Orbs Perpetual Hub has achieved a monthly trading volume exceeding 

This summer has been marked by unprecedented activity on Orbs L3 🌟 

Orbs Perpetual Hub has achieved a monthly trading volume exceeding $100M 📈

This summer has been marked by unprecedented activity on Orbs L3 🌟 

What Is Orbs?

To find out even more about this project, check out our deep dive of [Orbs](https://coinmarketcap.com/alexandria/article/what-is-orbs).

## What Is Orbs (ORBS)?

[Orbs](https://coinmarketcap.com/currencies/orbs/) is a public[ blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) infrastructure that combines scalability, low fees, performance, security, and ease of use.

The platform is designed for mass-use applications and supports a complete blockchain stack. The Orbs platform is a decentralized, open and transparent network that offers practical blockchain solutions for enterprises and other large-scale consumer applications.

The Orbs protocol uses the ORBS token, which calculates commissions for executed applications and provides an incentive system that is used to select validators, thereby ensuring the integrity of the network. The ORBS token serves as the only means of payment on the Orbs platform.

Orbs was established in 2017 and was developed by experienced engineers, businessmen and scientists who have managed to create an infrastructure that uses blockchain virtualization and randomized proof-of-stake (RPoS) to ensure blockchain[ scalability](https://coinmarketcap.com/alexandria/glossary/blockchain-trilemma).


## Who Are the Founders of Orbs?

There are four people behind Orbs: Daniel Peled, Tal Kol, Netta Korin and Uriel Peled.

Daniel Peled is president of Orbs. He is also the co-founder and CEO of an Israeli fintech startup called PayKey. Peled is a veteran of the Israeli[ Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) community and holds an LLM and Bachelor’s of Science in Economics.

Tal Kol holds a Bachelor’s of Science in Computer Engineering from the Technion, a university in Haifa, Israel. He’s an expert in blockchain applications and was formerly the head of engineering at Kin by Kik Interactive. Prior to Orbs, he co-founded Appixia, a mobile app startup that was acquired by Wix.com.

Netta Korin began her career on Wall Street as an investment banker and later retrained as a hedge fund manager. Korin has an impressive philanthropic background. Moreover, prior to her success at Orbs, she served as senior advisor to Deputy Minister for Diplomacy Dr. Michael Oren in the Israeli Prime Minister’s Office.

Uriel Peled is a consultant on a number of blockchain projects, which has earned him a reputation as one of the most influential and respected tech personalities in Israel. He has a degree in electrical engineering from the Technion. Before joining the Orbs team, Peled co-founded Visualead, an AR/VR startup that was later acquired by Alibaba.


## What Makes Orbs (ORBS) Unique?

Orbs is a public blockchain platform that supports[ smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) and works by complementing the already existing[ Ethereum](https://coinmarketcap.com/currencies/ethereum/) standards. This combination of Orbs and Ethereum allows[ DApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) on the platform to take advantage of both chains at once, enjoying security, liquidity, low tariffs, scalability and access to payment infrastructure.

**Key benefits include:**



* The seamless transfer tokens between blockchains.
    * 
* Developers have access to the ecosystem, its wallets, tokens and exchanges.
    * 
* With Orbs' scalable production environment, users have access to the benefits of basic liquidity.

There are two types of roles in the Orbs platform ecosystem: delegators and guardians.

Delegators are [ORBS](https://coinmarketcap.com/currencies/orbs/) token holders who assign their voting weight (their share) to the guardians, who are tasked with keeping the network safe. The guardians are thus widely represented in the ecosystem via a delegated stake and can vote for validators without following protocol.

On top of this, Orbs has developed two technologies: virtual chains and randomized proof-of-stake (RPoS). DApps that use Orbs deploy their own separate virtual chain to maximize performance, while the RPoS consensus mechanism ensures security and decentralization.


## Related Pages:

Read about[ Bancor](https://coinmarketcap.com/currencies/bancor/) (BNT) and[ 0x](https://coinmarketcap.com/currencies/0x/) (ZRX). 

What are DApps? Learn more with[ CMC Alexandria](https://coinmarketcap.com/alexandria/article/what-are-dapps).

Read a comparison between[ proof-of-work vs. proof-of-stake](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake). 

What is a blockchain? Let's go back to basics via our[ educational portal](https://coinmarketcap.com/alexandria/article/what-is-a-blockchain).

Take a look at the CoinMarketCap[ blog](https://coinmarketcap.com/alexandria/categories/blog).


## How Many Orbs (ORBS) Coins Are There in Circulation?

Orbs is an[ ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token that operates on the Ethereum platform. Tokens are the main means of payment for all services on the Orbs platform. Via the token, users can pay for services from infrastructure operators  and the token is also used to select validators and to manage the protocol in general.

The network’s total supply is 10 billion[ ORBS](https://coinmarketcap.com/currencies/orbs/) tokens. This supply is fixed and is generated using a process called priming. The distribution of tokens is as follows: 55% for long-term reserves, 20% for private sales, 20% for the team and founding partners, 5% for advisors.


## How Is the Orbs Network Secured?

The proof-of-stake ([PoS](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake)) ecosystem is the basis for the Orbs network and ensures its security and smooth operations, thereby optimizing the platform for DApps.

For its part, randomized proof-of-stake (RPoS), is both fast and secure. For each round of consensus, a selection is made from a set of validators, executed by small, random committees. This randomization and set of validators serve to establish security and decentralization and, with the committees’ help, consensus is achieved. This Orbs model is called Helix. It’s a[ Byzantine fault-tolerant](https://coinmarketcap.com/alexandria/glossary/byzantine-fault-tolerance-bft) and scalable algorithm, in which guardians and delegators use a stake to select validators.


## Where Can You Buy Orbs (ORBS)?

In the rapidly evolving[ DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) ecosystem, the Orbs blockchain platform has managed to implement a set of integrations with decentralized exchanges (DEXs). As of July 2021,[ ORBS](https://coinmarketcap.com/currencies/orbs/)' share of the total cryptocurrency market is 0.01%, and the list of exchanges where ORBS can be traded includes[ Bithumb](https://coinmarketcap.com/exchanges/bithumb/),[ KuCoin](https://coinmarketcap.com/exchanges/kucoin/),[ Bittrex](https://coinmarketcap.com/exchanges/bittrex/),[ OKEx](https://coinmarketcap.com/exchanges/okex/),[ Indodax](https://coinmarketcap.com/exchanges/indodax/),[ ProBit Global](https://coinmarketcap.com/exchanges/probit-exchange/),[ Upbit](https://coinmarketcap.com/exchanges/upbit/),[ Hotbit](https://coinmarketcap.com/exchanges/hotbit/),[ Bilaxy](https://coinmarketcap.com/exchanges/bilaxy/),[ Coinone](https://coinmarketcap.com/exchanges/coinone/),[ Huobi Korea](https://coinmarketcap.com/exchanges/huobi-korea/),[ LiteBit.eu](https://coinmarketcap.com/exchanges/litebit/),[ Bitsonic](https://coinmarketcap.com/exchanges/bitsonic/),[ KyberDMM (Kyber Dynamic Market Make Protocol)](https://coinmarketcap.com/exchanges/kyberdmm/),[ BHEX (BlueHelix Exchange)](https://coinmarketcap.com/exchanges/bhex-bluehelix/), and[ Bitbns](https://coinmarketcap.com/exchanges/bitbns/).

Cryptocurrency newbie? Learn how to buy[ Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) and other tokens with our[ guide](https://coinmarketcap.com/how-to-buy-bitcoin/).

Orbs

Trust Wallet

MetaMask

Binance Chain Wallet

SolFlare

Backpack

Phantom

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Pepe

Bancor

LimeWire

Orchid

Hashflow

Goldfinch

Stargate Finance

BOBO

Bluzelle

Clearpool

Gekko HQ

Privapp Network

Love Hate Inu

RAYN

Sommelier

MediBloc (MED) is a South Korean-based decentralized blockchain protocol for the healthcare industry through which medical institutions can securely transfer, collect, store and manage data. With MediBloc, physicians can access patient information, medical history, prescribed medication, insurance issues and more. MediBloc makes medical data more accessible by allowing everyone involved to track and record medical conditions, appointments, examinations, treatments and more.

The ecosystem is built on three key elements: MediBloc Core (a layer for storing data and providing additional storage), MediBloc Application (a layer for accessing and managing data through various applications), and MediBloc Service (a layer applying smart contract technology that connects the other layers and allowing input and output of data).

The platform offers three categories of accounts: for general users (patients), healthcare providers (doctors and medical institutions) and data scientists, the latter two require proof of their accreditation. The project is aimed at improving the quality of medical services and infrastructure by optimizing information storage processes and giving users sovereignty over their own data. MediBloc is compliant with the HIPAA Security Rule, the Health Insurance Portability and Accountability Act.

MediBloc

Loom Network is a platform as a service that is built on top of Ethereum and allows developers to run large-scale decentralized applications. This platform was released on October 1st, 2017.

The goal of this is to allow application developers to have smart contracts that can access much more computing power when it is required, or maintain the same power at lower costs for tasks such as trials for onboarding new users or applications that simply do not need the full security of blockchain to begin with.

In this system you have the ability to interact with APIs developed by third parties which are not on chain. Loom attempts to be the ultimate platform that allows smart contract developers to create applications without the need to switch to another programming language.

As such, they can easily integrate their applications with the outside world.

The Loom Network runs on Plasma, which is a scaling solution that allows for faster transactions throughout the network.

Loom Network

Status is categorized as a mobile and desktop operating system and decentralized browser that incorporates a messaging system. As such, Status allows you to interact with a network at any time, from anywhere. It was originally released in June in 2017.

It is a light client Ethereum node, and has the ability to give you access to all Ethereum decentralized applications (otherwise known as DApps) from an app that is installed on your mobile phone or tablet. This means that users can send encrypted messages as well as access decentralized applications, including a cryptocurrency wallet.

Status

Ardor

JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin lending platform known as JustStable.

The platform launched in August 2020 following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that same year, but the native governance token of the platform (JST) has been circulating since May 2020.

It is a two-token ecosystem built around the USDJ and JUST (JST) tokens. USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio.

To obtain USDJ on JUST, traders need to deposit collateral in the form of supported collateral tokens — including TRON (TRX), which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position (CDP). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral.

The platform is designed to provide a fair and borderless hub of DeFi products, that any TRON user can access.

JUST

MiL.k

Ontology Gas

Bancor is an ecosystem of decentralized, open-source protocols that promote on-chain trading and liquidity.

Its main protocol, Carbon, is a decentralized trading protocol allowing users to perform automated trading strategies using custom on-chain limit orders and range orders, with the option of combining orders together to create automated buy low, sell high strategies.

By design, Carbon orders are irreversible on execution, easily adjustable directly on-chain, and resistant to MEV sandwich attacks. These capabilities give users an unprecedented level of control and automation to perform novel trading strategies on-chain.

Fast Lane, a separate open-source arbitrage protocol, allows any user to perform arbitrage between Bancor ecosystem protocols and external on-chain exchanges and redirect arbitrage profits back to the Bancor ecosystem.

All Bancor ecosystem protocols are governed by the BancorDAO via staked BNT.

Bora is a decentralized ecosystem for games and entertainment. Bora aims to attract games and applications from the GameFi sector to its Bora Chain to avoid building on blockchains like Ethereum that have high gas fees. For that reason, Bora follows a two-tiered blockchain system: the BORA token is traded on the Klaytn blockchain, a public blockchain that is focused on metaverse and gaming use cases. The Bora chain is a modular blockchain that can be used as an execution layer by decentralized applications.

The Bora team provides development toolkits that support developers with creating decentralized applications for its ecosystem. It also utilizes Bora Points, a currency within the ecosystem as a resource for development and to incentivize contribution to Bora. Bora Points can subsequently be converted to the BORA token.

BORA

Civic is a blockchain-based identity management solution that gives individuals and businesses the tools they need to control and protect personal identity information.

The platform is designed to change the way we think about identity verification by giving users more control over their personal data, while allowing them to access a wide range of services without needing to fork over excessive amounts of personal information.

Civic's identity verification solution uses distributed ledger technology to authorize identity usage in real time, and is used to sparingly share information with Civic partners after authorization by the user.

Unlike some other identity management services, Civic users store all their sensitive data on their mobile device. Users are able to authorize the sharing of specific personal data by providing a biometric signature through the Civic app.

The Civic ecosystem is enabled by a unique utility token known as the Civic token (CVC), which is used for the settlement of identity-related transactions between Civic participants — such as between a customer and service provider.

Users can earn CVC tokens for completing a variety of tasks, such as signing up for a service through the platform or introducing new users, while validators can earn CVCs for validating documents for service providers.

Civic was launched in 2018, following a sell-out initial coin offering (ICO) the year prior.

Civic

aelf

Founded by Peter Kim, MovieBloc is a reverse ICO project driven by the Korean video streaming platform Pandora.tv. MovieBloc is a decentralized movie and content distribution platform.

MovieBloc

Function X is mirroring traditional financial products on the Function X network and creating decentralized financial products and a decentralized trading system. It is a highly customizable and expandable multi-chain architecture blockchain network (subnets) that can meet different business needs.

Function X

Metal DAO

QuarkChain

Founded in 2015, StormX is one of the first global cryptocurrency-based solutions to reach worldwide markets. As a mobile app and browser extension, StormX aims to bring users cashback in crypto for most of their online purchases. With enterprise partners like Samsung, Nike and Lego. StormX also allows users to stake the native STMX token to boost their rewards.

The company has already attracted investments from Blockfolio, Litecoin Foundation and Kyber Network. StormX has successfully developed its product and has become an industry leader in the crypto cashback community. The company is also catching users’ attention by offering cashback of up to 87.5% for some purchases.

StormX

Steem is a community-focused blockchain that creates an instant earning opportunity for the network’s users. The protocol is designed to provide an earning opportunity for customers based on their value to the network. It is designed to provide users with a platform where they can post curated content online, and get paid in cryptocurrency.

The protocol is a publicly available, incentivized blockchain database that allows users to interact with each other and earn in return. It leverages technologies from both social media and cryptocurrency to provide users with value. The network ensures the fair treatment of contributors by running a reward structure that reflects each user’s contribution.

Steemit is the first app that was built on the Steem blockchain, and it launched on July 4, 2016. The protocol aims to provide value for its community of users in the following ways:

To provide thoughtfully chosen news and commentaries.

Creating an opportunity to earn.

As a source that offers answers to users’ inquiries.

Offering a stable cryptocurrency pegged to the USD.

Steem

Bifrost Network is an EVM-compatible layer 1 blockchain network designed to achieve interoperability and bring Web3 to Web2 users. Equipped with advanced cross-chain functionalities, Bifrost seamlessly connects various blockchain networks, including the Bitcoin Network, and allow DApps to utilize a range of promising cryptocurrencies from any supported blockchain networks. Bifrost Network leverages the interoperability by utilizing native BTC to DeFi services. BTCFi is an asset management service that uses Bifrost Network to provide wide range of use cases for native Bitcoins.

Bifrost

Orchid (OXT) is the native token of Orchid, a cryptocurrency-powered virtual private network (VPN).

Launched in December 2019, Orchid describes itself as the world’s first incentivized, peer-to-peer privacy network.

Its aim is to overcome internet freedom limitations by using cryptocurrency payments to allow anyone to purchase bandwidth from any participating provider. This is done using so-called probabilistic nanopayments, which occur using OXT, an ERC-20 standard token on Ethereum.

Regular payments to providers occur off-chain, allowing Orchid to avoid problems with congestion and gas fees on the Ethereum network.

The service is pay-per-use, meaning that users only have to contribute funds when they actually connect, instead of paying monthly or annual fees.