May 30, 2024
Hypernative News

Orderly Network's Permissionless Liquidity Layer for Web3 Trading is Now Secured by Hypernative

The developer of a unified trading infrastructure for decentralized exchanges with more than 400,000 traders is switching on real-time security.

Hypernative

Hypernative, the best way to secure everything you build, run and own in Web3, is partnering with Orderly Network to protect its permissionless liquidity layer for crypto trading with the industry’s most comprehensive real-time threat monitoring and response platform.

Orderly Network is a combination of an orderbook-based trading infrastructure and a robust liquidity layer offering spot and perpetual futures orderbooks. It offers a powerful SDK, seamless integration for builders, unified liquidity, and superior performance for traders, saving teams over 200 hours on each integration.

By tapping into Hypernative Platform's continuous monitoring, high-accuracy alerts and automated response capabilities, Orderly Network is adding an active security layer for its community of more than 400,000 traders that generated over $42.5 billion of total trading volume. As part of the partnership, Hypernative will also assist with:

  • setting standard operational procedures;
  • creating pre- and post-incident measures;
  • detecting threats and issuing alerts in real time;
  • providing incident response;
  • identifying exploit root causes and suggesting remedies;
  • war room management;
  • community communications and post mortem.

Smart contracts call for smarter security. Hypernative monitors both onchain and offchain data sources in real time to stop hacks with the fastest and most-reliable threat detection and response in Web3. Hypernative Platform accurately identifies over 200 risk types from smart contract hacks and bridge security incidents to frontend compromises, market manipulations and private key theft.

Hypernative Platform uses battle-tested, sophisticated machine learning models, heuristics, simulations, and graph-based detections to identify threats with high accuracy and give customers precious minutes to respond before exploits can do damage. The system monitors security, technical, financial, governance and other risks. Hypernative Platform detected 99.5% of hacks last year with less than 0.001% false positive rate and saved more than $50 million of customer funds to date.

Orderly Network joins over 100 Web3 projects that rely on Hypernative’s real-time enterprise-grade platform that monitors over $37 billion worth of digital assets across more than 30 chains. The list includes Balancer, Berachain, Chainalysis, Chainlink, Circle, Ethena, Ether.fi, Flare, Galaxy Digital, Karpatkey, Linea, Messari, OlympusDAO, Radiant Capital, Sei Networks, Starknet, Woo Finance, and more.

Reach out for a demo of Hypernative’s platform, tune into Hypernative’s blog and our social channels to keep up with the latest on cybersecurity in Web3.

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