How is Orderly Network responding to its blockchain integrations? Orderly Network has decided to stop supporting five blockchain integrations that have shown minimal activity. The permissioned liquidity layer for perpetual futures decentralized exchanges is delisting Story, Plume, Monad, Abstract, and Morph effective May 25. This action follows a governance vote that concluded on May 11, reflecting the community's desire for a more efficient ecosystem.
A look at the numbers illustrates the lack of engagement from these chains. Story has only $186,000 in total value locked (TVL). Plume reaches just $24,000, while Monad has $14,000. Abstract and Morph follow with $9,000 and a mere $975, respectively. Notably, there were zero active builders reported on any of these five chains in the past three months.
How did the governance vote shape this decision? Orderly Network encouraged $ORDER token holders to participate in the decision-making process with a governance proposal released on May 4. The rules were clear: any chain that did not secure at least 10% of the total voting power would face delisting. The default outcome favored removal, highlighting the need for community support for any chain's continued presence. Unfortunately, none of the five chains reached the voting threshold, resulting in their delisting.
What does this mean for users of the affected chains? For those using the integrated chains, they can rest assured that fund withdrawals remain accessible. Orderly has confirmed users can withdraw their assets from both retired and active chains without any interruptions.
Why does this matter for Orderly's overall liquidity and ecosystem? With over 18 chains in operation and around 350 active builders, this delisting does not significantly impact the Orderly ecosystem. The remaining chains demonstrate strong performance metrics, including Arbitrum, Base, and Optimism, which showcase higher trading volumes and increased builder engagement compared to those being delisted.
Furthermore, the security implications of maintaining integrations with chains that lack significant activity are considerable. Every chain poses a potential vulnerability. Keeping bridge connections active on chains with minimal TVL creates a risk profile that outweighs any possible benefits.
What does this delisting signify in the broader context of Orderly's initiatives? The decision cannot be viewed in isolation. Recently, Orderly introduced permissionless perpetual futures listings aimed at expanding trading opportunities on its platform. While this delisting represents a tightening of trading channels, it also allows Orderly to streamline its focus on more active and engaged chains. The company has not completely ruled out reinstating any of the five chains if they can demonstrate meaningful growth and involvement in the future.