Orbs’ Liquidity Hub comes to QuickSwap Share
Cryptocurrency Oct 24, 2024Orbs, a Layer-3 (L3) blockchain infrastructure provider, has announced that its Liquidity Hub is now integrated with QuickSwap, as reported to Finbold on Thursday, October 24.
As a leading decentralized exchange (DEX) with multi-chain support, QuickSwap will leverage Orbs’ technology to aggregate Ethereum (ETH) liquidity and deliver more competitive pricing.
The decision to integrate Orbs’ Liquidity Hub was made possible by an overwhelming community vote.
Picks for you
Here’s the 'hidden factor' driving Silver prices higher 15 hours ago Here's why a Bitcoin smart trader is buying BTC right now 15 hours ago Expert warns Bitcoin’s ‘Uptober will end as Downtober’ 16 hours ago Commodity strategist warns gold’s parabolic rally ‘unsustainable’ if Kamala Harris wins 17 hours ago
For the first time, Liquidity Hub is live on Ethereum mainnet via @QuickswapDEX! 💥
LH aggregates on-chain and off-chain liquidity, supported by a network of solvers, including @paraswap
Learn more: https://t.co/8La0UoYRQg pic.twitter.com/nIh3M2b4EA
— Orbs (@orbs_network) October 23, 2024
Orbs launches on Ethereum
As part of its expansion to Ethereum, QuickSwap will rely on Orbs’ Liquidity Hub to source all of its liquidity, offering users better pricing by combining on- and off-chain liquidity pools.
When you place an order on QuickSwap, the Liquidity Hub uses a network of competing third-party solvers to fill it.
QuickSwap Liquidity Hub is live on Ethereum! 🔄
Trade between your favorite ERC-20 tokens at competitive prices on the @ethereum L1 Mainnet.https://t.co/c6qG1d3Vtt
The deployment of this swap aggregator marks Phase 2 of QuickSwap's expansion to Ethereum.
A monumental moment… pic.twitter.com/SlaVneLTty
— QuickSwap 🐲 DragonFi 2.0 (@QuickswapDEX) October 23, 2024
These solvers can access on-chain liquidity from automated market makers (AMMs) or access their private inventories.
Additionally, the system is accessible within an application programming interface (API), allowing professional market makers to submit bids and participate in the liquidity competition to ensure the best possible pricing.
Reducing price impact and optimizing liquidity for traders
The Liquidity Hub integrates with other platforms like ParaSwap and Odos, and QuickSwap has previously integrated other Orbs technologies like dTWAP and dLIMIT on its Polygon platform.
These advanced trading tools allow users to place Dollar-Cost Averaging (DCA) orders or split large trades into smaller ones to reduce price impact.
The success of these protocols on Polygon contributed to QuickSwap’s confidence in adopting Orbs’ Liquidity Hub for its Ethereum operations.
With the new integration, QuickSwap will be able to strengthen its position as a leading multi-chain DEX, providing a superior trading experience across a range of Layer-1 (L1) and Layer-2 (L2) networks.
Likewise, the integration will boost the platform’s capital efficiency, grow its user base, and enhance liquidity options.