The Orion protocol integrates Polkadot into the Orion terminal
- Orion’s code has been successfully migrated into the Polkadot ecosystem.
- This migration was successful thanks to Moonbeam.
- The integration is expected to be completed by the second quarter of 2021.
Orion Protocol, the liquidity aggregator building a decentralized portal into the crypto market, announced that Orion’s code has been successfully migrated into the Polkadot ecosystem.
This follows the recent announcement of integrations with, Fantom, BSC, the ECO Chain of Huobi, Avalanche, and Elrond.
Notably, the successful migration of Orion’s code to the Polkadot ecosystem is through Moonbeam. This gives them immediate access to many integrations including projects in the DeFi and NFT spaces. Furthermore, developers Polkadot and Moonbeam will be able to use Orion’s decentralized portal to access CEX, DEX, and key swap groups in one place.
Right now, fragmentation is an important issue in the digital asset space. This goes beyond the fragmentation of liquidity between exchanges through the lack of interoperability between the blockchains themselves.
With that said, the Chain Agnostic Orion Protocol is working with the largest blockchains in the space to integrate them into the protocol. As mentioned, this includes Cardano, Fantom, BSC, Huobi’s ECO Chain, Avalanche, Ethereum and Elrond.
Orion seeks to address the fragmentation of the cryptocurrency market. To achieve this, they plan to aggregate liquidity on decentralized and centralized cryptocurrency exchanges and swap platforms in one decentralized platform.
This integration is expected to be completed by Q2 2021. It will enhance Orion Terminal’s interoperability and scalability. Furthermore, it is expected to have low transaction costs, low transaction latency, high concurrent transactions and cross-chain asset transfers.
Furthermore, each chain benefits Orion Terminal. Together, they allow Orion to build a protocol that delivers the security, interoperability, and scalability that the DeFi space so desperately needs.
This article was first published on coinquora.com
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