Mode has announced the launch of Mode Trade, its perpetuals decentralized exchange (DEX), utilizing the trading infrastructure of Orderly. This marks an integration of user experience on a Layer 2 chain with Orderly's liquidity solutions.

Arjun Aurora, Chief Operating Officer of Orderly Network, stated, “Layer 2 chains are increasingly taking a more active role in building their products, and Mode is a strong example of that shift.” He noted that building Mode Trade on Orderly’s platform allowed for quick launch and access to cross-chain liquidity from the outset.

Nikita Monastyrskiy, Growth Lead at Mode, emphasized that Mode Trade aims to provide retail traders with tools akin to those used by institutional traders. “We built Mode Trade to help retail traders navigate market uncertainty with smarter insights and accessible education,” he said.

Mode Trade incorporates an Artificial Intelligence (AI) Terminal for trade execution and position management alongside Synth, a decentralized forecasting layer offering market predictions, facilitating informed trading decisions.

The exchange supports over 100 trading pairs with up to 50x leverage, enhanced by Orderly's synthetic proactive market-making engine (sPMM). Currently, Mode Trade is available to early users, with special AI features accessible for specific Giga stakers. A whitelist for additional traders will be introduced in the coming weeks.