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ORBS Token Is Now Available on 1inch Exchange

ORBS Token Is Now Available on 1inch Exchange
  • 1inch now lists ORBS tokens on its platform.
  • 1inch enables high liquidity, low slippage, and offers the best exchange rates.
  • Orbs connected to 1inch will help users navigate the swapping alternatives lists.

The most popular and efficient DEX aggregators — 1inch, now lists ORBS tokens on its platform. More so, 1inch allows access to the most liquidity, lowest slippage, and best exchange rates.

Normally, the 1inch protocol offers aggregation information services on exchange protocols and networks. Even more, the main focus of the protocol is the 1inch v3 smart contract. This performs runtime verification of transaction execution, and the Pathfinder algorithm, which identifies the best trading paths across multiple markets. However, consider taking gas costs into account.

Notably, 1inch has executed transactions worth over $50 billion in total volume, with over 240k total users and 2.3M in total trades. 1inch is connected to 3 networks such as Ethereum, Binance Smart Chain, and Polygon ecosystems with over 88 liquidity sources.

Swapping Orbs on the 1inch exchange is easy. Users need to simply choose the ORBS token from the default pull-down list. More so, the 1inch will automatically choose the optimized DEX rate to execute the order.

DEX Aggregator Solution 1inch

All-in-all, the 1inch Network combines decentralized protocols whose synergy allows the most lucrative, quickest, and protected operations in the decentralized finance (DeFi) space. However, the DEX aggregator solution is the initial protocol of the 1inch Network.

This protocol incorporates the Pathfinder algorithm which identifies the best paths among various markets over 50 liquidity sources on Ethereum, more than 20 liquidity sources on BSC, and more than 7 liquidity sources on Polygon. In less than two years the 1inch DEX aggregator surged to $40 billion in overall volume.

The 1inch Aggregation Protocol provides cost-efficient and secure swap transactions across many liquidity sources.The 1inch Liquidity Protocol is a next-generation automated market maker that protects users from front-running attacks and offers attractive opportunities to liquidity providers.

Ever-Growing Orbs-DeFi Ecosystem

Orbs is a public blockchain infrastructure developed for mass application usage. In addition, providing a complete blockchain stack. However, combining scalability, low fees and isolation between virtual chains with a top-grade developer experience, online IDE and smart contracts in familiar languages.

The Orbs protocol is executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus. More so, the Orbs protocol relies on the ORBS token, which is used for the settlement of fees related to app execution and provides the system of incentives used to elect validators in a secure and decentralized manner.

Orbs was founded in 2017, being developed by a dedicated team of over 30 people from Tel Aviv, Israel, London, UK, Singapore, Tokyo, Japan and Seoul, South Korea.

Orbs being live on 1inch exchange follows a series of successful integrations for the ORBS token in the DeFi space. These include among others Sushiswap, Uniswap, Pancakeswap, Kyber DMM, Balancer, and many more.

Orbs has been very active in the DeFi space over the last year and is now introducing their first public DeFi innovation nexus.orbs.com. Furthermore, the idea behind the Orbs Liquidity Nexus is to implement single-sided farming that allows ETH/BNB only and Stablecoin only strategies.

Consequently, having Orbs connected to 1inch will help users navigate the growing list of swapping alternatives available for Orbs across the available DeFi DEXs. Notably, this is another important step to solidify the Orbs DeFi infrastructure required for further growth of the Orbs-DeFi ecosystem.

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.