TechFlow News — Orbits, a multi-chain order-book-based decentralized spot and derivatives trading platform powered by ZK-SNARK technology, has launched its testnet, enabling users to experience decentralized market and limit order trading for both spot and derivatives.
Orbits leverages Ethereum Layer 2 technology and ZK-SNARK to significantly reduce transaction fees and optimize trading efficiency while ensuring security. As the first L2 chain-native DEX supporting strategy trading, Orbits enables liquidity aggregation and advanced trading strategies during spot and perpetual contract trading, sharing 70% of transaction fees and liquidity mining rewards with all users.Original Link
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