The crypto ecosystem is made of several different spheres. These spheres require a reliable bridge to communicate and interact, hence the need for an aggregator platform.
In line with this, Orion Protocol (ORN) is the world’s first-ever decentralized liquidity aggregator platform. Therefore, in this article, you will discover how the Orion Protocol works.
What is Orion Protocol (ORN)?
The platform aggregates centralized exchanges (CEX), decentralized exchanges (DEX), and even swap pools. Furthermore, bring their services into a single decentralized platform.
Interestingly, Orion Protocol (ORN), unlike most aggregator platforms, goes beyond connecting the DeFi ecosystem. The aggregator platform serves as a bridge between CEX and DEX platforms. Andrew Kirk throws more light on some of Orion Protocol’s most important features in a Twitter thread.
Notably, Andrew Kirk is the Chief Marketing Officer (CMO) of Orion Protocol. Revealing important details on why Orion Protocol is the most advanced liquidity aggregator available today.
There is no ceiling to this potential, either with integrations or potential #staking returns.
Welcome to #OrionProtocol. 😊
We innovate, we aggregate.#WeInnovateWeAggregate
— Andrew Kirk (@AndrewK2049) June 9, 2022
Beyond DEXes on Orion Protocol (ORN)
One mistake to make is to compare Orion Protocol to other available aggregator platforms. Most aggregator platforms can only combine liquidity for decentralized exchanges (DEXes). This, however, is far from effective because the most liquidity usually comes from centralized exchanges (CEXes). Therefore, the Orion Protocol goes beyond acquiring liquidity from DEXs. Furthermore aggregating liquidity from top CEX and DEX platforms.
Also, users can enjoy trading on CEX and DEX and have all their transactions in a single order book. While there are a few other aggregator platforms also offering this service, they suffer from huge delays and unnecessary limitations. Also, providing users with the opportunity to use their wallets in a decentralized manner.
Orion aggregates exchanges like KuCoin, OKX formerly OKEx, Binance, and AscendEX, and networks like Binance Smart Chain, Ethereum, Polygon, and Fantom.
Other Important Features
Apart from going beyond DEXs and decentralized Finance (DeFi), this protocol also boasts of several Business 2 Business (B2B) solutions. Many of these solutions are still in the design phase and will be launched in the near future. Most of these services, according to Andrew, will only require $ORN token as fees. The top-notch aggregator platform also has plans to launch over 18 different income-generating sources for its users and stakers.
In conclusion, this protocol does much more than the average DEX liquidity aggregator platform. The protocol is also popular for its innovative stand and for aggregating the entire crypto ecosystem.
ORN Price Outlook
At the time of writing, ORN is trading at $1.27 with a market cap of $42.9 million and a 24-hour trading volume of $5,7 million. The token price is also down by 11.8% in the last 24 hours.
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