Mode’s Revolutionary Layer 2 Network Unveils Mode Trade DEX for Perpetual Trading
Mode has made a significant leap in the blockchain space by introducing Mode Trade, a cutting-edge decentralized exchange (DEX) tailored for perpetual contracts. This new venture, built in partnership with Orderly Network, aims to transform Ethereum’s Layer 2 (L2) landscape. The announcement, made on Thursday, April 10, underscores Mode’s commitment to enhancing the trading experience through advanced technology.
Innovative Collaboration for Superior Trading Experiences
The synergy between Orderly’s comprehensive trading framework and Mode’s user-centric interface, powered by artificial intelligence (AI), positions Mode Trade as a pioneering platform in the decentralized finance (DeFi) ecosystem. This collaboration leverages Orderly’s extensive liquidity pools and robust backend infrastructure, ensuring a seamless trading experience for users.
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Exclusive Access for Giga Stakers
Initially, Mode Trade is accessible to Giga stakers who hold a minimum of 400,000 veMODE. These early adopters benefit from enhanced trading capabilities, with plans to expand access through a limited whitelist for additional traders in the near future. This selective rollout ensures that the platform maintains optimal performance and user satisfaction during its initial phase.
Advanced AI-Powered Trading Features of Mode Trade
Mode Trade stands out with its array of AI-driven tools, crafted to provide traders with professional-grade market insights. These tools are designed to bridge the gap between retail and institutional trading by offering features like predictive analytics and streamlined trade execution through intuitive text commands.
Insights from Industry Leaders
Arjun Arora, COO of Orderly Network, highlighted the strategic advantage of utilizing Orderly’s infrastructure. This foundation enabled the swift rollout of Mode Trade, ensuring immediate access to deep, cross-chain liquidity.
Nikita Monastyrskiy, Growth Lead at Mode, stressed the platform’s educational resources, which empower retail traders with sophisticated analytics akin to those used by institutional investors. He noted, “In the volatile landscape of today’s markets, retail traders often lack the advanced tools available to institutional players. Mode Trade addresses this disparity by integrating predictive AI directly into the platform, enabling everyday traders to remain competitive.”
Key Features Enhancing Trading Confidence
Among the platform’s standout features are the AI Terminal and Synth forecasting engines. These tools enable traders to execute strategies with increased confidence, even under challenging market conditions. Mode Trade’s innovative decentralized prediction layer, Synth, is built on Bittensor and integrated directly into the trading terminal. This setup offers users access to an extensive range of over 100 trading pairs, leverage capabilities up to 50x, and utilizes Orderly’s synthetic proactive market-making engine (sPMM) to ensure deep liquidity and minimal spreads.
The launch of Mode Trade marks a pivotal advancement in the DeFi sector, offering an enriched trading experience that merges AI technology with robust market infrastructures. As Mode continues to expand its offerings, it paves the way for a more inclusive and sophisticated trading environment for both retail and institutional participants.
