Deep Dive
1. Purpose and technology
Orbs describes itself as a decentralized Layer 3 network: an execution layer that works alongside existing blockchains to handle more complex trading functions. Its tools include limit orders, which execute at a chosen price, and time-sliced orders, which break a trade into smaller parts. Its Perpetual Hub lets decentralized exchanges add perpetual futures trading. (CoinMarketCap, Perpetual Hub overview)
2. ORBS token
ORBS is used for network fees and staking. Staking means committing tokens to support network validation; Orbs uses a Proof of Stake model, where validators help verify network activity. (CoinMarketCap)
Conclusion
Orbs is trading infrastructure for decentralized finance, while ORBS is the token used to support and participate in its network. How well can Orbs make sophisticated trading features work across different blockchains?
