Mode (MODE), an Ethereum (ETH) Layer 2 (L2) network, has officially launched Mode Trade, a new native decentralized exchange (DEX) for perpetuals built in collaboration with Orderly Network (ORDER), as announced to Finbold on Thursday, April 10.
The new platform combines Orderly’s unified trading infrastructure, deep liquidity, and robust backend with Mode’s user experience model powered by artificial intelligence (AI).
Currently, Mode Trade features are reserved for Giga stakers with at least 400,000 veMODE, with a limited-access whitelist for additional traders announced for the near future.
Mode Trade AI trading features
Mode Trade offers a suite of AI tools designed to help individual traders gain the kind of market insight usually reserved for institutional clients.
Some of the tools available include, for example, predictive analytics and trade execution via text commands.
Arjun Aurora, chief operating officer (COO) at Orderly Network, explained that building on top of Orderly’s infrastructure allowed the team to launch the Mode Trade platform quickly while ensuring deep, cross-chain liquidity from day one.
Nikita Monastyrskiy, Growth Lead at Mode, further emphasized the importance of educational tools available on the platform, stating:
“In today’s highly volatile market, retail traders often lack access to the predictive analytics and advanced tools that institutional traders rely on. Mode Trade closes this gap by integrating predictive AI directly on the platform, giving everyday traders the ability to stay competitive.”
Among the most notable tools are the AI Terminal and Synth forecasting engines, which allow traders to execute their trades with more confidence, even in less favorable market conditions.
Further, Mode Trade’s decentralized prediction layer built on Bittensor called Synth feeds directly into the trading terminal, giving users access to over 100 trading pairs, leverage of up to 50x, and Orderly’s synthetic proactive market-making engine (sPMM) for deep liquidity and tight spreads.
