Orderly Network Moves Fast to Corner the Market for Solana Memecoin Perps

In the ever-evolving onchain landscape, new trends and metas can emerge seemingly overnight, reshaping markets to the bewilderment of traders whose only crime was to catch a few hours of shut-eye. One such trend to have taken root on Solana recently has been the meteoric rise of memecoin perpetuals (or “meme perps”) as traders flock to speculate on these whimsical yet dynamic assets.

This surge has been driven by Orderly Network, which has positioned itself as a key player despite only just launching its cross-chain perps order book on Solana. Having swiftly created perps markets for the hottest rising memecoins, Orderly has demonstrated that it understands what makes Solana tick while providing new ways for traders to long and short assets seeing serious action.

Speculating on the Future of Memecoins

Orderly’s recent moves in the Solana meme perp market show that it’s got a handle on the forces that dominate the network’s impressive trading volumes. By quickly listing trending memecoins such as MOODENG, CHILLGUY, SPX, and PNUT, Orderly has provided traders with a way to make bi-directional bets on tokens that emerged from the Pump.Fun trenches before going on to achieve great things.

Notably, Orderly was one of the first platforms to support CHILLGUY and SPX, giving traders leveraged exposure to these emerging assets while showing that Orderly has no intention of easing into things gently on Solana. Its mainnet launch on Solana significantly marks the first time that EVM and non-EVM orders have been combined into a single perps orderbook. 

You Know You’ve Made It When You Make a Perps DEX

Securing a listing on a perpetual futures exchange – be it centralized or decentralized – is seen as a sign of a memecoin’s maturity. It’s something that’s typically only granted to memecoins that have demonstrated they’ve got real sticking power and aren’t about to wither and die, like 99% of the tokens that graduate from launchpads such as Pump.Fun.

Despite being a comparatively new onchain vertical, meme perps have taken Solana by storm, fueled by their community-driven origins and high volatility, which attracts traders seeking lucrative opportunities. These markets combine the cultural appeal of memecoins with the speculative dynamics of perpetual swaps, offering a unique blend of entertainment and financial opportunity. For Solana, this phenomenon has injected fresh liquidity and engagement into its memecoin sector – not that it was exactly flagging.

While meme perps may carry an air of irreverence, their trading patterns reveal serious opportunities. High volumes and rapid price fluctuations make them a magnet for active traders, while their playful branding draws in a diverse audience. Recognizing this, Orderly Network has strategically positioned itself to sate the growing appetite for these assets, leveraging its omnichain infrastructure to deliver a superior trading experience.

Orderly’s Edge

Orderly’s ability to act swiftly in listing trending meme perps is no coincidence. Its omnichain orderbook, deployed on the Solana mainnet, unites cross-chain liquidity. This infrastructure enables deep liquidity and seamless access to a broad array of markets, ensuring that traders can engage with popular tokens without encountering the limitations synonymous with single-network perps DEXs.

By listing MOODENG, SPX, and PNUT early in their lifecycle, Orderly has injected vitality into the meme perp market while doing its own fortunes no harm. Early support for assets like CHILLGUY has provided critical liquidity while creating opportunities for leveraged traders to capitalize on the volatility that is inherent to all memecoins.

Move Fast and Make Frens

The rapid response of Orderly to Solana’s meme perp boom highlights the need for platforms to remain flexible and responsive to emerging trends. As memecoins and perps protocols continue to gain traction, platforms that can effectively support these assets will play a pivotal role in driving market growth and spearheading innovation.

Decentralized perps protocols can typically move faster than their centralized counterparts, enabling them to strike while the iron is hot. Due to the need to secure sufficient user deposits before opening markets for trading, CEXs are constrained in terms of the stage at which they can list up-and-coming assets. PNUT went from zero to over a billion dollars in just 12 days, illustrating the speed with which winners can be crowned.

While there’s more to perps DEXs than memecoins, their willingness to accommodate this asset class, which now accounts for $40B in onchain volume – every single day – helps to explain why meme perps are the narrative Solana was waiting for. If speculating on Pump.Fun graduates isn’t degen enough for you, meme perps offer another level and a whole lotta leverage.