody. The protocol uses a network of Keeper nodes that manage order matching and execution, while settlement occurs on-chain through smart contracts. This architecture reduces gas costs compared to fully on-chain orderbooks while maintaining user fund sovereignty. Traders can access Orderly Network through web interfaces, mobile apps, or directly via smart contracts. The protocol supports both long and short positions with leverage up to 20x on most pairs, with liquidations handled by keeper bots to ensure protocol solvency. Orderly's cross-chain compatibility makes it attractive for traders seeking decentralized perpetual trading without being limited to a single blockchain ecosystem.