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- Over 300 trading pairs and up to 60x leverage now live on Sonic and BNB Chain
- Orbs’ Perpetual Hub Ultra goes live with SpookySwap and THENA, bringing institutional-grade perpetual trading to DEXs
Two major decentralized exchanges, SpookySwap and THENA, have rolled out onchain perpetual trading using Orbs’ Perpetual Hub Ultra. Perpetual Hub Ultra is the latest upgrade from Orbs, a Layer-3 protocol designed to expand the capabilities of DEXs.
THENA is natively built on the BNB Chain as its primary blockchain while SpookySwap is integrated with the Sonic network.
SpookySwap and THENA integration of Perpetual Trading with Orbs brings leveraged trading of up to 60x across more than 300 pairs, offering a new feature set for users on Sonic and BNB Chain.
The protocol allows any EVM-compatible exchange to offer perpetual trading alongside their spot markets. It also removes the need for DEXs to supply their own liquidity by tapping into external sources.
SpookySwap and THENA were early adopters of Orbs tech. Both previously integrated Orbs’ dLIMIT and dTWAP solutions to improve trade execution. This new launch builds on that partnership, taking their platforms into the derivatives space.
Also Read: Orbs’ Perpetual Hub Integrates with PriveX for Private Onchain Trading
Sonic users on SpookySwap can now trade perpetuals directly, with trades powered by Orbs’ intent-based infrastructure. Behind the scenes, three core components manage execution:
- The Hedger, which fills orders using liquidity from sources like Binance
- The Liquidator, which ensures margin and risk levels are maintained
- The Price Oracle, which tracks accurate PnL data
On BNB Chain, THENA can now support the full list of trading pairs made available through Orbs, including niche assets like $PUMP that aren’t typically accessible on the chain.
Orbs said the launch will allow DEXs to grow trading volume and attract new users without having to build liquidity from scratch. The company also sees this as a key step in expanding onchain derivatives across the broader EVM ecosystem.
To date, Orbs’ Perpetual Hub has already facilitated over $2.2 billion in trading volume. The Ultra version is expected to build on that momentum as more DEXs come on board.
More About Orbs
Orbs is a decentralized Layer-3 blockchain infrastructure designed to enhance onchain trading through advanced execution capabilities. Operating on a Proof-of-Stake consensus, Orbs acts as an additional layer atop EVM-compatible networks, enabling complex logic and functionality beyond standard smart contracts.
Its suite of DeFi protocols, including dLIMIT, dTWAP, Liquidity Hub, and Perpetual Hub, empowers decentralized exchanges. The tools typically can be found in centralized finance, such as automated order types and deep liquidity solutions. Orbs continues to push the boundaries of DeFi by enabling high-performance, fully decentralized trading systems.
