Deep Dive
1. Buyback Program Launch (5 November 2025)
Overview:
Orderly Network initiated a token buyback program, directing up to 60% of net trading fees to repurchase ORDER from open markets. The program aims to reduce circulating supply, enhance scarcity, and align incentives between protocol revenue and token value. Purchased tokens are held in a community-controlled vault, with governance deciding future use (e.g., burns, liquidity seeding).
What this means:
This is bullish for ORDER as it introduces deflationary pressure and ties token value directly to platform usage. However, effectiveness hinges on sustained trading volume and fee generation. (CoinMarketCap)
2. Orderly One Upgrade (24 October 2025)
Overview:
Orderly One, the no-code perpetual DEX builder, rolled out v1.4.1 with multi-chain deployment, RWA (real-world asset) configuration, and multisig admin wallets. The update simplifies launching compliant asset markets and enhances analytics for builders.
What this means:
This strengthens Orderly’s infrastructure moat by expanding accessible asset classes and lowering barriers for developers. Increased adoption could drive volume and fee growth, benefiting the buyback program. (Orderly)
3. Price Surge Post-Upbit Listing (24 October 2025)
Overview:
ORDER surged 40.95% to $0.30 on October 24 after Upbit, South Korea’s largest exchange, listed its USDT and BTC pairs. The rally coincided with a breakout from a descending channel and record daily volume of $535.7M.
What this means:
The listing boosted liquidity and visibility, but technical indicators (RSI at 72) signaled overbought conditions. Short-term volatility remains likely as the market digests supply dynamics amid broader crypto weakness. (WEEX)
Conclusion
Orderly’s dual focus on deflationary tokenomics (buybacks) and infrastructure scalability (Orderly One) positions it as a key player in the competitive perpetual DEX sector. While recent volatility reflects macro headwinds, the protocol’s revenue-sharing model and expanding use cases could stabilize long-term demand. Will Upbit-driven liquidity sustain ORDER’s momentum despite market-wide fear sentiment?