Latest news with #Orbs
Business Insider
2 days ago
- Business
- Business Insider
SpookySwap and THENA Each Launch Perpetual Trading via Orbs' Perpetual Hub Ultra
SpookySwap and THENA lead as the first DEXs to integrate Orbs' Perpetual Hub Ultra, bringing onchain perpetual trading to their platforms. The Sonic and BNB Chain DEXs, respectively, have integrated Orbs' protocol to introduce perpetual trading with up to 60x leverage and support for over 300 pairs. Orbs' flagship protocol, Perpetual Hub, facilitated over $2.2 billion in trading volume, with the newly launched Ultra version paving the way for further growth. Orbs' latest flagship protocol, Perpetual Hub Ultra, enables DEXs on any EVM chain to complement their spot markets with the addition of perpetual trading. Ultra's plug-and-play design brings deep liquidity to DEXs, enabling users to access leverage within a familiar trading environment. Both SpookySwap and THENA, have a track record of integrating Orbs protocols, previously integrating dLIMIT and dTWAP to expand their spot trading offerings. Now, with the rollout of Perpetual Hub Ultra, they are further evolving their platforms by introducing on-chain perpetual trading across more than 300 trading pairs, powered by Orbs' Layer-3 technology. Sonic users can now trade intent-based perpetual on SpookySwap, with Orbs' composable tech stack seamlessly orchestrating the entire process. Orders are filled by the Hedger, which draws liquidity from external sources, including centralized exchanges such as Binance. Positions are managed by the Liquidator, tasked with checking collateral and margin thresholds. Perpetual Hub Ultra is completed by the Price Oracle, which provides accurate unrealized profit and loss (PnL) data for efficient position management. BNB Chain users can also access perpetual trading on THENA, whose integration of Perpetual Hub Ultra is now live. All 300+ pairs that Orbs facilitates are available, enabling traders to enter leveraged positions for popular tokens, such as $PUMP, that aren't natively supported on BNB. smart contract infrastructure is combined with Orbs' infrastructure to provide a decentralized and highly liquid trading experience. Orbs CBO Ran Hammer said: '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 onchain primitive to the Sonic and BNB Chain ecosystems that allow DEX users to access perpetual markets with deep liquidity and support for hundreds of assets. As Perpetual Hub Ultra is rolled out across more EVM chains, it will provide access to perpetual trading that is decentralized, secure, and fully customizable to suit the needs of leading DEXs.' Perpetual Hub Ultra has the potential to boost trading volume for DEXs that integrate the protocol, helping exchanges attract new users and grow revenue without the need to bootstrap on-platform liquidity, thanks to its intent-based architecture. Orbs is a decentralized Layer-3 (L3) blockchain designed specifically for advanced onchain trading. Utilizing a Proof-of-Stake consensus, Orbs acts as a supplementary execution layer, facilitating complex logic and scripts beyond the native functionalities of smart contracts. Orbs powered protocols such as dLIMIT, dTWAP, Liquidity Hub, and Perpetual Hub push the boundaries of DeFi and smart contract technology, introducing CeFi-level execution to onchain trading.
Business Insider
17-07-2025
- Business
- Business Insider
Orbs Unveils Perpetual Hub Ultra to Bring Native Perps Trading to Omnichain DEXs
Orbs, the leading Layer-3 infrastructure provider, has unveiled Perpetual Hub Ultra as a whitelabel solution for decentralized exchanges. Perpetual Hub Ultra can be deployed by any DEX, complete with a fully customized user interface, bringing perps trading to new markets. The release of Perpetual Hub Ultra taps into the growing demand for perps trading among onchain users, enabling decentralized exchanges to futures markets with minimal overhead. Through tapping into Orbs' best-in-class infrastructure and deep liquidity, DEXs can rapidly and securely roll out perps trading. Perpetual Hub Ultra builds upon the success of Orbs' Perpetual Hub, which has been widely integrated across the omnichain ecosystem. It includes support for over 300 trading pairs with up to 60x leverage, automated liquidations, and deep liquidity routing for superior capital efficiency. Perpetual Hub Ultra combines smart contract infrastructure with Orbs' omnichain infra, enabling DEXs to seamlessly launch a whitelabel perps platform. A CeFi-grade interface that's fully customizable is coupled with a full suite of Orbs perps primitives in the form of its Hedger, Liquidator, and Price Oracle. This provides decentralized exchanges with everything they need to deploy their own branded perps platform. Perpetual Hub Ultra's modular design provides full B2B2C scalability. It can be immediately integrated, enabling any DEX to add perps trading with minimal development effort. Projects attempting to launch their own perps trading platforms face multiple hurdles, including attracting sufficient liquidity and maintaining competitive margin requirements. This has resulted in a handful of major players dominating the onchain perps market. Orbs' whitelabel solution has the potential to address this imbalance, allowing DEXs and L2s to establish secure, highly liquid perps markets that provide healthy competition. Perpetual Hub Ultra empowers DEXs to diversify beyond spot trading to offer more sophisticated products. It has the potential to significantly boost trading volume, attract new users, and grow revenue without requiring the development of a specialized base layer. Major DEX integrations of Perpetual Hub Ultra are already underway on multiple chains, as spot exchanges take advantage of this capability while setting the standard for onchain perps. About Orbs Orbs is a decentralized Layer-3 (L3) blockchain designed specifically for advanced onchain trading. Utilizing a Proof-of-Stake consensus, Orbs acts as a supplementary execution layer, facilitating complex logic and scripts beyond the native functionalities of smart contracts. Orbs powered protocols such as dLIMIT, dTWAP, Liquidity Hub, and Perpetual Hub push the boundaries of DeFi and smart contract technology, introducing CeFi-level execution to onchain trading. Contact
Malaysian Reserve
15-07-2025
- Business
- Malaysian Reserve
Discord Launches Orbs Globally: New Virtual Rewards Transform Brand Interactions into More Player Benefits
Players worldwide can now earn Orbs to redeem for exclusive perks like Nitro credits, avatar decorations, profile effects and badges, and more SAN FRANCISCO, July 14, 2025 /PRNewswire/ — Discord announces the global launch of Orbs, a new virtual reward players can earn by completing Quests – the platform's opt-in reward-based advertising experience. This milestone launch marks the next evolution of Discord's advertising offering, which invites players to engage with brands through actions that fit authentically within their gaming experience. Orbs opens opportunities for more premium experiences on Discord for all users by offering access to the Shop and Discord Nitro without a monetary commitment. Users can redeem Orbs in the Shop for new, Orbs-exclusive items like Nitro credits – a limited time access version of Discord's premium subscription that offers enhanced streaming and customization features – as well as a unique profile badge, and a matching profile effect and avatar decoration. Beyond these exclusives, Orbs also provides an alternative path to obtain many popular Shop collections without spending money. Developed based on feedback from Discord's most dedicated users, Orbs is a feature that reflects Discord's user-first approach to building products and advertising solutions. A recent survey of Discord users revealed that 82% of respondents said they would want to earn a virtual currency on Discord with 46% saying that a virtual currency would improve their experience on the platform [Source: Discord user survey, September 2024]. During its recent beta, millions of Orbs were earned and redeemed over the seven-week pilot, driving a 16x increase in first-time Shop purchasers with 79% first-time Shop buyers. For advertisers, Orbs make campaign launches even easier – advertisers no longer need to create their own reward or wonder if their reward will resonate with their target audience. 'By rewarding players with something they value, Discord is giving brands the ability to create an advertising experience that feels like gameplay,' said Peter Sellis, Senior Vice President of Product at Discord. 'Our focus is solely on creating the most authentic, player-centric advertising platform in the galaxy. With the launch of Orbs, we're helping brands drive discovery and engagement in a way that feels natural to how people already use Discord.' Since launching its advertising program one year ago, Discord is scaling its advertising business with a deliberate, user-first approach to offer more authentic experiences for players with its reward-based ad solution, Quests, while also unlocking opportunities for advertisers to tap into the massive and uniquely engaged audience on the platform. Quests make brands feel like they're 'part of the mission' rather than an interruption. In fact, more than 50% of users who have seen or interacted with a Quest in the past month say that Quests improve their experience on Discord with players even proactively seeking out new Quests to complete. [Source: 2025 Discord internal survey of ~1,000 Quests users]. Orbs are now available to Discord's more than 200 million monthly active users. Discord will continue to look for ways to expand how users can redeem Orbs and offer Nitro subscribers more compelling rewards and deals across the ecosystem. About DiscordDiscord is the communications platform that enables you to build meaningful connections around the joy of playing games through voice, video and text features. As the only communications platform purposely built for people who play multiplayer games, Discord has a highly engaged community of +200 million monthly active users who spend a combined 1.5 billion hours playing games each month across thousands of game titles on PC alone. Headquartered in San Francisco, Discord is free to download at with an optional subscription offering called Nitro that offers enhanced streaming and customization features. For more information, please contact: press@
Yahoo
14-07-2025
- Business
- Yahoo
Discord Launches Orbs Globally: New Virtual Rewards Transform Brand Interactions into More Player Benefits
Players worldwide can now earn Orbs to redeem for exclusive perks like Nitro credits, avatar decorations, profile effects and badges, and more SAN FRANCISCO, July 14, 2025 /PRNewswire/ -- Discord announces the global launch of Orbs, a new virtual reward players can earn by completing Quests – the platform's opt-in reward-based advertising experience. This milestone launch marks the next evolution of Discord's advertising offering, which invites players to engage with brands through actions that fit authentically within their gaming experience. Orbs opens opportunities for more premium experiences on Discord for all users by offering access to the Shop and Discord Nitro without a monetary commitment. Users can redeem Orbs in the Shop for new, Orbs-exclusive items like Nitro credits – a limited time access version of Discord's premium subscription that offers enhanced streaming and customization features – as well as a unique profile badge, and a matching profile effect and avatar decoration. Beyond these exclusives, Orbs also provides an alternative path to obtain many popular Shop collections without spending money. Developed based on feedback from Discord's most dedicated users, Orbs is a feature that reflects Discord's user-first approach to building products and advertising solutions. A recent survey of Discord users revealed that 82% of respondents said they would want to earn a virtual currency on Discord with 46% saying that a virtual currency would improve their experience on the platform [Source: Discord user survey, September 2024]. During its recent beta, millions of Orbs were earned and redeemed over the seven-week pilot, driving a 16x increase in first-time Shop purchasers with 79% first-time Shop buyers. For advertisers, Orbs make campaign launches even easier – advertisers no longer need to create their own reward or wonder if their reward will resonate with their target audience. "By rewarding players with something they value, Discord is giving brands the ability to create an advertising experience that feels like gameplay," said Peter Sellis, Senior Vice President of Product at Discord. "Our focus is solely on creating the most authentic, player-centric advertising platform in the galaxy. With the launch of Orbs, we're helping brands drive discovery and engagement in a way that feels natural to how people already use Discord." Since launching its advertising program one year ago, Discord is scaling its advertising business with a deliberate, user-first approach to offer more authentic experiences for players with its reward-based ad solution, Quests, while also unlocking opportunities for advertisers to tap into the massive and uniquely engaged audience on the platform. Quests make brands feel like they're "part of the mission" rather than an interruption. In fact, more than 50% of users who have seen or interacted with a Quest in the past month say that Quests improve their experience on Discord with players even proactively seeking out new Quests to complete. [Source: 2025 Discord internal survey of ~1,000 Quests users]. Orbs are now available to Discord's more than 200 million monthly active users. Discord will continue to look for ways to expand how users can redeem Orbs and offer Nitro subscribers more compelling rewards and deals across the ecosystem. About DiscordDiscord is the communications platform that enables you to build meaningful connections around the joy of playing games through voice, video and text features. As the only communications platform purposely built for people who play multiplayer games, Discord has a highly engaged community of +200 million monthly active users who spend a combined 1.5 billion hours playing games each month across thousands of game titles on PC alone. Headquartered in San Francisco, Discord is free to download at with an optional subscription offering called Nitro that offers enhanced streaming and customization features. For more information, please contact: press@ View original content to download multimedia: SOURCE Discord Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Discord's virtual reward, ‘Orbs,' launches out of beta
After announcing in late May that the platform would be experimenting with a new virtual reward system, Discord is now launching it to the public. The aim of the rewards, called Orbs, is to get people to click on more interactive ads. Users earn Orbs after completing Quests, which involve interacting with ads for products or games to get virtual items. Users can redeem Orbs for digital items in Discord's Shop, like a three-day Nitro credit, an Orb-themed profile badge, profile effects, avatar decorations, and more. According to Discord, Orbs have been popular among testers, with millions earned and spent during the seven-week beta period. Other company data shows that there was a 16-fold increase in first-time purchases in the Shop, with 79% of participants having never bought anything before. Discord is said to be considering an IPO and is looking to show potential partners that it can maintain a scalable ad model. Discord is marketing Orbs to advertisers as a simpler way to launch Quest campaigns without needing to create their own rewards. The Orbs experiment is also likely meant to attract users who do not have a subscription to try Nitro, as they can use Orbs to purchase credits. However, it's unclear whether there was an increase in subscriptions. The company didn't respond to a request for comment, but it did mention that 70% of Orbs participants were nonmembers.
