Kal Ali | April 13 2021
Kal Ali | April 13 2021
Orion Protocol, the liquidity aggregator building a decentralized gateway to the crypto market, announces Orion’s code has been successfully migrated to the Polkadot ecosystem via Moonbeam, and is underway with building out the UI/UX for integration into Orion Terminal. As a chain-agnostic protocol, this follows recent announcements of integrations with Cardano, Fantom, BSC, Huobi ECO Chain, Avalanche, Elrond, and Ethereum.
Fragmentation is a critical issue in the digital asset space. This goes beyond the fragmentation of liquidity across exchanges through to the lack of interoperability between blockchains themselves. Although cross-chain systems are gaining traction, The industry is still too siloed to evolve to a state of full-interoperability without a solution that sits across the entire market.
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. In doing so, Orion seeks to solve the fragmentation of crypto markets, as well as assets from traditional finance and NFTs.
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network. Moonbeam's deep Ethereum compatibility, including a full EVM, Web3 RPC, and compatible accounts, significantly simplified the process to port Orion's Ethereum-based code to Polkadot. Using the Moonbeam technology also means that all of the same tools and services, such as Remix, HardHat, Truffle, and MetaMask, can be used in deployment.
"Via Moonbeam, we're incredibly proud to add Polkadot to our roster of chains integrated into the protocol. Orion’s code has been successfully migrated to the Polkadot ecosystem, and we are currently working on building out the UI/UX for users to be able to access the Polkadot blockchain on Orion Terminal. We look forward to becoming the first live liquidity aggregator built on the Polkadot ecosystem." says Alexey Koloskov, CEO and Co-Founder of Orion Protocol
"As we move into an increasingly multi-chain environment, liquidity is increasingly split across multiple chains. Protocols like Orion fill an important space aggregating liquidity, which also makes it easier for end users and developers to meet liquidity needs." says Nate Hamilton, Director of Business Development at Moonbeam.
Orion’s Protocol integration with Polkadot via Moonbeam gives them immediate access to the many integrations already integrated, including projects in the DeFi and NFT space, while opening the doors for Orion to access other assets on Polkadot’s fast-paced, growing ecosystem. Polkadot and Moonbeam developers will be able to use Orion’s decentralized gateway to access major CEX, DEX, and swap pools in one place.
The Orion team is now underway with building out the UI/UX for the Moonbeam and a broader Polkadot integration into Orion Terminal. This integration is expected to be completed by Q2 2021, bringing enhanced interoperability and scalability to Orion Terminal, alongside low transaction costs, low transaction delay, high transaction concurrency, and cross-chain asset transfers.
Each chain brings its own benefits to Orion Terminal, but together they enable Orion to build a protocol that delivers the security, interoperability, and scalability that the DeFi space critically needs. Together, they will enable Orion to build the only decentralized portal to the entire digital asset market.