Blast

Value

Orbs

Fenix Finance

Orbs, a layer 3 blockchain, has announced the introduction of its liquidity hub&nbsp;on Fenix Finance. When it is deployed, users of the L2 will benefit from increased capital efficiency and deeper liquidity on the Blast DEX.
Orbs Liquidity Hub functions as a layer above the Fenix Finance DEX. It brings in more sources of liquidity so that Fenix users can get the best possible pricing. As a result, consumers may extract more value from each trade&nbsp;they make and slippage is decreased.
In addition to delivering lower transaction fees, defense against Maximal Extractable Value (MEV), and gas-free transaction executions, Orbs’ solution addresses the issue of fragmented <a href="https://thenewscrypto.com/defi-tvl-hits-192b-in-may-despite-21-drop-in-active-wallets/" target="_blank" rel="noopener noreferrer nofollow">DeFi</a> liquidity. By integrating with the current Fenix DEX interface, Liquidity Hub preserves the familiar user interface for traders.
This is a first for Blast and the fifth&nbsp;deployment of DEXs running on EVM networks for Fenix with the inclusion of Orbs Liquidity Hub. Liquidity Hub combines liquidity from off-chain and on-chain sources to improve trading without adding custodial risk.
In the event that the trade&nbsp;cannot be completed by Orbs’ liquidity layer at a price that beats the AMM, the transaction returns to the AMM contract and is completed normally. This eliminates the need for traders to manually choose their preferred liquidity channel and ensures that trades will always be completed at the best&nbsp;available rate.
Liquidity Hub’s introduction to Fenix comes after Fenix Finance completed a $300,000 seed funding round led by Orbs. This funding&nbsp;will help Fenix achieve its objective of providing the most capital-efficient trading experience on Blast, together with the implementation of Liquidity Hub.
Since Fenix launched its Open Beta two months ago, more than 5,000 users&nbsp;have started trading on the platform. It has increased its share of the DEX market and produced over $150 million in volume during this period. Now that Orbs Liquidity Hub is deployed, Fenix is in a perfect position to launch additional offerings that will further solidify its position as the industry leader in Blast token trading and liquidity provision.

Orbs Launches Liquidity Hub on Fenix Finance for Enhanced Liquidity on Blast

TheNewsCrypto

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