<p><strong><em>Users can now trade real spot assets with high speeds and low fees on NEAR’s first fully-customisable, deeply liquid, orderbook decentralized exchange.</em></strong></p><h3 id="changing-the-game">Changing the game</h3><p>We are beyond excited to reveal that <a href="https://dex.woo.org/en/trade" rel="noopener noreferrer nofollow">WOOFi DEX</a> and Orderly have officially moved on to NEAR’s mainnet! Following the conclusion of a successful testnet which saw 75,000 total users racking up a combined trading volume of $232B, WOOFi DEX and Orderly are now ready to support the trading of real digital assets. Launched less than four months ago, this migration to mainnet represents a colossal milestone in the maturation of both products, and an even bigger landmark in the journey towards a fairer, higher quality on-chain trading experience for cryptocurrency users as a whole.</p><h3 id="changing-the-name">Changing the name</h3><p>In line with our mission to satisfy the wants and needs of all traders, WOO DEX has now become WOOFi DEX - the pro version of its sibling product WOOFi. Despite boasting an impressive array of features that facilitate a superior swapping and earning experience for on-chain users, WOOFi was not designed to satisfy the type of professional trader that thrives on an active orderbook experience. Such users require a sophisticated set of trading tools and the kind of customisable workspaces that WOO X traders have come to know and love.</p><p>WOOFi DEX is the puzzle piece needed to complete WOOFi’s set of decentralized products, forged from a vision of delivering the best possible trading environment while handling the heat of professional, high volume traders. Together WOOFi and WOOFi DEX will coexist in harmony, each offering tools and features that its other half lacks, serving as a perfect package for every on-chain user - no matter their needs.</p><h3 id="what-to-expect-from-woofi-dex">What to expect from WOOFi DEX</h3><p>History-defining products are not born overnight, and they require both the skills of a talented team and the direction of a rigorous roadmap to be realized. Thankfully WOOFi DEX has both at its disposal, with a flurry of much-anticipated features in the pipeline including margin trading, perpetual swaps and eventually, lending and borrowing. In its adulthood, WOOFi DEX will have every tool in its arsenal to take the perpetual swaps trading scene by storm, leveraging WOO Network’s deep liquidity and NEAR’s high throughput, speed, and low fees to eat into the&nbsp; volume of this ever-growing sector of Decentralized Finance (DeFi).</p><h3 id="a-special-day-for-orderly-network">A special day for Orderly Network</h3><p>As WOOFi DEX transitions to mainnet, so too does Orderly - the decentralized infrastructure lying behind the scenes that enables WOOFi DEX to have the look, feel, and touch of a centralized trading experience. Composed by a team that have a proven track record of delivering widely adopted DeFi applications, Orderly is primed and ready to revolutionize on-chain trading by laying down the foundations for projects like WOO Network to build ground-breaking products.</p><p>Leveraging their close connections to world class market makers like Kronos Research, a quantitative trading firm known to move billions of dollars in daily volume, Orderly can provide builders with access to deep, aggregated liquidity. In doing so, they are perfectly positioned to connect ambitious teams with the tools they need to usher in a new standard of DeFi trading which empowers users with a seamless onboarding experience and complete ownership of their assets.</p><h3 id="the-advantages-of-near">The advantages of NEAR</h3><p>High speeds and low fees are non-negotiable for professional traders and that’s precisely what NEAR will provide through their innovative Nightshade sharding technology which allows blocks to be broken down and transacted into more digestible chunks. To put this into perspective, NEAR aims to process up to 100,000 transactions per second (TPS) while Solana can process 65,000, and Bitcoin regularly sees less than 10. This sheer level of scalability combined with NEAR’s explosive user growth as demonstrated by the creation of 18M NEAR wallets to-date makes the network a highly attractive landscape to carve out the future of on-chain trading.</p><h3 id="endless-possibilities">Endless possibilities</h3><p>Decentralized exchanges, wallets, bridges, and money markets are just a handful of the seemingly never-ending list of products that can be built on top of Orderly network. Whatever the builder’s needs, Orderly has the team and technology to make it happen, opening up a world of possibilities for projects looking to affect a long-lasting impact in the realm of DeFi. The future of decentralized trading is incredibly exciting, and Orderly Network is best placed to manifest this, by empowering WOO Network with the tools and resources to create a decentralized exchange the likes of DeFi has never seen.</p><h3 id="stay-tuned-for-all-of-woo-network-s-exciting-developments">Stay tuned for all of WOO Network’s exciting developments!</h3><ul><li>Socials: <a href="https://barracuda.io/woonetwork" rel="noopener noreferrer nofollow">cuda.io/woonetwork</a></li><li>Website: <a href="https://woo.network/" rel="noopener noreferrer nofollow">https://woo.org</a></li><li>Telegram Announcements: <a href="https://t.me/woonetworkann" rel="noopener noreferrer nofollow">https://t.me/woonetworkann</a></li><li>Medium: <a href="https://medium.com/woonetwork" rel="noopener noreferrer nofollow">https://medium.com/woonetwork</a></li></ul><p><em>The content above is neither a recommendation for investment and trading strategies nor does it constitute an offer, solicitation, or recommendation of any product or service. The content is for informational sharing purposes only. Anyone who makes or changes the investment decision based on the content shall undertake the result or loss by himself/herself.</em></p>

WOOFi DEX and Orderly move to Mainnet!

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