IntentX Integrates Orbs Network's Liquidity Hub

Software company IntentX has recently integrated the Liquidity Hub developed by Orbs Network, a Layer 3 protocol, following a recent partnership.

IntentX Collaborates with Orbs

According to a press release shared with Coinspeaker, Orbs Liquidity Hub will serve as the primary spot engine for IntentX, enabling customers to access spot orders and the perpetual contracts marketplace.

Orbs Liquidity Hub is a Decentralized Finance (DeFi) infrastructure platform that utilizes Automated Market Makers (AMMs) to source liquidity both on and off-chain, addressing the issue of fragmented liquidity across Decentralized Exchanges (DEXs). The platform allows users to obtain the best prices without the price impact typically associated with AMMs.

Operating on principles of total decentralization, composability, and open access, the integration with IntentX enables users to leverage the full liquidity potential of the network without incurring additional charges.

IntentX joins other partners of Orbs Liquidity Hub, including Quickswap on Polygon, Quickswap on Polygon zkEVM, and THENA on the BNB chain. It is notably the first platform on the Coinbase Layer 2 chain, Base, to integrate with the Liquidity Hub, and the first to do so without a DEX AMM.

IntentX employs various next-generation technologies to offer omnichain deployment, lower fees, increased liquidity, improved capital efficiency, and scalability. It launched its open-beta trading platform in November 2023, featuring over 250 trade pairs with substantial liquidity.

Orbs V4 Upgrade

Orbs has announced the development of Orbs V4, an upgrade to its network technology, to meet the growing demand for its products and L3 technology. This upgrade focuses on efficiency and robustness to handle the expected increase in product usage this year.

Growing Interest in Liquidity Hubs

Liquidity Hubs are gaining prominence due to the ample liquidity they offer, attracting more traders and investors and boosting trading volume. High liquidity facilitates easier entry and exit from positions without impacting market prices.

Last year, Ripple Labs Inc extended its Liquidity Hub to Australia and Brazil, allowing local firms to manage their crypto liquidity. Ripple’s Head of Liquidity Products, Brad Chase, noted that Liquidity Hub was developed to manage liquidity efficiently across geographies as Ripple’s payments solution grew.

The rising interest in robust liquidity hubs continues to drive innovation, as demonstrated by IntentX's adoption of this trend.