Orbs, a decentralized Layer 3 blockchain infrastructure focused on advanced on-chain trading, has launched Perpetual Hub Ultra 2.0, a protocol designed to let trading venues stand up fully branded perpetual futures exchanges without building backend infrastructure from scratch.
The protocol brings together all the components a derivatives venue typically needs, including execution, settlement, hedging, liquidation, pricing, and a trading interface, into a single unified system running on Orbs’ Layer-3 infrastructure.
The aim is to remove the operational complexity that has traditionally made launching an on-chain perps venue a multi-vendor undertaking, giving venues a faster path to market while offering traders more consistent performance.
Liquidity is available from day one through a hedging layer that connects to centralized exchanges and leading on-chain perpetual markets simultaneously, aggregating depth across venues to offer tighter spreads and a wider range of trading pairs than any single source can provide.
“Launching a perps venue has traditionally required stitching together execution providers, liquidity sources, and risk infrastructure,” said Ran Hammer, Vice President of Business Development at Orbs. “Perpetual Hub Ultra introduces a unified protocol that manages the full lifecycle of a trade within a single architecture. Trading venues can now launch branded perpetual exchanges with deep liquidity and institutional-grade infrastructure, without building the backend themselves.”
How the protocol handles execution, pricing, and risk
Execution runs through a Trusted Execution Environment, which processes every trade, position update, and liquidation and uses remote attestation so participants can independently verify that the execution logic has not been tampered with.
External market exposure is managed by whitelisted hedgers operating under high service-level guarantees, routing hedges across Binance USD-M Futures and other on-chain perpetual markets. A cross-margin risk model powers a real-time liquidation engine that continuously tracks account solvency across the protocol.
The TEE-based execution layer will be progressively integrated into Orbs’ broader Layer-3 infrastructure as the 2.0 rollout continues.
Prices are sourced from a mark price feed running inside the TEE, cryptographically signed via EIP-712 and verified at every step, producing an auditable record of every price update. Account state, including positions, balances, pending orders, and configuration, is stored in a unified Merkle tree, with state roots committed on-chain via a rollup contract.
The architecture is designed to combine the verifiability of on-chain settlement with the speed and efficiency of off-chain execution.
Venues deploying the protocol also get access to a white-label trading interface built on TradingView charts, covering market and limit orders, stop-loss and take-profit, bracket orders, one-click trading, account abstraction, and gasless transactions, giving end users a centralized exchange feel while preserving self-custody and on-chain transparency.
QuickSwap becomes first major venue to adopt Perpetual Hub Ultra 2.0
QuickSwap, a long-standing Orbs integration partner, has passed a governance proposal making Perpetual Hub Ultra 2.0 its default perpetual futures infrastructure across all QuickSwap chains, displacing Orderly on Polygon.
Because venues on the network share underlying infrastructure and liquidity, each new deployment is designed to strengthen the ecosystem as a whole. Orbs expects further venues to follow in the coming months.
The launch adds to Orbs’ existing suite of trading protocols, including dLIMIT, dTWAP, Liquidity Hub, and dSLTP, extending its execution infrastructure into the derivatives layer of decentralized finance.
Featured image via Shutterstock.
