Sonic Labs Announces 200M $S Token Airdrop Eligibility

OmniVault continues its growth trajectory, approaching $6M in Total Value Locked (TVL), up from $4M in late May. The platform currently offers: - 27.95% APY through institutional-grade trading strategies - Powered by Kronos Research, a leading Asian quantitative trading firm - Democratizes access to professional trading strategies previously limited to institutions The vault has shown consistent growth, increasing from $4.03M TVL with 21.72% APY in May to current levels, demonstrating sustained user interest in professional trading strategies. [Access OmniVault](app.orderly.network/vaults)

Orderly Network has officially launched on Abstract Chain, partnering with WOOFi and Noot as initial collaborators. The platform offers: - 100x leverage trading capability - Over 120 trading pairs - Battle-tested SDKs for developers The launch emphasizes user experience and simplified blockchain interactions. Developers can access the [Orderly SDK documentation](https://orderly.network/docs/sdks/overview) to build perp DEXs with built-in liquidity. Future plans include trading competitions, AMAs, and additional features. The platform enables quick deployment, promising zero-to-trading setup in minutes.

Orderly Network has launched a trading competition featuring unusual prizes. The main reward is a professional hunting bow, with alternative prizes including Monster Energy crates, Zyn packs, and cigars. Participants can opt for $250 in $ORDER tokens instead. The competition runs on multiple platforms including: - WOOFi - Saros - Raydium Protocol - Several other major exchanges Winners are selected based on: - Top 3 traders by volume - 1 random trader - 1 liquidated trader The competition coincides with the launch of 100x leverage trading on BTC, ETH, and SOL, with reduced liquidation fees. [Full competition rules](https://orderly.network/blog/100x)

Orderly Network has scheduled a system upgrade for June 3, 2025, at 06:00 AM UTC, with an expected downtime of 30 minutes. Key improvements include: - Take Profit/Stop Loss functionality for Limit Orders - Enhanced vault transparency showing fees, unlocks, and PnL - Infrastructure and backend performance optimization - New builder attribution features on leaderboards **Trading will be temporarily paused during the maintenance window.** *Traders and developers should plan accordingly and adjust their trading schedules.*

Orderly Network has reached significant milestones in its mission to unify cross-chain liquidity: - **Trading Volume**: Surpassed $104B in total trading volume - **Market Presence**: Powers 123 perpetual markets across 49 DEXs - **Chain Integration**: Operating on 16 different blockchains - **User Growth**: Over 500,000 traders utilizing the unified orderbook The platform has evolved from its 2022 vision of connecting cross-chain liquidity into a major DeFi infrastructure provider. This growth represents substantial progress in creating a unified trading experience across multiple blockchains.