Layer-3 (L3) blockchain infrastructure Orbs has recently launched Perpetual Hub, aiming to transform the on-chain futures market with an intent-based approach. As reported by Coinspeaker, Orbs Perpetual Hub is designed to equip traders with tools to fully leverage the benefits of on-chain perpetual trading.

Orbs Perpetual Hub Launch Benefits

The Perpetual Hub, developed in collaboration with SYMMIO and IntentX, marks a significant advancement in Decentralized Finance (DeFi). Orbs' advanced blockchain technology facilitates on-chain futures trading within a reliable and sophisticated framework. The Perpetual Hub comprises three main components: Hedger, Liquidator, and Price Oracle. Hedger, powered by SYMM, functions as a market maker, providing liquidity and fulfilling user orders, even tapping into external liquidity sources like centralized exchanges. The Liquidator allows users to close a trader’s position if the collateral value drops below the maintenance margin threshold. The Price Oracle ensures accurate pricing by supplying reliable on-chain and off-chain data, essential for seamless operations of the Perpetual Hub.

Additionally, Perpetual Hub enhances perpetual futures trading by improving pricing and order execution, thereby increasing trust in the on-chain perps market and boosting the Total Value Locked (TVL) in on-chain derivatives.

Orbs Unveils Latest Upgrade V4

In February, Orbs announced the development of Orbs V4, an upgrade aimed at meeting the growing demand for its layer 3 technology. The V4 upgrade focuses on efficiency and robustness to accommodate the expected increase in product usage. Orbs CEO Nadav Shemesh highlighted the importance of staying at the forefront of L3 infrastructure with this upgrade.

Orbs’ journey towards industry leadership began long ago, with the V4 upgrade arriving nearly two years after the introduction of Orbs 3.0, its original L3 architecture. Orbs is also planning further upgrades and has automated the rollout process for Guardian nodes, which was previously done manually.

In March, software company IntentX integrated Orbs Network's Liquidity Hub into its platform. With the launch of Perpetual Hub, Orbs aims to increase its TVL from $3.4 billion in the coming months.