Mode, an AI-driven Ethereum Layer 2 focused on user growth, has introduced Mode Trade, its native decentralized exchange (DEX) for perpetuals trading. This marks the first time a Layer 2 chain has vertically integrated and launched a perpetuals exchange directly on its platform. Powered by Orderly’s unified trading infrastructure, Mode Trade blends Mode’s seamless user experience with Orderly’s backend liquidity and systems, ensuring a comprehensive, efficient trading platform.
Features of Mode Trade
- Vertical Integration for Seamless Experience:
- Mode Trade is the first Layer 2 exchange to integrate a perpetuals DEX directly on the platform.
- This integration offers enhanced user experience and faster development cycles, allowing Mode to maintain control over the platform’s design and functionality.
- AI-Powered Insights for Retail Traders:
- Mode Trade integrates predictive AI through the AI Terminal and Synth, a decentralized forecasting layer powered by Bittensor.
- Retail traders gain access to AI-driven predictive analytics, bridging the gap between institutional and retail tools, enabling more informed decision-making in volatile markets.
- Leveraged Trading:
- Mode Trade offers over 100 trading pairs, with leverage options of up to 50x.
- Traders can navigate the market with access to deep liquidity and a synthetic proactive market-making engine (sPMM) powered by Orderly.
- AI Terminal and Text Command-Based Trading:
- The AI Terminal enables users to execute trades and manage positions using simple, text-based commands, making the platform user-friendly and accessible for both novice and experienced traders.
- Exclusive Access for Giga Stakers:
- Giga stakers holding 400,000 veMODE or more gain access to exclusive AI features on Mode Trade.
- A limited trader whitelist will be rolled out in the coming weeks, providing early users with priority access.
Strategic Impact of Mode Trade
- Filling the Gap for Retail Traders:
- Mode Trade addresses a key issue in the market: the lack of advanced tools for retail traders. By integrating predictive AI, Mode Trade gives everyday traders the ability to stay competitive in unpredictable markets.
- Growth Strategy for Layer 2 Chains:
- According to Arjun Aurora, COO of Orderly Network, Mode’s decision to build Mode Trade directly on its platform represents a growing trend of Layer 2 chains building their own products.
- This strategy accelerates adoption, provides immediate liquidity, and sets a clear direction for the ecosystem, positioning Mode for sustained growth and value demonstration.
- AI-Powered Education for Smarter Trading:
- Mode is focused not only on providing powerful tools but also educating retail traders. The integration of AI forecasting and simple commands enables users to better understand market trends and execute strategies that maximize their chances of success.
Mode Trade introduces a revolutionary approach to perpetuals trading, empowering retail traders with AI-driven insights and leveraging the power of Ethereum Layer 2 technology. This integration of deep liquidity, predictive AI, and seamless user experience sets a new standard for decentralized trading, offering a competitive edge for traders in the ever-evolving crypto market.
