Here is the rewritten content in well-organized HTML format with all tags properly closed:

Monad and Orderly Network Join Forces to Expand DeFi Reach

Monad, an Ethereum Virtual Machine (EVM) layer-1 blockchain, is set to launch its testnet, marking a significant milestone in the development of the DeFi (Decentralized Finance) ecosystem. The testnet’s arrival comes as the two companies, Monad and Orderly Network, a decentralized exchange (DEX) infrastructure built on the Near blockchain, join forces to expand their reach in the DeFi space.

DeFi’s Second Summer

The arrival of the Monad testnet is seen as a precursor to the second DeFi summer, which is expected to be as hot as the first one in 2020. The first DeFi summer was sparked by the Federal Reserve’s interest-rate cuts in response to the Covid-19 pandemic. This time around, the crypto-friendly administration of President Donald Trump is expected to give DeFi a regulatory tailwind, leading to a surge in DeFi activity.

Orderly’s Omni-Chain Trading Infrastructure

Orderly offers users a shared order book across multiple blockchains, including Arbitrum, Optimism, Polygon, Base, Mantle, and Near. According to Arjun Arora, Chief Operating Officer of Orderly, the company’s focus is on solving the problem of fragmented liquidity in the DeFi space. “With more chains popping up every day, liquidity continues to get fragmented across DeFi, and TVL [Total Locked Value] continues to get moved around,” he said in an interview.

Monad’s Funding Round

In April 2024, Monad Labs raised $225 million in a funding round led by Paradigm. This significant investment is expected to propel Monad’s growth and development as a leading layer-1 blockchain.

Conclusion

The partnership between Monad and Orderly Network is a significant step towards expanding the reach of the DeFi ecosystem. With the upcoming launch of the Monad testnet, the stage is set for a second DeFi summer, which is expected to be as exciting as the first one. As the DeFi space continues to evolve, it will be interesting to see how these two companies will shape the future of decentralized finance.

FAQs

• What is the significance of the partnership between Monad and Orderly Network?
  The partnership is a significant step towards expanding the reach of the DeFi ecosystem and promoting the growth of decentralized finance.

• What is the purpose of the Monad testnet?
  The testnet is a precursor to the launch of the full-fledged blockchain and is expected to provide a fast EVM-compatible building site for developers.

• How will the partnership between Monad and Orderly Network benefit the DeFi space?
  The partnership will provide a shared order book across multiple blockchains, making it easier for users to access liquidity and participate in the DeFi market.

• What is the expected impact of the second DeFi summer on the crypto market?
  The second DeFi summer is expected to bring a surge in DeFi activity, leading to increased adoption and growth in the crypto market.