The First 60x Leveraged Perpetuals on a DEX Just Went Live – Here’s What It Means for DeFi

Can two decentralized exchanges really transform the entire landscape of on-chain perpetual trading? The answer appears to be yes, as SpookySwap and THENA have just made history by becoming the first DEXs to integrate Orbs' revolutionary Perpetual Hub Ultra technology. This groundbreaking development promises to bring institutional-grade perpetual trading to decentralized finance, complete with up to 60x leverage and support for over 300 trading pairs.

The Dawn of a New Trading Era

SpookySwap and THENA each have launched perpetual trading via Orbs' Perpetual Hub Ultra, bringing onchain perpetual trading to their platforms. The Sonic and BNB Chain DEXs have integrated Orbs' protocol to introduce perpetual trading capabilities that were previously exclusive to centralized exchanges.

For those unfamiliar with perpetual trading, think of it as a way to trade cryptocurrency contracts that track the price of an underlying asset without an expiration date. Unlike traditional ...