Decentralized exchange SpookySwap, based on the Sonic blockchain, has bolstered its trading features through a partnership with blockchain infrastructure provider Orbs (ORBS), as disclosed to Finbold on Tuesday, April 15.
Namely, the exchange will integrate Orbs’ flagship trading protocols, which will allow traders on Sonic’s L1 to utilize advanced order types in a simple, user-friendly manner.
Traders who utilize the exchange, which has seen more than $30 million in trading volume over the past 30 days, will now have access to limit and TWAP (time-weighted average price) orders.
An expansion of a longstanding partnership between SpookySwap and Orbs
The collaboration between SpookySwap and Orbs began in June of 2024. With this recent expansion, cryptocurrency traders on the exchange will now have access to industry-standard tools.
Limit orders will allow market participants to buy or sell at specific price points — whereas TWAP orders go a long way in counteracting slippage and liquidity pool volatility, thus ensuring more favorable entry points.
In mid-February, the infrastructure provider announced a similar integration with digital asset management platform Tea-Fi. Earlier still, in late January, Orbs Layer-3 protocol (L3), Liquidity Hub was integrated with market maker SwapX.
SpookySwap supports swaps, staking, earning, and operates a token launchpad. With this most recent integration, a total of 15 decentralized exchanges across 9 chains have integrated Orbs’ protocols.
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