Orbs V5 Upgrade Enhances Decentralized Trading on Ethereum and Arbitrum
- Orbs launched its V5 upgrade on Ethereum and Arbitrum to reduce costs and improve decentralized trading security.
- The Layer 3 protocol has processed over $14 billion in trading volume across more than ten networks prior to the V5 release.
- Orbs plans to expand V5 support to additional EVM chains, including Base and Polygon, in the coming months.
- The network generated over $3.2 million in protocol revenue during the period since the release of V4.
- V5 introduces Committee Sync, reducing cost and fragmentation of per-chain verification models by propagating authoritative Layer-3 committee state across EVM-compatible chains using signatures collected from Orbs Guardians.
Orbs’ V5 upgrade is a significant step towards enhancing decentralized trading by improving cross-chain verification and reducing infrastructure overhead on Ethereum and Arbitrum. The introduction of Committee Sync aims to streamline operations across multiple blockchain networks, ensuring efficient and secure transactions without centralized custody or liquidity lockups.
This upgrade underscores Orbs’ commitment to advancing automated trading capabilities within the DeFi space while maintaining operational continuity for existing products throughout the migration process.( Source )
