In the fast-paced world of decentralized finance (DeFi), spotting undervalued gems can make all the difference. A recent tweet from crypto enthusiast @inf_liquidity has sparked discussions about $ORDER, the native token of Orderly Network. The post highlights how Orderly is punching above its weight in perpetual futures (perps) trading volume, suggesting it could be undervalued by a factor of 10 compared to peers.

Perpetual futures, or perps, are derivative contracts that let traders bet on crypto prices without expiration dates. They're popular for leveraging positions and are a key metric for evaluating DeFi protocols' activity and liquidity. According to data from DeFiLlama, Orderly Network ranks seventh globally in 7-day perp volume, clocking in at $3.6 billion. That's impressive, especially when stacked against competitors.

Breaking Down the Numbers

The tweet lays out a compelling comparison:

• #4 Aster: $8.4B volume, $11.84B fully diluted valuation (FDV)
• #6 Jupiter: $4.6B volume, $2.27B FDV
• #7 Orderly: $3.6B volume, $0.27B FDV
• #13 Avantis: $2.0B volume, $2.10B FDV
• #14 Myx: $2.0B volume, $10.22B FDV

FDV represents the total value of a token if all supply were circulating at the current price. Orderly's modest $0.27B FDV stands out against protocols with similar or lower volumes boasting billions in valuation. Over the past 30 days, Orderly climbs even higher to fifth place, reinforcing its strong performance.

Why This Matters for Meme Token Traders

While Orderly Network isn't strictly a meme token platform, its orderbook-based DEX infrastructure powers trading for volatile assets, including many meme coins. High perp volume often correlates with active meme trading, as speculators use perps to amplify gains on trending tokens. If Orderly continues this trajectory, $ORDER could see significant upside, potentially 10x from current levels to align with peers.

A follow-up in the thread references another analyst noting Orderly's quarterly volume hitting $101 billion at just an $88 million market cap (distinct from FDV). This underscores a "revenue machine" fueled by protocol fees, not inflation, with staking yields around 80% APR set to end in June 2025. Such fundamentals could trigger a supply shock, benefiting holders.

Looking Ahead

As blockchain practitioners dive deeper into DeFi, tools like Orderly Network provide essential liquidity for meme token ecosystems. Whether you're trading cat-themed coins or blue-chip cryptos, keeping an eye on undervalued infrastructure plays like $ORDER might pay off. For the full thread, check it out here.

Stay tuned to Meme Insider for more insights on emerging tokens and DeFi trends that could shape your portfolio.