Orderly Network has just unveiled an update to its Ethereum Virtual Machine (EVM) platform, introducing a range of new features and enhancements. This upgrade focuses on improving trading stability, effectiveness, and bid levels for specific orders.
The upgraded EVM Platform boasts several new features, including support for bid/ask levels for bid/ask orders and post_only_adjust for post_only orders. Additionally, the Enhanced Fee Split Service can now handle four times more trades, and the deposit process has been accelerated.
In a tweet on June 25, 2024, Orderly Network announced the upgrades, highlighting the enhancements to bid/ask levels for accurate orders. This improvement allows users to post even more precise buy and sell orders, ultimately enhancing the overall trading environment.
Another notable feature of the update is the ability to set post_only_adjust for post_only orders, allowing for seamless modification of these orders in the order book.
The Enhanced Fee Split Service now has the capacity to handle a significantly higher volume of trades, marking a fourfold increase in its capabilities. This enhancement is expected to lead to a more efficient trading experience for users.
The upgrade also focuses on improving trading stability and effectiveness, with deposits being reinvented to allow users to add funds to their accounts more quickly. This improvement aims to enhance user experience and accessibility on the platform.
Orderly Network’s ultimate goal is to influence the development of Omnichain perpetual contracts (Perps) in the future, and these upgrades bring them closer to realizing their vision.
These enhancements reflect Orderly Network’s commitment to providing a stable and effective trading platform. The new features are expected to bring about increased efficiency and flexibility in the trading experience for users.