As a seasoned analyst with over two decades of experience in the crypto market, I have witnessed numerous projects come and go, but few have shown the potential and resilience that Orbs Network (ORBS) has demonstrated. With its strategic partnership with Animoca Brands Japan as a guardian node operator, Orbs is undoubtedly enhancing its network’s security and stability amidst the surging wave of DeFi adoption.
The Orbs blockchain, which is rapidly expanding at its layer-three level and operates without permission, has welcomed Animoca Brands Japan as a guardian node operator. This strategic decision made by the Orbs team to collaborate with Animoca Brands Japan will strengthen the network’s overall security.
Additionally, it’s important to note that Animoca Brands has made its mark as a pioneer in the Web3 sector, particularly with a focus on blockchain gaming and NFTs. In this capacity, Animoca Brands Japan serves as a validator for the Orbs network, ensuring the trustworthiness and robustness of the Orbs ecosystem as decentralized finance (DeFi) protocols become more mainstream.
In a recent announcement, Animoca Brands Japan selected Orbs as their inaugural validator partner, introducing a partnership program aimed at facilitating the worldwide growth of Japanese Web3 initiatives and helping them enter the Japanese market by offering comprehensive support for widespread acceptance. According to Orbs, this move is intended to promote mass adoption.
Orbs Network Revolutionizes DeFi Space
As a researcher delving into the intricacies of decentralized finance (DeFi), I’m excited about the extensive integration of Orbs Network into our trading landscape. This integration facilitates smooth transactions across various blockchain networks, enhancing the DeFi experience for users like myself.
Several Decentralized Finance (DeFi) protocols currently utilizing Orbs’ layer three networks include PancakeSwap, QuickSwap, BaseSwap, DODO, Arbidex, SpookySwap, OpenOcean, ParaSwap, and many more.
The Orbs network offers a unified platform for Decentralized Finance (DeFi) strategies, featuring a smooth liquidity exchange center. This empowers users to swap assets at competitive rates. Additionally, the Orbs Layer Three network supports other products such as the Perpetual Hub, dLIMIT protocol, and dTWAP protocol.
As a result, DeFi protocols integrated with the Orbs network can function similarly to centralized exchanges, but in a decentralized way. Additionally, the Orbs network functions as an extra layer for execution, leveraging Proof-of-Stake consensus to handle intricate logic and scripts that go beyond the basic capabilities of smart contracts.
Market Picture
The Orbs network, which predates the 2021 cryptocurrency bull market, has garnered significant backing from the web3 community. The ORBS token, currently valued at approximately $0.02, exhibits a relatively low daily volatility of -2.4%. With a market capitalization of $100.82 million and a 24-hour trading volume of around $4.85 million, ORBS can be considered a smaller cap altcoin.
Even though the altcoin demonstrated strong performance during the 2021 bull run, it is currently trading close to its bear market lows. As per the most recent market information, ORBS‘ price on Wednesday hovered near $0.0228, representing a drop of over 93% from its all-time high (ATH) of approximately $0.36, achieved three years ago.
As institutional investors increasingly embrace DeFi protocols, ORBS‘ price stands primed for continued growth surpassing its record high in the upcoming months. Notably, an anticipated ‘altseason’ may kick off once Bitcoin‘s dominance in the weekly chart shows a shift away from its current uptrend.
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2024-09-11 14:46