Key Features and Integration Details
Ionex exchange, developed by Defizoo, has announced the integration of Perpetual Hub Ultra, a technology stack built by Orbs, to enable perpetual futures trading across the Plasma blockchain. This collaboration allows Orbs’ Layer 3 technology to operate as a turnkey solution for decentralized exchanges seeking to deploy high-performing perpetuals with minimal complexity.
With the new integration, Ionex users can gain access to a full-featured perpetual trading platform. The platform offers complete deep liquidity, customizable leverage, and rapid execution, and is powered by Orbs’ modular, fully managed perps infrastructure.
Orbs' Perpetual Hub Ultra Enhances Decentralized Trading
Perpetual Hub Ultra was built in collaboration with Symm.io using Orb’s L3 architecture to support features such as hedging, liquidations, oracles, and a professional-grade front-end. Ionex revealed that the integration supports a modular architecture that can allow any DEX to add derivatives trading functionality without extensive infrastructure development.
Ran Hammer, Vice President of Business Development at Orbs, stated that Perpetual Hub Ultra offers ‘full white-label’ functionality for DEX operators. He added that the Orbs team is enabling a new standard for decentralized markets that rival centralized trading in both speed and efficiency. The latest integration is intended to allow institutional-grade derivatives trading within a decentralized framework.
The integration setup allows liquidity distribution from both on-chain and off-chain sources, such as major centralized exchanges, eliminating the need for specialized chains or bespoke integrations. This collaboration aligns with the ongoing trend of intent-based trading models in DeFi, which was initially concentrated in spot markets. The integration offers decentralized platforms on the Plasma blockchain to compete with centralized systems in flexibility, performance, and user experience.
Orbs noted that the L3 implementation allows for more established execution logic than what is possible with standard smart contracts, such as higher performance transaction processing and off-chain order matching. Perpetual Hub Ultra will act as the middleware stack sitting between decentralized applications and the primary blockchains, such as Ethereum and Plasma, platforms that host Ionex operations. Orbs revealed that its system aims to achieve CeFi-level speed and execution from a decentralized architecture.
Ionex Offers 60x Leverage Perpetual Trading on Plasma
Ionex has been built on the Plasma blockchain and is positioned as a hybrid DEX, liquidity exchange, and liquidity marketplace, offering features for both spot and derivative trading. The exchange architecture includes MetaDEX for spot trades and MetaPerp for perpetual contracts. MetaPerp operates on top of Orbs’ Perpetual Hub Ultra infrastructure, enabling users to trade perpetual futures with leverage of up to 60x and execution times of under 100 milliseconds.
Ionex DEX features a tri-token model, comprising $INX, veINX, and oINX, which are utilized for rewards, governance, and other platform-specific functionalities. The platform allows token swaps, user-provided liquidity pools with emission rewards, and DAO-based control of token emission schedules. Ionex also supports zero-fee USDT transfers and solver-based routing, aiming to maximize order execution depth.
The integration of Orbs’ perps stack enables Ionex to incorporate the growing market for decentralized derivatives trading without needing to build out its own infrastructure. Orbs promotes this model as a way for smaller or newer DEXs to enhance their offerings and compete with established platforms.
Perpetual futures, which are derivative contracts without expiry dates, represent one of the largest categories of activity in centralized crypto platforms, led by exchanges such as Binance, Bybit, and OKX. Decentralized perpetual platforms, including dYdX, GMX, and ApolloX, have emerged recently, but the sector remains small, offering more opportunities.