Orbs’ dLIMIT And dTWAP Protocol Integrate With Chronos DEX Platform

Orbs, the Layer-3 infrastructure network for decentralized applications, announced on Monday, July 17th that it has integrated its revolutionary dLIMIT and dTWAP protocol on Chronos, one of the largest decentralized exchange platforms on Arbitrum. 

In a press release shared with Cryptowisser, Orbs said the integration implies that  Chronos DEX traders can now access advanced order types, guaranteeing the price of their trades and breaking up larger orders into smaller, bite-sized transactions.

Chronos has become the latest DEX to integrate Orbs’ dLMIT and dTWAP protocols, other DEXs that have integrated these protocols include QuickSwap, SpookySwap and Thena. 

Orbs’ dLIMIT is a fully decentralized, permissionless and composable DeFi protocol developed and powered by the Orbs network. dLIMIT enables decentralized exchanges to offer Limit orders where traders can buy or sell tokens at a specific price or better. 

Meanwhile, dTWAP enables decentralized, time-weighted orders. TWAP orders are an algorithmic trading strategy that aims to lessen the impact of larger orders on the market by breaking them down into smaller segments that are executed over a specified time period. 

dTWAP enables the execution of smaller orders, reducing the price impact and enabling traders to gradually acquire assets over a longer duration at the most optimal price. 

Thanks to this latest development, Chronos DEX traders can use dLIMIT, and dTWAPChronos is one of the DeFi industry’s most widely used DEX platforms on Arbitrum, supporting a transaction volume of 10 million over the last week. 

Orbs’ dLIMIT and dTWAP protocols are fast becoming the industry standard for decentralized, algorithmic orders in DeFi. According to the team, the dLIMIT and dTWAP protocols have now been implemented by six DEXs spanning four blockchains, and have facilitated millions of dollars’ worth of transactions. 

The Orbs Network is an open, decentralized, public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus.