Overview of $ORDER

Discover what the $ORDER token is and its role within the Orderly Network ecosystem.

$ORDER is the native token of Orderly Network. It aligns incentives across the ecosystem — rewarding participants who provide liquidity, trade actively, build products, and govern the protocol.

Ecosystem participants

Role	What they do
Market makers	Provide liquidity by placing buy and sell orders in the orderbook. They earn trading profits and liquidity provision rewards paid in $ORDER.
Traders	Buy and sell assets on Orderly, contributing to volume and price discovery.
$ORDER holders	Stake tokens to earn a share of protocol revenue and participate in governance decisions.
Builders	Develop front-end DEXs and other applications on Orderly’s infrastructure. They may receive builder grants based on trading volume, active users, and other metrics.

Token utility

1. Governance — Staked $ORDER grants voting rights over protocol decisions as governance is formalized.
2. Earn VALOR — VALOR measures your staking position (amount and duration) and entitles you to a share of the protocol treasury.
3. Trading reward boost — Staking $ORDER increases your share of trading rewards.
4. Market making reward boost — Staking $ORDER increases your share of market making rewards.
5. Future utilities — Additional uses will be introduced with upcoming Orderly products and third-party integrations.