'Chain-Agnostic' Orion Protocol to integrate Avalanche Chain

Orion Protocol, the liquidity aggregator building a decentralized gateway to the entire crypto market, reveals Avalanche as the latest chain to be integrated into the protocol. Upon completion, Orion Terminal users will be able to more seamlessly access the rapidly growing liquidity on Avalanche chain. This partnership follows a recent integration with Binance Smart Chain, with more chains to be announced.

Orion Protocol will provide a non-custodial gateway to the entire digital asset market - aggregating liquidity across decentralized and centralized crypto exchanges and swap platforms in one, decentralized platform. Orion seeks to solve the fragmentation of crypto markets as well as assets from traditional finance.

Orion is chain-agnostic, and doesn’t rely on any one platform to bring users centralized and decentralized liquidity directly to their wallet. By integrating multiple blockchains in one platform, Orion Protocol gives users more freedom to transact across the crypto sphere.

Since the launch of the Avalanche-Ethereum Bridge (AEB) on February 8, 2021, smart contract activity on Avalanche has boomed, with transactions increasing by 972% to over 580,000, and unique wallets increasing by 1,681% to top 38,000. The implementation of Avalanche into the Orion Terminal is expected to be completed in Q2 2021, where users can access exchanges, assets, and liquidity on Avalanche directly through the Orion Terminal.

Orion’s integration of Avalanche will significantly increase performance, reliability, and security across its Terminal to provide the best possible user experience for traders. The integration will also enable Orion Protocol’s users to tap into the growing roster of decentralized applications and new financial primitives on the platform.

While many multi-chain aggregators require end-users to select the separate chains and trade on the tokens available on that chain, the multiple chains integrated into Orion Terminal will remain in the back-end for a seamless user experience more akin to that of a centralized exchange, but without the trade-off of surrendering custody of their assets.

“Integrating Avalanche into Orion Protocol marks a huge step forward for us as a chain-agnostic exchange aggregator. Market-leading performance is paramount to our success: Avalanche will bring significantly faster transactional throughput and finality, lower latency, and increased security to Orion Terminal - ensuring the best user experience for traders. The rapid speed of Avalanche’s adoption to date is testament to the immense value they bring to the DeFi industry, and we look forward to bringing this value to Orion Terminal users,” says Alexey Koloskov, CEO and Co-Founder of Orion Terminal.

Born out of the need for an intermediate solution that bridges the gap between the centralized and decentralized worlds of crypto, Orion Protocol is built on decentralized technologies in the most critical parts of the system like custody and final settlement, while pulling liquidity from the major players in market: centralized exchanges. While many multi-chain aggregators require end-users to select the separate chains and trade on the tokens available on that chain, the multiple chains integrated into Orion Terminal remain in the back-end for a seamless user experience more akin to that of a centralized exchange, but without the trade-off of surrendering custody of their assets.

About Avalanche

Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is able to process 4,500+ transactions/second and instantly confirm transactions. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box.

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