Orbs Partners with Axelar Network to Facilitate Cross-Chain Token Swaps Across Leading Blockchains

Key Highlights 

• Orbs announced it has teamed up with Axelar Network to create a remarkable solution for cross-chain token swaps, thereby providing Web3 projects with secure cross-chain communication.
• The integration will see users of Orbs accessing a secure and seamless way to bridge their ORBS tokens across various leading blockchains.

Orbs, a renowned Layer-3 infrastructure network for decentralized applications, has joined forces with Axelar Network to introduce an innovative solution for seamless cross-chain token swaps.

The company announced via an official release today that its partnership with Axelar Network is set to put an end to the uncertainty that followed the collapse of the Multichain cross-chain protocol, which saw over $126 million worth of funds disappear due to “unusual activity,” thereby providing an alternative that guarantees the secure bridging of .

Notably, it will achieve this by providing the community with a reliable bridge for ORBS tokens, ensuring their seamless transition across several ranges of leading blockchains including Ethereum and BNB Chain. Evidently, Orbs is hell-bent on its pursuit of a reliable alternative for bridging their ORBS tokens across different networks. 

Axelar Satellite Emerges as Best Fit for Orbs’ Criterion 

With a set of stringent criteria in place, Orbs revealed it is proud to choose Axelar Satellite as a partner in this mission considering it a stable and secure bridge provider capable of catering to the diverse needs of the community. It appears that Orbs’ choice on the recent integration was triggered by Axelar Satellite’s robust proof-of-stake consensus mechanism, a technology trusted by prominent blockchains like Ethereum, Cosmos, and Polygon.

Apparently, Axelar Satellite’s utilization of the proven proof-of-stake consensus mechanism, which has been tested and trusted by some of the world’s most renowned blockchains, including Ethereum, Cosmos, and Polygon, instills confidence in the reliability and security of this new approach. 

Moreso, Axelar Satellite’s intuitive user interface empowers users to effortlessly transfer digital assets across supported chains. Boasting an impressive track record, the bridge has successfully facilitated over 700,000 cross-chain swaps with a staggering cumulative transaction volume exceeding $1.8 billion. More importantly, Axelar has proven to meet the stringent security standards mandated by the Orbs community, subjecting its smart contracts and infrastructure to continuous security audits. In addition to this, Axelar’s open-source codebase provides transparency and accountability, empowering the community to access and scrutinize its operations via its Github page.

This strategic partnership unlocks the potential for multichain Web3 dApps to provide a seamless user experience across a diverse array of supported networks, enabling the effortless bridging of assets between chains with just a few clicks. Starting today, users can now confidently bridge their ORBS tokens across an array of leading blockchains, including Ethereum, BNB Chain, Avalanche, Fantom, Arbitrum, and Axelar.