Orderbook Trading

Introduction

Perpetual Mode delivers a Centralized Limit Order Book (CLOB) experience within a fully decentralized framework, leveraging Orderly Network’s advanced infrastructure. Unlike traditional AMM-based DEX trading, our orderbook supports both limit and market orders, enabling low-latency matching, precise trade execution, and deep liquidity.

By integrating CEX-level order execution with the trustlessness of DeFi, traders can access high-leverage trading (up to 50x) while maintaining full control over their orders.

How It Works

Our orderbook infrastructure is powered by Orderly Network, enabling:

  • Limit and Market Orders – Traders can execute orders with granular precision.

  • Low-Latency Matching – Order execution happens in real-time, mirroring the efficiency of CEXs.

  • 50x Leverage Support – Traders can amplify their positions while maintaining strict risk controls.

Additionally, our Reflective Market Maker (RMM) system enhances orderbook liquidity by:

  • Copying and settling orders from Orderly’s orderbooks.

  • Ensuring real-time market synchronization, reflecting industry-leading orderbook depth.

  • Reducing slippage by mirroring the liquidity depth of centralized exchanges.

This hybrid CEX-like orderbook approach ensures that our Perpetual Mode orderbook remains deep, responsive, and reliable.

Why This Matters

  • CEX-Level Trading in DeFi – Traders enjoy the precision and liquidity of centralized exchanges without sacrificing decentralization.

  • Fast, Efficient Execution – The low-latency matching engine ensures minimal delays, even in volatile market conditions.

  • Flexible Trading Strategies – The combination of limit and market orders allows for greater trading flexibility and control.

For CEX-native traders, Perpetual Mode feels familiar, while maintaining censorship resistance, decentralization, and full user sovereignty.

Summary

What It Means: A Centralized Limit Order Book (CLOB) experience in a decentralized environment, offering precision and control over trades.

How It Works: Orderly Network powers our low-latency orderbook, supporting limit and market orders with up to 50x leverage.

Why It Matters: Traders get the best of both worlds—CEX-level execution with DeFi transparency and security.

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