Two active decentralized exchanges, SpookySwap and THENA, have officially rolled out on-chain perpetual trading by integrating Orbs' newly launched Perpetual Hub Ultra. This update allows both platforms to offer leverage of up to 60x across more than 300 trading pairs.
Integration of Perpetual Trading
SpookySwap and THENA are the first DEXs to adopt Orbs' upgraded Layer-3 protocol. Both platforms previously implemented Orbs’ dLIMIT and dTWAP tools to support their spot trading systems and are now expanding their offerings to include leveraged derivatives.
Technical Features of the New Protocol
Sonic-based users of SpookySwap can now access perpetual markets, while THENA offers the same setup on BNB Chain. The new Perpetual Hub Ultra enables DEXs to quickly introduce perpetual markets without sacrificing performance or decentralization, leveraging external liquidity from sources like Binance.
Comments from Orbs Representatives
Ran Hammer, Chief Business Officer of Orbs, mentioned: "We’re delighted to see SpookySwap and THENA move quickly to integrate Perpetual Hub Ultra with full support from Orbs. These integrations bring a powerful on-chain primitive to the Sonic and BNB Chain ecosystems that allow DEX users access to perpetual markets with deep liquidity and support for hundreds of assets."
The launch of perpetual trading on SpookySwap and THENA represents a significant advancement in decentralized finance, providing users access to more complex financial instruments while maintaining decentralization.
