Today, let’s experience AscendEX DEX , the latest broker launched on Orderly Network .
I am very excited about this broker because AscendEX will potentially bring many traders on its centralized exchange platform into the DeFi world through its integration with Orderly Network.
What is AscendEX
AscendEX is a full-stack cryptocurrency financial platform created by investors with more than 100 years of experience on Wall Street. The platform provides simple solutions for investing, trading and profiting, helping users maximize their portfolio returns.
Previously, they had been focused on building their highly successful centralized exchange, which has become one of the top exchanges in the cryptocurrency space.
Recently, they used Orderly Networks technology to build their own Perp DEX platform and entered the decentralized Perp field.
This demonstrates their commitment to the decentralization of cryptocurrency, which is a trend we have seen more and more in recent years and I expect to continue in the future.
Below, I will describe how to get started with AscendEX DEX and earn Orderly Merits while using its platform.
AscendEX DEX User Guide
STEP 1. Connect and select an EVM wallet. You can choose Metamask, Rabby Wallet, Phantom, etc.
STEP 2. Once you connect your wallet and switch to Arbitrum, Optimism or Base, you will need to sign and confirm 2 pieces of information in your wallet. The first is to confirm the wallet you are connected to, and the second is to enable transactions between the wallet and AscendEX DEX.
Note: No gas fees are required when signing these two messages.
STEP 3. Once connected and trading is enabled, you can deposit funds into your AscendEX DEX account. To do this, you will need to have native USDC on the Arbitrum, Optimism, or Base networks.
STEP 4. A pop-up window will first prompt you to approve the deposit of the native USDC in your wallet into your AscendEX DEX account (which requires a signature in your wallet and a small amount of Gas), and then a second transaction to complete the actual deposit (again, Gas needs to be paid to complete this deposit, but the cost of interacting on networks such as Arbitrum is extremely low).
STEP 5. Deposit transactions usually take 30 seconds to 2 minutes to process, once completed, the funds will appear in your account and can be used for actual transactions as shown below.
Earn Orderly Merits rewards by trading
By using AscendEX DEX, you are eligible to receive Orderly Network Merits rewards as part of the Orderlys Road campaign. As your trading volume on AscendEX DEX increases, you will receive Orderly Merits rewards proportional to the volume of transactions completed.
At the same time, you can check how many Merits you have earned in a campaign cycle by visiting the Orderly Network official app. So start trading and improve your ranking.
Trading volume on AscendEX DEX - Earn Merits on app.orderly.network
summary
In the coming weeks, I expect AscendEX DEX volumes to really start to grow as the AscendEX team launches new products and Orderly Network activity begins.
This is another great addition to the Orderly Network family of brokers, and it’s great to see another centralized exchange branching out into the decentralized space.
