Vovega Takes Over OmniVault Management from Kronos

Canvex has introduced an innovative "infinite spatial trading canvas" built on Orderly Network's infrastructure. The platform allows traders to drag and drop charts, offering a new way to visualize and execute trades. **Key Features:** - Spatial interface for customizable chart arrangement - Built on Orderly's omnichain trading infrastructure - Represents evolution in DEX user experience design This launch demonstrates how developers are leveraging Orderly's infrastructure to create novel trading experiences. The platform combines visual flexibility with decentralized trading capabilities. Trade on [Orderly-powered DEXs](https://dex.orderly.network/) or explore building your own perpetual DEX using their infrastructure.

Orderly Network's third governance proposal introduces major changes to its revenue distribution model: **Key Changes:** - Buyback allocation **reduced from 60% to 30%** of net fees - **100% of buybacks** now directed to stakers (as esORDER), up from 50% - Community-governed wallet **permanently retired** - **3.25M ORDER tokens burned** from idle community wallet - Protocol now **retains 70% of net fees** for product development and growth **Why the Change:** The community wallet had accumulated 3.25M ORDER tokens with no clear utility or governance direction. The proposal eliminates this inefficiency while maintaining staker rewards at current levels. **Impact:** Stakers receive the same rewards but from a smaller buyback pool. The protocol gains significantly more resources (70% vs 40% previously) to fund development and expansion. The proposal is currently live on [Snapshot](https://snapshot.org) for community voting.

The **I 💜 Perps competition** on Orderly Network has surpassed **$100M in trading volume**, marking significant growth from $20M just a week ago. **Key Details:** - Prize pool continues to scale with each trade executed - Competition deadline: **April 21st** - Traders can still register and participate The rapid volume increase demonstrates strong trader engagement in the competition. Participants have limited time remaining to compete for prizes. [Register for the competition](https://app.orderly.network/campaigns/perps-competition)

**Record-Breaking Month for Real-World Assets** Orderly Network processed its highest-ever volume of real-world assets (RWAs) in March, with on-chain RWA trading volumes jumping 78% compared to previous periods. **What's Driving Growth** - Traditional assets like gold, silver, and stocks now tradeable on-chain - S&P 500 previously accounted for 45.8% of total trading volume on a single day - RWA perpetuals available with up to 20x leverage across 200+ Orderly-powered platforms **Accessible Infrastructure** Developers can now launch their own perpetual DEX featuring these RWA trading pairs for $100 at [dex.orderly.network](http://dex.orderly.network/?utm_source=oex). The growth reflects broader adoption of tokenized traditional assets in DeFi, allowing traders to access familiar markets through decentralized infrastructure.