Layer 3 blockchain Orbs launches its liquidity hub on Blast-based DEX protocol Fenix Finance

The Orbs team announced the development on Thursday, noting that Orbs Liquidity Hub deployment will help to boost liquidity and capital efficiency

Layer 3 blockchain protocol Orbs has officially launched its Liquidity Hub on Blast-based decentralized exchange (DEX) protocol Fenix Finance.

According to an announcement on Thursday, the development will bolster liquidity and capital efficiency for Blast users.

Orbs Liquidity Hub now live on Fenix Finance

The integration with Fenix marks the fifth deployment of Orbs Liquidity Hub on decentralized exchanges operating on EVM blockchain networks. However, it is the first expansion to a Blast-based DEX.

Orbs Liquidity Hub functions as a layer on top of the Fenix Finance DEX and will leverage multiple liquidity sources to offer the best possible pricing for DEX users. The key benefit is reduced slippage, enabling traders to extract the most value from their trades.

Orbs also helps cut transaction fees for users by providing a solution to the issue of fragmented liquidity across the decentralized finance (DeFi) market. Users can leverage these features to protect against Maximal Extractable Value (MEV) as well as access gas-free transactions.

“By merging liquidity from both on- and off-chain sources, Liquidity Hub delivers an enhanced trading experience without introducing custodial risk,” the Orbs team noted in the announcement.

The launch of Orbs Liquidity Hub on Fenix comes a few days after the platform led a $300,000 seed investment round in Fenix Finance.

Both parties believe the integration of the Liquidity Hub and the funding round will bolster Fenix’s ambitions for its DEX protocol on Blast.

Since launching its Open Beta two months ago, Fenix Finance has attracted over 5,000 users and seen more than $150 million in volume.

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