Orion Protocol, a decentralized convergence ecosystem, announced today that it has integrated Binance Bridge into its trading terminal through Orion Bridge. In this way, the Orion protocol enables users to conduct effective transactions across the ETH ecosystem on the Binance smart chain. Can access ETH assets-no need to pay ETH network fees and delays.
Orion is currently based on the Ethereum and Binance smart chains, and has also started to cooperate with Cardano, polka dot, Fantom, Avalanche, HECO, Elrond, etc.
Orion agreement has been created Orion Bridge Integrate the respective bridges of different chains into the terminal to realize cross-chain transactions between assets held across different chains.
Binance Bridge has created a gateway that can cross-chain liquidity on other blockchains to Binance Chain and Binance Smart Chain dApps. The number of projects built on Binance Smart Chain continues to grow, but these projects (including PancakeSwap) have not yet integrated Binance Bridge into their platform, requiring users to use an external bridge with multiple steps to conduct cross-platform transactions. chain.
More efficient transactions
At the same time, the Orion protocol integrates Binance Bridge into Orion Bridge, so that this operation can be performed seamlessly on Orion Terminal. With the integration of Orion and BSC, the integration of Binance Bridge into Orion Terminal through Orion Bridge can improve the interoperability between the Binance smart chain ecosystem and Ethereum.
Although many decentralized aggregators and exchanges are committed to achieving cross-chain transactions, Orion Protocol has taken the lead in making great strides in this regard, allowing users to conduct transactions through the ETH ecosystem through other chains in the first iteration of Orion Bridge. Asset transactions. This gives traders greater flexibility, accessibility and affordability in transactions, so that users can trade ERC-20 tokens without the associated waiting time and ETH network fees.
BSC not only halves the time to wait for off-chain order execution and on-chain order settlement, but the transaction cost on BSC is also 135 times lower than the current cost on Ethereum, and deposits, withdrawals, orders and other procedures are performed on the terminal. The fee is negligible.
Users will be able to use the “auxiliary wallet” to directly trade ERC-20 tokens listed on Orion Terminal from their ETH wallet on Binance Smart Chain-and perform all settlements on Binance Smart Chain. Users only need to pay the Ethereum network fee when depositing in the smart contract on Orion Terminal; all subsequent transactions and withdrawals will benefit from BSC’s marginal network fee.
In addition, integrated Binance Bridge can support native tokens, such as BTC, LTC, DOT, etc. Allow users to directly trade native (unpackaged) tokens on the terminal through Metamask.
The Orion protocol is building a decentralized gateway to the cryptocurrency market to include every centralized exchange, decentralized exchange, and exchange pool. Although Orion is committed to achieving the goal of integrating every major chain and exchange, it is the only liquidity aggregator in the market that provides centralized liquidity access to decentralized exchanges.