BTSE has recently made headlines with the launch of BTSE Dex 2.0, a platform that brings cross-compatibility for Ethereum Virtual Machine-based chains. This new update allows users to trade over 50 perpetual futures on networks like Base, Optimism, and Arbitrum. The integration of Orderly Network’s decentralized exchange protocol further enhances liquidity and cross-chain interoperability for decentralized order books.
In an exciting development, BTSE Dex 2.0 is set to receive nearly $1 million in token rewards from both Orderly Network and BTSE Dex. These rewards will be distributed in USD Coin (USDC) through various rounds. Henry Liu, the CEO of BTSE, expressed his enthusiasm for the partnership with Orderly Network, praising their innovative product and user-centric approach that has fueled growth in recent months.
The BTSE Group’s Influence
The BTSE Dex is just one component of the broader product suite offered by the BTSE Group, a prominent global blockchain technology company. With over $170 million in trading volume registered through perpetual contracts of popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), BTSE has solidified its position in the market.
Orderly Network’s Role in DeFi
Orderly Network serves as a permissionless liquidity layer for decentralized exchanges, operating on an omnichain infrastructure. Their yield vaults, offering a fixed 20% APY for 10 different cryptocurrencies, including Dogecoin (DOGE) and Binance Coin (BNB), have attracted significant interest. The total value locked using Orderly’s liquidity layer has surpassed $22 million, reflecting a remarkable 330% year-to-date increase as per DefiLlama data.
Overall, the release of BTSE Dex 2.0 and the strategic partnerships with Orderly Network represent a significant step towards fostering innovation in the crypto ecosystem. By leveraging advanced technologies and prioritizing user experience, both BTSE and Orderly Network are poised to shape the future of decentralized finance. As the industry continues to evolve, collaborations like these will play a crucial role in driving adoption and unlocking new possibilities for traders and investors globally.
