As an experienced blockchain analyst, I believe the integration of Orbs Liquidity Hub into Fenix Finance is a significant development for both projects. This expansion marks the first deployment of Orbs’ solution on a Blast-based DEX and represents a strategic move to enhance the user experience on Fenix Finance.
As a researcher studying the blockchain landscape, I’m excited to share that Orbs, a layer 3 blockchain platform, has recently introduced its Liquidity Hub on Fenix Finance – a decentralized exchange (DEX) protocol built on the Blast framework. This development signifies an important step towards enhancing the interoperability and liquidity of the Orbs ecosystem.
On Thursdays announcement, the Orbs team revealed that the upcoming deployment of Orbs Liquidity Hub is intended to enhance liquidity and capital effectiveness for Blast users.
Orbs Liquidity Hub is live on Fenix Finance
The Orbs Liquidity Hub has been integrated with Fenix for the fifth time on Ethereum Virtual Machine (EVM) based decentralized exchanges. This is, however, the initial implementation of Orbs’ solution on a Fenix exchange, which operates using the Blast protocol instead.
While in use, Orbs Liquidity Hub will serve as an additional layer over Fenix Finance Decentralized Exchange (DEX), drawing from various liquidity resources to provide the most favorable pricing for DEX users. This results in a significant advantage: minimized slippage, enabling traders to maximize the worth of their transactions.
Orbs allows users to save on transaction fees by addressing the problem of dispersed liquidity within the DeFi sector. This enables users to safeguard against Maximal Extractable Value (MEV) and enjoy gas-free transactions.
“Liquidity Hub combines liquidity from various on-line and off-line resources, resulting in a more effective trading process that does not involve custodial risk, according to Orbs’ statement.”
A few days after leading Fenix Finance’s $300,000 seed investment round, Orbs has initiated the launch of its Liquidity Hub on Fenix. Both parties anticipate that this integration will significantly contribute to Fenix achieving its objectives for its decentralized exchange (DEX) protocol on Blast.
Over the past two months, Fenix Finance has unveiled its Open Beta, attracting over 5,000 users and facilitating transactions amounting to over $150 million.
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2024-07-04 17:32