Orbs, a leading provider of Layer 3 (L3) blockchain technology, has announced the integration of its Liquidity Hub with SwapX, a concentrated liquidity AMM (CLAMM) on the Sonic EVM blockchain.
Orbs, a leading provider of Layer 3 (L3) blockchain technology, has announced the integration of its Liquidity Hub with SwapX, a concentrated liquidity AMM (CLAMM) on the Sonic EVM blockchain. This strategic partnership will provide SwapX users with improved liquidity sources and advanced trading capabilities, enhancing the overall DeFi experience.
With the L3 technology of Orbs, Liquidity Hub aggregates on-chain and off-chain liquidity for optimal DEX trading. The integration will also provide SwapX users with improved execution prices, higher capital efficiency, and safeguarding against miner extractable value (MEV) issues. The partnership further represents the first deployment of Liquidity Hub on the Sonic blockchain, which sports a high-performance EVM of 10,000 TPS and sub-second finality.
Orbs’ Liquidity Hub is an additional layer of execution relying on a Proof-of-Stake consensus mechanism that increases the possibilities of smart contracts beyond their conventional limitations.
“I’m excited to see our partnership come to fruition after working with SwapX for more than a year,” stated Ran Hammer, Orbs’ Vice President of Business Development. “With Orbs L3 powering SwapX, Sonic is one of the most inventive and promising new chains in the industry, and we’re excited to see its exponential growth and the ground-breaking innovations it will bring to DeFi.”
Orbs Liquidity Hub expands to Sonic’s leading DEX
SwapX is aiming for the position as the top DEX on Sonic, providing its liquidity providers with the best-ever liquidity management capabilities and seamless swaps of assets among users. The newly integrated Orbs’ Liquidity Hub improves liquidity pools for SwapX traders, offering better competitive pricing for swaps.
The Orbs Liquidity Hub is decentralized and modular, leveraging decentralized APIs and on-chain solver auctions. Professional traders and market makers can, therefore, compete in auctions to bid for swap requests, optimizing price discovery and improving execution. SwapX will source liquidity from beyond native pools, offering superior swap efficiency to customers. It will also benefit liquidity providers by improving capital utilization.
The product has already been deployed to ten blockchain ecosystems and includes among the major players the likes of Quickswap and THENA. The new release deploys Orbs’ adoption with cutting-edge trading solutions, integrating it into SwapX. This positions SwapX as a leading DeFi space with unmatched efficiency and security.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.