Two of the most active decentralized exchanges, SpookySwap and THENA, have officially rolled out on-chain perpetual trading by integrating Orbs’ newly launched Perpetual Hub Ultra. The update allows both platforms to offer leverage of up to 60x across more than 300 trading pairs.
The move marks a significant step for both DEXs, SpookySwap on Sonic and THENA on BNB Chain, making them the first to adopt Orbs’ upgraded Layer-3 protocol. Orbs’ original Perpetual Hub has already processed over $2.2 billion in volume. The new “Ultra” version is built to help DEXs quickly introduce perpetual markets without sacrificing performance or decentralization.
This isn’t the first time SpookySwap and THENA have worked with Orbs. Both previously integrated Orbs’ dLIMIT and dTWAP tools to support their spot trading systems. Now, with Perpetual Hub Ultra, they’re expanding into leveraged derivatives, with intent-based execution and external liquidity routing built in.
Sonic-based users can now access these perpetual markets on SpookySwap. The entire process is powered by Orbs’ modular system, where orders are routed by the Hedger, which taps into liquidity from sources like Binance. Position risks are monitored by the Liquidator, while a dedicated Price Oracle handles real-time PnL tracking.
THENA has rolled out the same setup on BNB Chain, letting its users trade across 300+ pairs supported by Orbs. That includes tokens like $PUMP, which aren’t normally available on BNB. The system runs using Orbs’ infrastructure combined with Symm.io’s smart contracts, helping ensure smooth execution and strong liquidity throughout.
Orbs Chief Business Officer Ran Hammer said, “We’re delighted to see SpookySwap and THENA move quickly to integrate Perpetual Hub Ultra with full support from Orbs. These integrations bring a powerful on-chain primitive to the Sonic and BNB Chain ecosystems that allow DEX users to access perpetual markets with deep liquidity and support for hundreds of assets. As Perpetual Hub Ultra is rolled out across more EVM chains, it will provide access to perpetual trading that is decentralized, secure, and fully customizable to suit the needs of leading DEXs.”
By removing the need for native liquidity pools and using intent-based design, Orbs’ system could help DEXs scale faster and increase volumes without additional infrastructure strain.
Also Read: Robinhood Lists Hedera (HBAR) for U.S. Spot Trading
