Mode unveils ‘Mode Trade’ decentralized perpetuals exchange
Mode (MODE), an Ethereum (ETH) Layer 2 (L2) network, has officially launched Mode Trade, a new native decentralized exchange (DEX) for perpetuals built in collaboration with Orderly Network (ORDER), as announced to Finbold on Thursday, April 10. The new platform combines Orderly’s unified trading infrastructure, deep liquidity, and robust backend with Mode’s user experience model powered by artificial intelligence (AI). Currently, Mode Trade Features are reserved for Giga stakers with at least 400,000 veMODE, with a limited-access whitelist for additional traders announced for the near future. Mode Trade AI trading features Mode Trade offers a suite of AI tools designed to help individual traders gain the kind of market insight usually reserved for institutional clients. Some of the tools available include, for example, predictive analytics and trade execution via text commands. Arjun Aurora, chief operating officer (COO) at Orderly Network, explained...