My friend Lao Wang suddenly came to me and said he was recently "opening an exchange." I thought he was just bragging and said, "Bro, you’re something else, who still manually creates a DEX these days? Aren't you afraid of going bald from coding?" But he seriously replied, "No need to code, I just use Orderly One to set it up with one click." I was stunned at that moment—turns out opening an exchange is as easy as starting a bubble tea shop now. Later, I checked and found out that there are already 1118 DEXs built this way across the network, and among them, 51 directly bought the upgraded version of $ORDER. Now I understand, while others buy bubble tea ingredients, he buys the "exchange engine." Every DEX that wants to upgrade has to buy $ORDER in the market, which itself is a solid buy pressure. Moreover, once these DEXs have trading volume, the protocol can earn transaction fee income, part of which is used to repurchase $ORDER, and part is distributed to stakers, money just circulates in the ecosystem and flows back to $ORDER. The brilliance of this model lies in the fact that it doesn't rely on storytelling to pump prices, but rather on "demand-driven buying pressure." If you want to deploy, upgrade, or share profits, you have to spend real money to buy. The key point is that this mechanism comes with two "amplifiers": ① Compound effect: transaction fees are used for repurchase, and after staking, they can generate USDC earnings, which can then be rolled back into the ecosystem, just like a snowball getting bigger and bigger. ② Network effect: the more small DEXs use Orderly One, the more volume they generate and the more money they make, new DEXs will imitate, as more people join in and volume increases, it in turn stimulates more people to buy $ORDER. This is a typical "positive cycle of the ecosystem": no need to talk about dreams, not relying on hype concepts, every buy order, every transaction, is accelerating the system. Now I see Lao Wang's "exchange" actually has transactions every day, I think—turns out the smartest DeFi isn't about daily airdrops to change narratives, but secretly becoming the "underlying engine" that helps others make money.
Show original
6.49K
78
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.