Layer 3 blockchain Orbs has launched its Liquidity Hub on the Blast-based decentralized exchange (DEX) protocol Fenix Finance. The Orbs team announced this on Thursday, emphasizing that the integration will boost liquidity and capital efficiency for Blast users.
Orbs Liquidity Hub is now live on Fenix Finance, marking its first deployment on a Blast-based DEX and the fifth on EVM blockchain networks. This integration aims to reduce slippage and ensure traders get the best possible pricing by leveraging multiple liquidity sources.
The standout feature of Orbs Liquidity Hub is its ability to cut transaction fees and provide gas-free transactions. It also protects users against Maximal Extractable Value (MEV) by addressing fragmented liquidity issues across the DeFi market. Since its Open Beta launch two months ago, Fenix Finance has attracted over 5,000 users and processed more than $150 million in volume.
Orbs’ recent $300,000 seed investment in Fenix Finance aligns with their shared goals to enhance the DEX protocol on Blast. This strategic move is set to significantly impact the DeFi landscape by improving trading efficiencies and user experience.
