In the fast-paced world of crypto, where trends can skyrocket projects overnight, a recent thread from top trader DeFi^2 (@DefiSquared) sheds light on an under-the-radar gem: Orderly Network. Known for his whale insights and top rankings on platforms like Bybit and DeBank, DeFi^2 points out how large accounts are buzzing about a certain trending perpetual decentralized exchange (perp DEX), without realizing it's all built on Orderly—which quietly takes a cut of the fees. It's like selling pickaxes during a gold rush, he says, and it's a narrative that's hard to ignore.

The thread kicks off with a nod to user experiences in the space. As seen in the embedded tweet from @0xSisyphus, it's apparently easier to open positions on a small, $10 million fully diluted value (FDV) perp DEX—the first black-owned and operated one—than on bigger players like Aster, which boasts a whopping $15 billion FDV. FDV, for those new to the term, is the total market value of a token if all supply were in circulation. Sisyphus even throws in a cheeky thanks to "Jeff" for some free NFT money related to Hyperliquid, highlighting how fragmented and sometimes frustrating the UX can be in these platforms. He urges skeptics to try both, insisting Aster's experience is "meaningfully worse."

The Hidden Powerhouse: Orderly's Role in the Ecosystem

But DeFi^2 flips the script, revealing that many of these hyped perp DEXes are powered by Orderly Network. This infrastructure layer acts as the backbone, handling the heavy lifting like orderbook-based trading, liquidity, and omnichain operations across multiple blockchains. In return, Orderly earns a share of all fees generated— a smart, passive revenue model.

One screenshot in the thread captures the excitement perfectly: a user calling this setup "the hyperliquid of pump.fun." Pump.fun is a popular platform for launching meme tokens on Solana, known for its simplicity and viral potential. Hyperliquid, on the other hand, is a leading perp DEX for leveraged trading. Drawing parallels, Orderly is positioned as the go-to tool for anyone wanting to spin up their own perp DEX without coding headaches.

From Binance Cloud to Orderly One: Evolution of Easy Exchange Building

DeFi^2's thread includes testimonials that drive the point home. Take @SalsaTekila's post: Five years ago, Binance Cloud launched, allowing quick setups for centralized exchanges. Fast forward, and Orderly One does the same for decentralized perps—but better. SalsaTekila built SalsaDEX.com in just 30 minutes, touting deep liquidity and low fees. Unlike Binance Cloud's more rigid structure with KYC (Know Your Customer) requirements, Orderly empowers users to create permissionless, Web3-native exchanges without centralized oversight or revenue-sharing strings attached.

Similarly, @ImNotTheWolf shares a real-world story of building What Exchange using Orderly's SDK (Software Development Kit). It involved hiring and firing devs, getting scammed out of $250,000, and months of frustration. But with Orderly One, the no-code launcher, all that pain is skipped. As Orderly's official post teases, it's "the fastest way to own your exchange, launch a perp DEX in minutes."

Why Orderly Stands Out in the Meme Token Era

This is where it ties into the meme token world we love at Meme Insider. Meme coins thrive on volatility and community hype, and perp DEXes amplify that with leveraged trading—allowing bets on price moves without owning the asset. As key opinion leaders (KOLs) launch new Orderly-powered DEXes daily, it creates more venues for trading memes like dog-themed tokens or viral cats. Think of it: easier launches mean more innovation, deeper liquidity for obscure pairs, and ultimately, bigger pumps (and dumps) for meme enthusiasts.

DeFi^2 compares Orderly to Virtuals, which surged to over $5 billion FDV during the AI agent meta hype. Orderly, as the "functional equivalent for perp DEXes," has no real competition yet. Even after recent listings on major exchanges like Binance and Upbit, its FDV sits at a modest $350 million. That's undervalued territory, especially in a market where infrastructure plays often lag in visibility but deliver steady gains.

Wrapping Up: Is Orderly the Next Big Bet?

Threads like this remind us why staying plugged into crypto Twitter (now X) is crucial. DeFi^2's insights highlight Orderly as a silent winner in the perp DEX boom, much like how Pump.fun revolutionized meme launches. If you're into DeFi or meme trading, keep an eye on $ORDER—the token behind it all. With no-code tools lowering barriers, we could see a flood of community-driven exchanges, boosting the entire ecosystem. What do you think—time to dig for those pickaxes? Dive deeper into Orderly at their official site or check the thread yourself here.