Orbs continues to push the boundaries of multi-chain interoperability as part of its Orbs 3.0 roadmap. The next step in the ecosystem expansion involves the Fantom blockchain, a growing force in the decentralized finance industry.
As the DeFi industry grows and evolves, the Orbs team looks for new and exciting opportunities. One such opportunity comes through integrating with Fantom, an up-and-coming blockchain in decentralized finance. Fantom offers high speed and throughput combined with smart contract functionality, overcoming limitations holding back blockchains that came before it.
The year 2021 has been exciting for Fantom, as the EVM-compatible environment now has over 100 DApps deployed on the network and the FTM token notes strong momentum in the market cap department.
Moreover, it is the fifth-largest blockchain by DeFi TVL, sitting at over $7.5 billion. Additionally, Fantom has become an ecosystem for existing DeFi protocols to branch out to, including projects like Multichain, Curve, Beefy Binance, and others. The combination of new projects and gaining support from established protocols confirm Fantom's momentum continues to grow.
Similar growth is present for Orbs, as the excitement surrounding the PoS V3 upgrade continues to build. The major protocol upgrade features multi-chain staking on Ethereum and Polygon, which is a game-changer. Additionally, more Layer-3 applications powered by Orbs have come to market, including the recently launched Open DeFi Notification Protocol and vault aggregator Revault Network.
The expansion of Orbs into the Fantom ecosystem strengthens the ORBS token status as a multi-chain asset integrated into all significant blockchains. Moreover, it paves the way for broader collaborative opportunities with top Fantom-native decentralized finance protocols aiming to leverage Orbs' L3 capabilities.
About Orbs
Orbs is a public blockchain infrastructure designed for mass usage applications. The Orbs protocol is decentralized and...
Original Source of the original story >> Orbs Expands to Fantom to Enhance L3 DeFi Capabilities