The ORBS Token Is Now Available on 1inch Exchange.
The blockchain platform Orbs announced its partnership with the DEX Aggregator Protocol 1inch exchange. Under this agreement, the ORBS token is now able to be swapped on 1inch exchange.
In the growing DeFi ecosystem, the blockchain platform Orbs has achieved a range of successful integrations with other decentralized exchanges such as Sushiswap, Uniswap, Pancakeswap, Kyber DMM, and Balancer.
The new integration with 1inch exchange will help users navigate the growing list of swapping alternatives available for the ORBS token across the available DeFi DEXs.
This move should increase liquidity for the token, and open up trade in ORBS to an even wider investor base.
Orbs Continues to Develop in DeFi Space
1inch exchange is known as one of the most popular and efficient DEX aggregators.
The exchange supports access to the most liquidity, lowest slippage, and best exchange rates across the Ethereum, BSC, and Polygon ecosystems. It allows traders and investors to enter and exit positions at attractive rates.
Through the core part 1inch v3 smart contract, the 1inch protocol provides aggregation information services on exchange protocols and networks.
The 1inch v3 smart contract performs runtime verification of transaction execution, and the Pathfinder algorithm, which finds the best trading paths across multiple markets, taking gas costs into account.
A Growing Exchange
To date, 1inch has succeeded to do transactions worth over $50B in total volume, with over 240k total users and 2.3M in total trades. Also, the exchange is connected to Ethereum, BSC, and Polygon, with 88 liquidity sources.
Having Orbs connected to 1inch is another important step to solidify the Orbs DeFi infrastructure needed for further growth of the Orbs-DeFi ecosystem.
The 1inch Network allows users to make fast and protected operations in the DeFi space by uniting decentralized protocols whose synergy.
The DEX aggregator solution of the 1inch protocol searches deals across multiple liquidity sources, offering users better rates than any individual exchange.
Combined with the Pathfinder algorithm, this protocol has found the best paths among different markets over 50+ liquidity sources on Ethereum, 20+ liquidity sources on Binance Smart Chain, and 7+ liquidity sources on Polygon.
In addition, the 1inch DEX aggregator also surpassed $40B in overall volume within only two years.
While the 1inch Aggregation Protocol supports cost-efficient and secure swap transactions across multiple liquidity sources, the 1inch Liquidity Protocol is a next-generation automated market maker.
The 1inch Liquidity Protocol protects users from front-running attacks and offers attractive opportunities to liquidity providers.
Orbs Finds a Support Market
Founded in 2017, Orbs is being developed by over 40 experienced engineers, developers, business people, and academics out of Tel Aviv, Israel, London, UK, Singapore, Tokyo, Japan, and Seoul, South Korea.
Orbs is a public blockchain infrastructure designed for mass usage applications and provides a complete blockchain stack.
Orbs provide developers the perfect mix of performance, cost, security, and ease of use.
Thanks to the combination of scalability, low fees, and isolation between virtual chains with a top-grade developer experience, online IDE, and smart contracts in familiar languages, it is a first rate network.
There are three primary features to the Orbs platform, including Virtual Chains, Randomized Proof-of-Stake, and Cross-chain Interoperability.
The Orbs protocol is decentralized and executed by a public network of permissionless validators by using Proof-of-Stake (PoS) consensus.
Its protocol relies on the ORBS token, which is used for the settlement of fees related to app execution and provides the system of incentives used to elect validators in a secure and decentralized manner.
Orbs have been launched in the DeFi space over the last year, the platform is now introducing its first public DeFi innovation.
The idea behind the Orbs Liquidity Nexus is to implement single-sided farming that allows ETH/BNB only and Stablecoin only strategies.
To learn more about Orbs, just click here for more information