The Layer 3 blockchain entity, Orbs, has initiated its liquidity nexus on the Blast network’s decentralized exchange (DEX) platform, Fenix Finance. This strategic move was publicized by the Orbs collective last Thursday, highlighting that the inauguration of the Orbs Liquidity Nexus is set to enhance both liquidity and capital efficiency for participants of the Blast ecosystem.
**Orbs Liquidity Nexus Goes Live on Fenix Finance**
The integration of Orbs Liquidity Nexus with Fenix signifies its fifth implementation on DEXs that are built on EVM-compatible blockchain infrastructures. Notably, this marks Orbs’ maiden venture into a DEX based on the Blast framework.
In its functional capacity, the Orbs Liquidity Nexus will act as an overlay to the Fenix Finance DEX, utilizing a variety of liquidity pools to secure the most favorable pricing for users of the DEX. A primary advantage of this system is the minimization of slippage, thereby maximizing the value traders derive from their transactions.
Furthermore, Orbs contributes to the reduction of transaction costs for users by addressing the prevalent issue of dispersed liquidity within the decentralized finance (DeFi) landscape. These enhancements allow users to safeguard against Maximal Extractable Value (MEV) and engage in transactions devoid of gas fees.
“Incorporating liquidity from diverse sources, both on-chain and off-chain, the Liquidity Nexus offers a superior trading experience without the introduction of custodial risks,” stated the Orbs team in their announcement.
The rollout of the Orbs Liquidity Nexus on Fenix follows closely on the heels of Orbs spearheading a seed investment round for Fenix Finance, amounting to **$300,000**. Both Orbs and Fenix are of the conviction that the fusion of the Liquidity Nexus with Fenix, coupled with the financial infusion, will significantly advance the aspirations of Fenix’s DEX protocol on the Blast network.
Fenix Finance unveiled its Open Beta iteration two months prior, and within this period, it has attracted upwards of 5,000 users and facilitated transactions surpassing **$150 million** in total volume.