Orderly Network and LogX Partnership: Seamless Integration for Enhanced Perps Trading
Summary
Following the recent partnership announcement between Orderly Network and LogX, the technical integration has been completed. This integration marks a significant step forward in providing traders with an unparalleled trading experience in the perps market.
Introduction
Orderly Network and LogX have successfully integrated their systems, allowing LogX users to tap into Orderly’s robust liquidity layer via API. This integration enhances the liquidity available to traders, reduces slippage, and ensures swift trade execution. LogX’s sophisticated routing algorithms also provide users with competitive fees and the best mark price, optimizing their trading experience.
Main Points
- API Integration: LogX now has seamless API integration with Orderly Network, gaining access to real-time data and efficient trade execution on the comprehensive order book.
- Access to Unrivaled Liquidity: LogX users can now access Orderly’s liquidity layer, making it one of the most liquid avenues in the perps DEX space. This deepens the order book, resulting in enhanced liquidity and reduced slippage.
- Competitive Fees and Best Mark Price: LogX’s routing algorithms consider crucial factors like mark price, depth, slippage, and fees to provide users with optimal mark prices and competitive fees. Orderly extends these benefits to its users through this integration.
- Simplified Trading Experience: LogX simplifies the trading experience by abstracting the complexity of navigating multiple Perp DEXs. With Orderly Network’s Omnichain capabilities, LogX traders can access multiple liquidity sources through a single, user-friendly interface.
- Omnichain Trading Possibilities: LogX will integrate with Orderly’s Arbitrum Asset Layer, enabling seamless trading on this layer. Future plans include integration with other major EVM chains, providing traders with native trading on multiple chains without the need for fund bridging.
- Onchain Settlement: Orderly’s infrastructure includes the Orderly Settlement Layer, ensuring transparency and efficiency in all transactions. Everything is settled on the Orderly Settlement layer, epitomizing a true DeFi trading experience.
- Orderly Omnichain SDK: LogX will leverage Orderly’s robust SDK for continuous and rapid integrations. This allows builders to reduce developer resources and simplify integration with Orderly Network.
Conclusion
The partnership between Orderly Network and LogX brings together institutional-grade liquidity, optimal prices, and a user-friendly trading experience. This integration provides traders with enhanced liquidity, competitive fees, and simplified trading on multiple chains. With the goal of becoming the leading perp DEX for traders, LogX and Orderly Network are paving the way for efficient and transparent trading in the perps market.
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