Orbs is excited to announce the launch of its native token on the SpookySwap platform. Bringing ORBS to the leading DEX-AMM on Fantom will introduce broader liquidity and access to the token, further expanding the Orbs ecosystem.

Tel Aviv, Israel–(Newsfile Corp. – April 7, 2022) – Orbs, the leading interoperability enabler between different blockchains and ecosystems, takes the next step in achieving a multi-chain future. The project has integrated with various Layer-1 and Layer-2 platforms, including Ethereum, Polygon, Solana, Harmony, and Fantom. Fueling ongoing growth of the Orbs ecosystem remains key, and the addition of ORBS to SpookySwap is part of this ongoing process.

SpookySwap represents the biggest DEX-AMM on the Fantom blockchain and represents just under $1 billion in Total Value Locked (TVL). The DEX notes over $150 million in average daily trading volume, making it a robust platform to enhance the liquidity of the ORBS token. Moreover, the addition of ORBS to SpookySwap is facilitated by Orbs making its asset available on Fantom through the Multichain cross-chain bridge connecting various supported networks.

Following the addition of ORBS to SpookySwap, users can now swap and add liquidity to ORBS pools on the leading DEX-AMM on the Fantom blockchain. Two ORBS pools are active today.

Being integrated into SpookySwap marks a crucial milestone for Orbs’ expansion into the Fantom ecosystem. The integration ensures Orbs is now accessible across seven major infrastructure networks: Ethereum, BNB Chain, Solana, Polygon, Fantom, Harmony, and Avalanche. Moreover, the ORBS token is used across several dozen top-tier DeFi platforms and protocols across these blockchains.

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Fantom is currently the sixth-largest DeFi network by Total Value Locked. It represents $7.1 billion in TVL and SpookySwap represents nearly 14% of that Total Value Locked.

About Orbs

Orbs is a public blockchain infrastructure executed by a decentralized network of permission-less validators using Proof-of-Stake (PoS) consensus.

Orbs’ unique features designed for interoperability with EVM-compatible blockchains, together with its decentralized network of nodes, allow it to be set up as a separate execution layer (“L3” ) operating to enhance the capabilities of EVM smart contracts. By working in conjunction with other L1 and L2 solutions as part of a tiered blockchain stack, Orbs opens up a whole new spectrum of possibilities for DeFi, NFT, Metaverse and GameFi.

Orbs was founded in 2017 and launched its mainnet and token in March of 2019. Orbs is being developed by a dedicated team of more than 30 people, with offices in Tel Aviv, London, Singapore, Tokyo, and Seoul.

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Contact

Ran Hammer
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119483

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