Alexey Koloskov | June 8 2022
Alexey Koloskov | June 8 2022
Orion Protocol: Polygon in one place
Orion Protocol, the world’s most advanced liquidity aggregator which combines centralized exchanges, decentralized exchanges, and swap pools, integrates Polygon as the latest chain integration on Orion Terminal.
Polygon is live on Orion Protocol, giving users a secure, low-cost scaling solution based on Ethereum. The integration comes soon after the addition of Fantom only a few weeks ago, joining Ethereum and BSC chains on Orion Terminal. Orion’s chain-agnostic approach makes Polygon the latest in a long line of chains to be added. Each chain continues to enhance Orion Terminal, making it the ultimate platform for trading aggregated crypto assets in one place with no restrictions.
The Polygon blockchain is now integrated into Orion Terminal, giving Terminal users and MATIC holders unprecedented access from their own wallets to the outstanding speed, security and reliability of Polygon across aggregated liquidity sources such as Binance, KuCoin, AscendEX, OKX and QuickSwap.
”Integrating Polygon is another step for Orion in providing scalable chains within our liquidity aggregator. We are delighted to be involved with the Polygon ecosystem and we welcome the team and the loyal community of Polygon users to Orion to trade aggregated liquidity for the best price.” - Orion Protocol CEO, Alexey Koloskov.
Polygon provides an easy way to scale Ethereum applications. Its scaling ability and power enable it to achieve unprecedented transaction speeds using side-chains for transaction processing. Polygon transforms Ethereum’s regular transaction speed of just 15 tx/s into an exponentially faster 7,000 tx/s. This gives users faster confirmation times on Orion Terminal. Users can rely on the shared security of Ethereum whilst benefiting from Polygon’s speed.
The integration of Polygon into Orion Terminal delivers a solid, high-speed blockchain performance, combining fast settlement and low-cost fees. Transaction fees for using Polygon remain a fraction of the cost of Ethereum, around ~10,000x lower, with the help of Polygon’s proof-of-stake architecture.
Native MATIC token
MATIC forms the nucleus of the Polygon chain and is used to govern and secure the network through staking. Any transactions or Polygon applications used require a small gas fee, which is paid in MATIC. The gas fee, paid to miners, allows the process and verification of the network to be confirmed.
The MATIC token is the currency of each of the hundreds of Polygon apps within the ecosystem and token holders enjoy special privileges such as governance voting and Improvement Proposals (PIPS).
Polygon in one place
As the Polygon ecosystem grows, so does the isolation of liquidity across various exchange entities, creating thin pockets of low liquidity which are unsustainable. Orion Protocol’s ability to aggregate many centralized and decentralized exchanges allows it to pull together each of those unsustainable sources into one platform. Through powerful aggregation of these CEX and DEX sources, users can access a single aggregated order book on Orion with a growing number of connected exchanges, continually increasing the value and the best price for a particular trade.
As with any trade on Orion, users only need to connect their wallet to access this deep liquidity of combined CEXs and DEXs in one place.
Users not only access Polygon, along with Ethereum, BSC and Fantom, on the same platform, they also have access to Orion Bridge, the most secure bridge in market. Orion Bridge is the first peer-to-peer atomic swap bridge that allows users to trade native assets across different blockchains without limits, delays, refused orders, blocked funds, or exploits.
The Polygon chain brings Polygon assets, with several assets carrying Polygon liquidity being added immediately to Orion Terminal, including:
Further assets and exchanges will continue being added to the Polygon ecosystem as the Terminal grows. Each addition brings further value to traders and visibility to Polygon as more users interact with the chain on Orion.
ORN on Polygon
ORN | MATIC contract address: 0xD2cDcB6BdEE6f78DE7988a6A60d13F6eF0b576D9
Polygon believes in Web3 for all. Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security.
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About Orion Protocol
Orion Protocol is the chain-agnostic protocol building the single point of access to the crypto market - powered by Orion's Universal Liquidity Aggregator. Orion Protocol is the first, and only, platform to provide decentralized access to CEXs, DEXs, and swap pools in one place, directly from users' wallets. As the first cross-chain, cross-exchange trading Terminal in market, Orion Terminal aggregates siloed liquidity into one place.
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