Due to the events surrounding Multichain last month including the announcement that the team behind the protocol will be suspending services, the Orbs community has been requesting a reliable alternative to Multichain for bridging their ORBS tokens.
The main criteria for a new bridge is a high level of security, a stable project, and support of ORBS on all previously supported chains. In light of this criteria, Orbs has now been integrated with Axelar Satellite!
Transfers between Ethereum, Binance Smart Chain, Avalanche, Fantom, Arbitrum, and now Axelar are live!
The ORBS token contract addresses on each of the above chains can be viewed in the Axelarscan explorer, and are also listed below:
Axelar delivers secure cross-chain communication for Web3, enabling protocols to build Interchain dApps that grow beyond a single chain. Axelar is built on proof-of-stake, the battle-tested approach used by Ethereum, Polygon, Cosmos, and more. Cross-chain communication means projects can create a complete experience for their users that lets them interact with any asset, application, or chain with one click.
Satellite is a web application built on top of the Axelar Network. It provides an easy-to-use interface that enables users to transfer their crypto assets from one chain to another. The bridge has facilitated over 700,000 cross-chain transactions resulting in a total volume of 1.8 billion. The Axelar protocol has ongoing security audits when major updates to the code base are changed, they can be viewed on GitHub.
For a complete list of supported assets, networks, and a 1-click network installation to MetaMask, refer to https://axelarscan.io/resources/chains
Orbs is a blockchain infrastructure project. Have been around since 2017, with the network and token live since 2019. Orbs is now focusing on building use cases supported by the network and tech.
The most used apps on Orbs now are dTWAP and dLIMIT - these are limit order and TWAP protocols that are 100% decentralized, EVM compatible, and can integrate with most DEXs. Currently live with multiple DEXs such as QuickSwap, SpookySwap, Thena, Chronos, and more.
The project is being developed by a dedicated team of more than 30 people, with team members in Tel Aviv, London, New York, Tokyo, and Seoul.
For more information, please visit www.orbs.com, or join our community at: