Layer 3 blockchain Orbs has introduced its liquidity hub on the Blast-based decentralized exchange (DEX) protocol Fenix Finance. The Orbs team announced this development, highlighting that the Liquidity Hub deployment aims to enhance liquidity and capital efficiency for Blast users.

Orbs Liquidity Hub Now Live on Fenix Finance

Orbs Liquidity Hub’s integration with Fenix Finance marks its fifth deployment on decentralized exchanges operating on EVM blockchain networks. Notably, Fenix is Orbs’ first expansion to a Blast-based DEX.

In its operation, the Orbs Liquidity Hub functions as an additional layer on the Fenix Finance DEX, leveraging multiple liquidity sources to offer optimal pricing for users. A significant benefit of this integration is reduced slippage, allowing traders to maximize the value of their trades.

Additionally, Orbs addresses the issue of fragmented liquidity across the DeFi market, thereby helping to reduce transaction fees for users. This feature enables users to protect against Maximal Extractable Value (MEV) and 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 stated in their announcement.

The launch of Orbs’ Liquidity Hub on Fenix comes shortly after the platform led a $300,000 seed investment round for Fenix Finance. Both Orbs and Fenix believe that the integration of the Liquidity Hub and the recent funding round will support Fenix’s objectives for its DEX protocol on Blast.

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

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