ORBS, native cryptocurrency of public decentralized blockchain Orbs Network, goes live on leading Ethereum (ETH) rollup Arbitrum (ARB) thanks to Axelar bridge
After launching sophisticated trading features, Orbs Network , a high-performance L3 blockchain, shares the details of major cross-blockchain integration. Thanks to a noncustodial bridge, its core cryptocurrency is now available on the largest L2 in the EVM ecosystem by total volume of assets locked by liquidity providers.ORBS, a core native utility, governance and staking cryptocurrency of
, goes live on Arbitrum , a major L2 protocol on top of Ethereum . ORBS' expansion from Ethereum to Arbitrum is being facilitated via Axelar , a Turing-complete inter-chain network.Orbs Network enthusiasts can start utilizing Axelar's noncustodial bridge Satellite to transfer their ORBS tokens from Ethereum to Arbitrum and vice versa. As of Q3, 2023, the Axelar network has successfully processed over 700,000 cross-chain swaps with a cumulative transaction volume of over $1.8 billion.
Ran Hammer, vice president of the business development unit at Orbs Network, stressed the importance of this launch for the progress of ORBS' cryptocurrency and its ecosystem:This strategic move represents a significant milestone for Orbs. By expanding our ecosystem to Arbitrum, we are taking a momentous step towards enhancing user experience and addressing long-standing scalability challenges Integrating with Arbitrum aligns perfectly with our vision.
As covered by U.Today previously, in recent months, Orbs Network launched its main token on various EVM- and non-EVM blockchains.
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