Layer 3 blockchain Orbs has generated plenty of press of late, a result of its native token surging in value. While the positive $ORBS price action was largely credited to an expansion in its market accessibility, a series of notable developments within the Orbs ecosystem cannot be overlooked.
Another aspect which should be discounted is the general feel-good momentum building behind L3 tech more generally, with the architecture increasingly viewed as a game-changer for blockchain adoption worldwide.
Exchange Listings Boost ORBS
The recent listing of Orbs’ eponymous token on a dozen exchanges, including several tier-1s, has clearly played a pivotal role in its upward price movement.
The trading platforms – comprising Binance, LBank, Tapbit, Bittrue, OKX Futures, KuCoin Futures, BitMEX, HyperliquidX, Mexc, BingX, Bitget, and Bybit – not only enhanced the visibility of the token among investors, but also provided the latter with ample opportunities to engage with Orbs: while some offered perpetual swap trading with 20x leverage, others like Bitget sweetened the deal by offering trading incentives denominated in $ORBS.
With Orbs’ native asset suddenly available on a range of popular trading venues, its value rose accordingly, at one stage hitting $0.06 – its highest value since June 2022. While the action signalled a growing interest and confidence in Orbs, the endorsement of twelve exchanges tells only part of the story. A more robust indication of the underlying strength and potential of Orbs is provided by other recent developments which have collectively contributed to the bullish market sentiment.
The recent collaboration with Axelar Network is a good example. The outcome of the link-up has been the creation of an advanced bridge for $ORBS tokens, facilitating seamless cross-chain token swaps to major blockchains like Ethereum and BNB Chain. Additionally, the launch of dLIMIT, a decentralized limit order solution designed for DEXs and built atop Orbs’ L3 infrastructure, has reiterated the project’s commitment to solving real-world problems in Web3.
At the core of Orbs’ success is its pioneering Layer 3 architecture, which allows for greater dApp scalability, efficiency and customization. By providing a dedicated environment for dApps to operate independently, with their own rule sets and governance mechanisms, this L3 architecture represents a paradigm shift in how blockchain networks can be utilized and developed.
Optimistic mood music around Layer 3 is hard to ignore. In May, Tony Cheng of Web3 investment firm Foresight Ventures penned an op-ed entitled Why Layer 3 is Critical to Innovation and Blockchain’s Future. A recent HackerNoon column, meanwhile, opined that L3s could lead to the next crypto bull run. How? By making L1s and L2s more efficient and scalable, and by making dApp devs’ lives easier.
Market Gonna Market, Orbs Keeps Trucking
Sweating price swings in the crypto world is a fool’s errand, and whether speculators are winning or losing, the real long-term value of a platform lies in its ability to onboard users, ship products and solve problems. In this regard, Orbs appears to have a bright future: the L3 concept it proposed in 2021 has been rubber-stamped by several ventures developing similar solutions, driving not just the utility and efficiency of dApps but also enhancing the value of the platforms’ native tokens.
As Orbs continues to innovate and expand its reach, the potential for further growth and success seems like a strong bet.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.