Elrond, a recently launched high-performance blockchain network, announced today it has partnered with Orion Protocol to help solidify its crypto liquidity platform.
Orion Protocol is a liquidity aggregator that connects centralized and decentralized exchanges to give cryptocurrency users access to more volume and tighter spreads.
By deploying a set of smart contracts for managing liquidity and matching and executing orders directly between different chains, traders have access to more liquidity than any single exchange and more markets that they can trade with less friction and costs.
Partnership
Capitalizing on narrow timeframes of opportunity, quickly matching orders, and executing trades in real-time is critical to the success of Orion.
In order to achieve its goals, Orion Protocol chose Elrond as an infrastructure partner, to benefit from its advanced Virtual Machine and near-instant smart contract execution. Further, Elrond’s blockchain interoperability features can also contribute to Orion Protocol’s long-term success.
“We are proud to partner with Elrond and work together to bring a decentralized trading experience that is unmatched. Elrond’s unparalleled performance and scalability allow completely moving high-frequency trading familiar in traditional stock exchanges, to blockchain technology.”
– Alexey Koloskov, CEO of Orion Protocol
The mutually beneficial partnership will provide Orion Protocol with the needed high throughput, low costs, and fast execution times, while the Elrond blockchain gains yet another partner operating on top of it to further prove its capabilities and readiness for adoption.
“Levelling the playing field between centralized and decentralized exchanges, in order to bring liquidity in the fragmented crypto space, is an important step towards a truly free and direct marketplace. Orion Protocol has the right tools and approach for achieving this goal, and needs fast infrastructure & interoperability to come to life. We are pleased to support their vision and to enable their goals with Elrond’s high throughput and fast finality.”
– Beniamin Mincu, CEO & Founder of Elrond