On May 30th, Layer3 blockchain Orbs launched Perpetual Hub, an on-chain perpetual futures trading solution based on intention. Perpetual Hub was developed in collaboration with SYMMIO and IntentX, leveraging Orbs' L3 technology to provide traders with on-chain tools required to execute perpetual futures trades at CeFi level. Perpetual Hub supports on-chain perpetual futures trading, including services such as Hedger, Liquidator, and Price Oracle.

Odaily Planet Daily News Mode, an L2 network based on the OP Stack, recently announced the distribution of the first month of DevDrop (March 2024), these NFT incentives will be distributed to longest teams in the next 7 days, and the allocated projects include Renzo, StakeStone, IONIC Protocol, etc. Projects will receive a certain number of NFTs based on their DevDrop scores, including Mode Photons and Mode Orbs, of which the number of Photons is 10 times that of Orbs.

PANews News on April 24, L2 Network Mode based on the OP Stack recently announced the distribution of the first month of DevDrop (March 2024), these NFT rewards will be distributed to longest teams in the next 7 days, and the allocated projects include Renzo, StakeStone, IONIC Protocol, etc. Projects will receive a certain number of NFTs based on their DevDrop scores, including Mode Photons and Mode Orbs, of which the number of Photons is 10 times that of Orbs. The on-chain criteria for determining DevDrop are as follows: TVL, Money Laundering, Volume, and Users, as well as multipliers based on whether it is a native project and feature, mitigation of liquidity imbalances through incentives, deployment time, etc. Mode says that projects that don't distribute DevDrops to users will have their DevDrops canceled and will be removed from any future distributions, and projects that don't distribute DevDrops in a timely manner will also be removed from the program. Since announcing the Airdrop 6 weeks ago, Mode has been working with research teams, ecosystem projects, and investors to develop a plan to achieve Mode's rise goals, while rewarding developers and users for driving on-chain impact. Mode has set aside 5% of the total Token supply for this program. There will be developer-centric plans in the future and additional supply will be allocated. DevDrop will distribute 0.217% of the total Token supply in the first month and 0.284% of the total Token supply in the second month.

According to official news, Layer 3 blockchain Orbs announced its liquidity hub Liquidity Hub as its main spot engine, integrating IntentX, an intent-based decentralized perpetual platform, IntentX users will now have access to spot orders and aggregate on-chain and off-chain pricing data.

Layer 3 blockchain Orbs has announced that its liquidity hub, Liquidity Hub, has expanded to Polygon zkEVM after integrating with Quickswap, a move that will provide Quickswap traders with liquidity from Polygon zkEVM. （Chainwire）

PANews reported on February 13 that IntentX recently announced the completion of a round of strategic financing, raising a total of $1.8 million. The round was led by Selini Capital, with participation from Orbs, Mantle Ecofund, Mirana, Kronos Research and Manifold Trading. The funding aims to strengthen IntentX's partnerships with market makers and the Decentralized Finance ecosystem. IntentX is a DEX exchange that relies on its network of solutions to provide Crypto Assets perpetual trading capabilities. The funding will support IntentX's further integration with market makers, with more details of the solution planned to be revealed in the future.

According to official news, crypto infrastructure developer Orbs announced the upcoming V4 version, which will support larger production traffic without significantly increasing the operating costs of Guardian Nodes, and as the new software version of the Node is released, the Guardian Node will also be upgraded, while also improving the Tetra staking Wallet.

According to official news, THENA, the BNB Chain ecological liquidity market, received a strategic investment of $600,000 from Orbs Network.

Orbs Network, an Israeli blockchain IaaS platform, has invested $600,000 in Thena, a DeFi protocol on BNB Chain, to expand its core offerings and improve TVL, Golden Finance reported.

According to official news, the decentralized derivatives trading platform Kine Protocol officially launched BSV/USDT, ORBS/USDT, CFX/USDT, MINA/USDT, BLUR/USDT trading pairs on October 27, 2023, and supports 1-50 times leverage, Kine Protocol provides users with a more efficient and safer trading environment.

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