Orderly Network has just announced an upgrade to its Ethereum Virtual Machine (EVM) platform. It brings several new features and improvements. Mainly this upgrade has covered the significant features like trading stability, effectiveness and bid levels for the specific orders.
We just upgraded our EVM Platform! 🚀
Some of the upgrades include the following:
✅ Support bid/ask level for bid/ask orders
✅ Support post_only_adjust for post_only orders
✅ Enhanced Fee Split Service – now handles 4x more trades
✅ Accelerated Deposit Process pic.twitter.com/52o7Zx56SI— Orderly Network (@OrderlyNetwork) June 25, 2024
Orderly Network Enhances Bid/Ask Levels for Accurate Orders
Among them, an enhancement to the bid/ask levels now supports bid/ask orders. This enhancement enables users to post even more accurate buy and sell orders helping. This will help to improve the general trading environment.
Another feature of the update is the ability to set post_only_adjust for post_only type of orders. It also allows post-only orders, which are supposed to be placed in the order book as a way of not being executed instantly, to be modified seamlessly.
The number of trades has increased fourfold for The Enhanced Fee Split Service. This update results in the ability for the platform to handle more volume of transactions.
Upgrade Improves Trading Stability and Effectiveness
Similarly, the deposits have been reinvented to allow users to put more money into the accounts in less time. This improvement is targeted towards improving the ease at which users can find and interact with information they want on the website or app.
The aim of Orderly Network is to influence the development of Omnichain perpetual contracts (Perps) for the future. With these upgrades, they are reaching closer to their vision.
These upgrades affirm Orderly Network’s dedication to delivering a stable and effective platform for trading. These new features will bring about an improvement in the efficiency and flexibility in the trading experience for users.
