The Orbs network is widely adopted by top-tier DeFi projects including PancakeSwap (CAKE), and Arbidex (ARB), among others.
Orbs (ORBS) network, a fast-growing layer-three (L3) permissionless blockchain, has announced the addition of Animoca Brands Japan, a subsidiary of Animoca Brands Corporation Limited, as a guardian node operator. The deliberate choice made by the Orbs team to work with Animoca Brands Japan will enhance the network’s overall security.
Moreover, Animoca Brands has been established in Hong Kong as a leader in the Web3 space, mostly focused on blockchain gaming and NFTs. As a guardian node validator on the Orbs network, Animoca Brands Japan will maintain the integrity and stability of the Orbs ecosystem amid the mainstream adoption of DeFi protocols.
“Animoca Brands Japan chose Orbs as their first ever validator partner and offers a partner program to support the global expansion of Japanese Web3 projects and their entry into Japan by providing multifaceted support to promote mass adoption,” Orbs noted in the announcement.
Orbs Network Revolutionizes DeFi Space
The Orbs network is widely integrated into decentralized financial (DeFi) trading to enable seamless transactions through different chains. Currently, the Orbs network supports DeFi projects on the Ethereum blockchain, BNB Chain, Polygon ecosystem, Arbitrum (ARB) network, Avalanche (AVAX), and Fantom (FTM) ecosystem.
Some of the DeFi protocols already leveraging the Orbs layer three networks include PancakeSwap (CAKE), QuickSwap, BaseSwap, DODO, Arbidex, SpookySwap, OpenOcean, and ParaSwap, among others.
The Orbs network provides integrated DeFi protocols with a seamless liquidity hub, which enables the respective users to swap at low fees. Other products enabled by the Orbs Layer Three network include the Perpetual Hub, the dLIMIT protocol, and the dTWAP protocol.
As a result, the DeFi protocols integrated with the Orbs network get to operate in a similar fashion as centralized exchanges but in a decentralized manner. Moreover, the Orbs network acts as a supplementary execution layer, by tapping into Proof-of-Stake consensus, thus facilitating complex logic and scripts beyond the native functionalities of smart contracts.
Market Picture
The Orbs network existed before the 2021 crypto bull cycle and gathered immense support from the web3 space. The ORBS ORBS $0.0106 24h volatility: 3.3% Market cap: $51.21 M Vol. 24h: $5.14 M is a small-cap altcoin, with a fully diluted valuation of about $229 million and a daily average traded volume of around $5 million.
Despite the impressive performance in the 2021 bull cycle, the altcoin is still trading around bear market lows. According to the latest market data, ORBS price hovered around $0.0228 on Wednesday, down over 93 percent from its all-time high (ATH), about $0.36 which was achieved three years ago.
With the mainstream adoption of DeFi protocols fueled by institutional investors, ORBS price is well positioned to rally further beyond its all-time high in the coming quarters. Moreover, a major altseason is expected to happen as soon as Bitcoin dominance in the weekly time frame reverses from the rising trend.
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