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What is Orion (ORN)?
Orion basic info
What is Orion?
Orion is a platform for decentralized finance (DeFi) that aims to offer users a smooth trading experience by combining liquidity from centralized and decentralized exchanges. This pooling of liquidity enables Orion to provide real-time asset prices, which could be a valuable resource for those interested in the cryptocurrency market. Orion's non-custodial approach is designed to give individuals financial autonomy on a global scale, as it allows users to retain control of their assets at all times. With support for over 200 digital assets, Orion is a versatile platform for a broad range of cryptocurrency traders.
When was Orion launched?
Orion was established in 2018 by Alexey Koloskov, with the aim of addressing one of the most significant challenges in the crypto industry: fragmented liquidity. Alexey's journey in the crypto world began in 2016 when he served as the Chief Architect and Creator of the Waves DEX. Prior to that, he developed software for major banks such as UniCredit and Deutche Bank. The launch of Orion's token took place in July 2020.
How does Orion Work?
Orion is a platform that offers a unique approach to decentralized finance (DeFi) by combining liquidity from both centralized and decentralized exchanges. This allows users to access real-time asset prices, which can be a valuable resource for those interested in the cryptocurrency market. Orion's non-custodial approach gives individuals financial autonomy on a global scale, allowing them to retain control of their assets at all times. With support for over 200 digital assets, Orion is a versatile platform for a broad range of cryptocurrency traders. Orion's virtual order book technology provides a comprehensive view of the most optimal trade routes across both CEX and DEX platforms, while its cross-chain bridge integration aims to take advantage of prices on other blockchains, providing even more route options. Price feeds on Orion update in milliseconds, thanks to the ample liquidity sources and the capital efficiency of each trade. Orion's platform is available to traders globally, making it a potentially valuable tool for a wide range of individuals interested in cryptocurrency trading.
Why does DeFi need Orion?
The crypto industry has long struggled with fragmented liquidity due to the lack of a single access point between decentralized exchanges (DEXs) and centralized exchanges (CEXs). This has resulted in inefficient trading experiences, with users having to navigate different accounts, interfaces, fees, and regional restrictions. Additionally, CEXs pose a high-security risk to personal privacy and custodial assets. The solution to these challenges has always been to have one decentralized access point to buy crypto at the best prices, and now that solution is finally here.
ORN supply and tokenomics
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What is the development prospect and future value of ORN?
The market value of ORN currently stands at $64.53M, and its market ranking is #474. The value of ORN is not widely recognized by the market. When the bull market comes, the market value of ORN may have great growth potential.
As a new type of currency with innovative technology and unique use cases, ORN has broad market potential and significant room for development. The distinctiveness and appeal of ORN may attract the interest of specific groups, thereby driving up its market value.