Elrond to provide the infrastructure layer for liquidity aggregator Orion Protocol
By: Lucian Todea
Tags: Scalability, Trading, Elrondbd, Defi, Blockchain

The first killer app for blockchain has been here for a while and that is money. Be it in the form of stable coins, tokens or many of the emerging decentralized finance tools, crypto’s core use case right now is value transfer and trading. The cryptocurrency markets represent the sum of centralized exchanges, decentralized exchanges, dark pools and over-the-counter trading. While the total value exchanging hands every day is in the tens of billions of dollars, only certain cryptocurrency pairs have significant volume, and even that is fragmented over a number of different exchanges.

Orion Protocol is a liquidity aggregator that connects centralized & decentralized exchanges to give cryptocurrency buyers & sellers access to more volume and tighter spreads. By deploying a set of smart contracts for managing liquidity and matching & executing orders directly between different chains, traders will have access to more liquidity than any single exchange and more cryptocurrency pairs which they can trade with less friction and costs.

Capitalizing on narrow timeframes of opportunity, quickly matching orders and executing trades in real time is critical for the success of Orion. In order to achieve its goals, Orion Protocol has chosen Elrond as infrastructure partner, to benefit from our top performing Virtual Machine and near-instant smart contract execution, as well as the high throughput and low costs that we natively provide. Elrond’s additional blockchain interoperability capabilities will 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 allows 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.” said Beniamin Mincu, CEO & Founder of Elrond.

About Orion

Orion is an all-in-one platform featuring a wide array of DeFi products. Its advanced Liquidity Aggregator Protocol is a standard for connecting to centralized and decentralized exchanges, enabling an ecosystem of dApps to solve liquidity issues and price parity. Orion enables cross-chain trading, omni-exchange accessibility, and liquidity among many other industry-needed features.

Twitter: https://twitter.com/orion_protocol

Telegram: https://t.me/orionprotocol

About Elrond

Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with 5-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

Elrond is built by a team of experienced entrepreneurs along with 13 engineers and researchers with significant blockchain backgrounds and technical experience at Microsoft, Google, Intel, and NTT DATA. The team includes two PhDs in CS & AI, multiple math, CS, and AI Olympiad champions, and a former member of the NEM core team.