• DWF Labs has invested $10 million in blockchain infrastructure provider Orbs Network.
• The investment sent the native ORBS token, which has an $85 million market cap, up close to 15%.
• Orbs recently launched its flagship layer 3 product, a decentralized “time-weighted average price” protocol for decentralized exchanges.
DWF Labs Invests $10M in Blockchain Infrastructure Provider
DWF Labs has invested $10 million in blockchain infrastructure provider Orbs Network. The investment sent the native ORBS token, which has an $85 million market cap, up close to 15%. Orbs recently launched its flagship layer 3 product, a decentralized “time-weighted average price” protocol for decentralized exchanges.
Orbs Network Overview
Founded in 2017, Orbs offers public blockchain infrastructure designed to provide scalability, low transaction fees, fast performance, security and ease of use. The platform is meant for mass-use applications that could run into high fees and slow throughput, and can serve as the back end for a full blockchain technology stack. The mainnet and ORBS token were launched in early 2019.
Involvement with TON Ecosystem
Orbs and DWF are both heavily involved in the TON ecosystem, which was developed by the founders of Telegram Messenger. Andrei Grachev of DWF Labs commented on their involvement: „Orbs is a highly promising project within the TON ecosystem, and we are pleased to invest in their vision for the future of decentralized finance.“
dTWAP Protocol
The dTWAP protocol is designed specifically as a decentralized time-weighted average price protocol for decentralized exchanges (DEXs). It takes into account different types of orderbook prices throughout a given period of time when calculating prices for DEXs instead of just one snapshot at any given time. This helps reduce volatility and increase accuracy when trading on DEXs.
Conclusion
DWF’s investment into Orbs Network signals strong confidence from investors who are actively involved with industry-leading projects such as TON ecosystem development. With this new injection of capital along with its innovative dTWAP protocol launching soon after this news broke out – it looks like things are looking very hopeful for this project going forward!