Decentralized exchange (DEX) infrastructure provider Orderly Network introduced a platform for users to launch their own perpetuals DEXs.
"Orderly One" allows a perp DEX to be built in a matter of minutes without requiring the writing of any lines of code, Orderly said on X on Tuesday.
The new service is aimed at decentralized autonomous organizations (DAOs), funds, trading communities and so on who wish to build a revenue stream through crypto trading without relying on a centralized entity.
Perpetual DEXs play a significant role in crypto trading, combining perpetual futures market to a decentralized, permissionless environment.
Unlike traditional spot DEXs that only allow token swaps, these platforms let users trade with leverage and short assets, a functionality previously dominated by centralized exchanges like Binance. They allow traders to maintain full self-custody of their funds, eliminating the risk of exchange hacks or insolvency. By operating on smart contracts, they offer a trustless and alternative to centralized platforms.
In theory, the ability for DAOs and trading communities to build their own perp DEXs takes the decentralization a step further: not only is the trading protocol decentralized but so is the entire user-facing experience and its governance.