Mode launches perpetuals DEX with AI integration

Mode has launched Mode Trade, a perpetuals Decentralized Exchange (DEX) designed to offer greater trading options for retail users. Built on a Layer 2 solution, this platform integrates with Orderly's trading infrastructure, focusing on user experience and liquidity.

This initiative marks the first instance of a Layer 2 chain directly building and implementing a perpetuals exchange on its network. The integration combines Mode's user-friendly design with Orderly's established market liquidity and backend systems.

“Layer 2 chains are increasingly taking a more active role in building their products, and Mode is a strong example of that shift,” said Arjun Aurora, Chief Operating Officer of Orderly Network.

“By building Mode Trade on top of Orderly’s infrastructure, they were able to launch quickly while leveraging deep, cross-chain liquidity from day one. It’s a sound strategy for emerging chains to drive adoption, demonstrate value, and set a clear direction for their ecosystem,” Aurora further explained.

Mode Trade aims to bridge the gap between retail and institutional traders by integrating predictive Artificial Intelligence (AI) analytics directly into its platform. According to Nikita Monastyrskiy, Growth Lead at Mode, the platform allows traders to navigate uncertain markets using simpler text-based commands.

“We built Mode Trade to help retail traders navigate market uncertainty with smarter insights and accessible education, allowing them to make informed decisions through simple, text-based commands,” Monastyrskiy stated.

The DEX includes an AI Terminal for trade execution and position management alongside Synth, a forecasting tool developed on Bittensor. This facilitates predictive market insights, equipping users with the resources to make informed trading decisions.

Mode Trade provides access to over 100 trading pairs with leverage options of up to 50x, supported by Orderly's synthetic proactive market-making engine (sPMM). Currently, Mode Trade is available to select early users, and exclusive AI features will soon be accessible to Giga stakers with more than 400,000 veMODE. A limited trader whitelist will be introduced in the upcoming weeks.