Orbs, a blockchain infrastructure network, has introduced its native token, ORBS, to the Ethereum rollup solution Arbitrum. This integration aims to provide users with an improved user experience by offering reduced gas fees and faster transaction times. The move is facilitated by Axelar, an interchain network, and reflects Orbs’ commitment to enhancing accessibility and scalability in the blockchain ecosystem.
Orbs Elevates User Experience Through Arbitrum Integration
Orbs, a leading public blockchain infrastructure network, has taken a significant step forward in enhancing the user experience by launching its native token, ORBS, on the Ethereum rollup solution Arbitrum. This strategic integration aims to address long-standing scalability challenges and provide users with lower gas fees and faster transaction times, further enriching their engagement with the ORBS token.
Axelar’s Interchain Network Facilitates Expansion
Orbs’ expansion onto Arbitrum is made possible through the support of Axelar, a Turing-complete interchain network. This collaboration signifies a seamless transition for users, enabling them to easily transfer their ORBS tokens from Ethereum to Arbitrum. Axelar’s Satellite Bridge serves as a bridge between the two networks, facilitating over 700,000 cross-chain swaps, totaling more than $1.8 billion in value, thanks to the robust Axelar network.
A Milestone for Orbs’ Ecosystem
Ran Hammer, Vice President of Business Development at Orbs, emphasized the significance of this strategic move. He stated, “This strategic move represents a significant milestone for Orbs. By expanding our ecosystem to Arbitrum, we are taking a momentous step towards enhancing the user experience and addressing long-standing scalability challenges.” This integration aligns with Orbs’ vision of providing seamless and efficient interactions for users, removing the barrier of high gas costs associated with Ethereum transactions.
Arbitrum’s Thriving Ecosystem and User-Centric Approach
Arbitrum, known for its Ethereum rollup solution, has cultivated a thriving ecosystem for decentralized applications (dApps) with a Total Value Locked (TVL) exceeding $2 billion. The network’s focus on reducing gas fees and enhancing transaction speed has contributed to its popularity among users and developers alike. In fact, Arbitrum’s ecosystem has grown to the extent that it even surpassed Ethereum in daily transactions on certain occasions during Q2.
Orbs’ Alignment with Advancements in the Ecosystem
Orbs’ decision to integrate its native token with the Arbitrum network through Axelar showcases the network’s commitment to staying in sync with the latest advancements in the blockchain ecosystem. This integration aligns with recent developments within the Arbitrum ecosystem, such as the integration of Y2K’s DeFi Notifications and the introduction of dTWAP and dLIMIT on Chronos DEX, further enhancing the network’s capabilities.
Orbs’ journey into the Arbitrum network not only emphasizes its dedication to innovation but also highlights its focus on user-centric solutions that drive accessibility, efficiency, and scalability within the blockchain space.