In this post:
- Orbs’ Perpetual Hub Ultra will be integrated into the new Ionex DEX on Plasma, enabling institutional-level perpetual trading.
- The Layer 3 solution provides a plug-and-play Perps infrastructure with fast execution, deep liquidity, and up to 60x leverage.
- Ionex uses Orbs to power the MetaPerp module to integrate spot and Perps markets into one seamless decentralized hub.
The Ionex exchange developed by Defizoo announced the integration of Perpetual Hub Ultra, a technology stack built by Orbs to enable perpetual futures trading across the Plasma blockchain. This collaboration enables Orb’s Layer 3 technology to operate as a turnkey solution for decentralized exchanges looking to deploy high-performance perpetuals with minimal complexity.
The new integration gives Ionex users access to a full-featured perpetual trading platform. The platform offers full deep liquidity, customizable leverage, fast execution, and leverages Orbs’ modular and fully managed Perps infrastructure.
Orbs’ Perpetual Hub Ultra brings CeFi speed to decentralized trading
Perpetual Hub Ultra is built in collaboration with Symm.io using Orb’s L3 architecture and supports features such as hedging, clearing, oracles, and a professional-grade front end. Ionex revealed that this integration supports a modular architecture that allows the addition of derivatives trading functionality to any DEX without extensive infrastructure development.
Source: Press release. Orbs Perpetual Hub in collaboration with Ionex
Ran Hammer, vice president of business development at Orbs, said Perpetual Hub Ultra provides DEX operators with “complete white label” functionality. He added that the Orbs team is enabling a new standard for decentralized markets that rivals centralized trading in terms of speed and efficiency. The latest integration aims to enable institutional-grade derivatives trading within a decentralized framework.
The modern integration setup enables liquidity distribution from both on-chain and off-chain sources (such as major centralized exchanges such as Binance), eliminating the need for specialized chains or bespoke integrations. This partnership is in line with the ongoing trend of intent-based trading models in DeFi, which was initially focused on spot markets. This integration provides a decentralized platform on top of the Plasma blockchain that can compete with centralized systems in terms of flexibility, performance, and UX.
Orbs noted that L3 implementations allow for more established execution logic than is possible with standard smart contracts, such as higher-performance transaction processing and off-chain order matching. Perpetual Hub Ultra acts as a middleware stack that sits between decentralized applications and major blockchains such as Ethereum and Plasma, the platforms that host Ionex operations. Orbs has revealed that its system aims to achieve CeFi-level speeds and execution from a distributed architecture.
Ionex brings 60x leverage for Perps trading to Plasma
Ionex is built on the Plasma blockchain and is positioned as a hybrid DEX, liquidity exchange, and liquidity marketplace, offering both spot and derivatives trading capabilities. The exchange’s architecture includes MetaDEX for spot trading and MetaPerp for perpetual contracts. MetaPerp runs on Orbs’ Perpetual Hub Ultra infrastructure, allowing users to trade perpetual futures with up to 60x leverage and execution times of less than 100 milliseconds.
Ionex DEX features a tri-token model consisting of $INX, veINX, and oINX that are utilized for rewards, governance, and other platform-specific features. The platform allows for token swaps, user-provided liquidity pools with emission rewards, and control over DAO-based token emission schedules. Ionex also supports zero-fee USDT transfers and solver-based routing with the aim of maximizing order execution depth.
The integration of Orbs’ Perps stack allows Ionex to incorporate the growing market for decentralized derivatives trading without having to build its own infrastructure. Orbs promotes this model as a way for small or new DEXs to enhance their services and compete with established platforms.
Perpetual futures are derivative contracts with no expiry date and are one of the largest categories of activity on centralized crypto platforms led by exchanges such as Binance, Bybit, and OKX. Although decentralized persistent platforms such as dYdX, GMX, and ApolloX have recently emerged, this sector remains small and offers more opportunities.
