Orbs has launched Perpetual Hub Ultra in a bid to boost native perpetual trading for omnichain decentralized exchanges.
This initiative addresses the current underrepresentation of DEXs in crypto derivatives trading, paving the way for potential market growth.
Orbs Rolls Out Perpetual Hub Ultra with SYMMIO and IntentX
Orbs, a recognized blockchain infrastructure project, has introduced Perpetual Hub Ultra. This launch, a strategic collaboration with SYMMIO and IntentX, seeks to transform perpetual trading capabilities on omnichain DEXs.
The initiative by Orbs aims to address the gap where DEXs currently form only 2% of global crypto derivatives trading. As Ran Hammer, Head of Business Development at Orbs, states, “The total value locked (TVL) in on-chain derivatives stands at $3.4 billion, a fraction of the DeFi market’s overall TVL of approximately $100 billion. Decentralized exchanges (DEXs) contribute a mere 2% to the total crypto derivatives trading volume.” Source. Orbs’ prior achievements in cross-chain solutions bolster its vision.
DEXs Eye Greater Share in $3.4 Billion Derivatives Market
The launch could significantly impact on-chain derivatives volumes, rallying more DEXs into the market space. A focus on major assets like ETH and BTC is likely as DEXs seek to boost participation.
Insights point to a potential reshaping of the derivatives market, allowing DEXs to capture a larger slice. With a current TVL of $3.4 billion, this underserved segment has room for dramatic growth.
Perpetuals: Lessons for DEXs from Binance’s Success
Historical precedent suggests similarities with centralized exchanges like Binance, where perpetual futures overshadow spot trading volumes. Such precedents could guide strategies for DEX adoption.
Kanalcoin experts highlight the potential for increased liquidity and lower integration barriers. The impact on governance tokens and TVL metrics for affected DEXs is positioned for positive trends.
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