Orion Protocol • Jun 08, 22
Orion Protocol: Polygon in one place
Polygon is live on Orion Protocol, giving users a secure, low-cost scaling solution based on Ethereum
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Orion Protocol has risen by 5.15% in the past 7 days. The price increased by 2.88% in the last 24 hours. In just the past hour, the price grew by 0.91%. The current price is $1.00 per ORN. Orion Protocol is 96.59% below the all time high of $29.29.
The current circulating supply is 34,146,255 ORN.
ORN is an Ethereum token that powers Orion Protocol, which aims to aggregate liquidity from centralized and decentralized exchanges into one platform. ORN can be used to receive discounted trading fees, for staking, and to access advanced features within the Orion Protocol.
is a new-age platform connected to all major exchanges (centralized and decentralized) and prominent swap pools. The platform combines the best features of existing crypto brokerages and instant trading apps. In simpler words, Orion Protocol acts like Bloomberg for cryptocurrency, bringing all of the existing centralized and decentralized crypto trading platforms under one umbrella.
The Orion Protocol is self-proclaimed as the “most advanced liquidity aggregator ever developed” and claims to solve some of the most significant issues with traditional DeFi trading platforms.
Based on a survey conducted by Encrybit, 91% of crypto traders run into various problems while trading through traditional crypto platforms. These common problems include security issues, lack of liquidity, and high trading fees.
Orion Protocol solves all these issues through its “crypto centralized online brokerage platform.” According to Orion’s , the platform provides convenience for traders, resourcefulness for analysts, and flexibility for trade algorithm developers, all in one place. The platform is equally suitable for experienced traders and newcomers.
Apart from the features mentioned above, the platform also claims to charge one of the lowest trading fees in the centralized and decentralized crypto market.
Some of the basic features of Orion Protocol are:
The unique liquidity aggregator: Orion’s prime feature is a built-in aggregator, which allows its users to access multiple exchanges in one place. Since the built-in aggregator helps to represent the best features from all centralized and decentralized platforms, traders can obtain a spot-on price for any supported cryptocurrency.
Internal price matching engine: Traditionally, users need to depend upon third-party brokers to match their orders on different crypto exchanges. This increases the dependency risk as well as the trade execution time. In contrast, Orion Protocol uses its internal decentralized exchange () to match orders effectively on a peer-to-peer basis. Owing to its extensive internal database, Orion Protocol aims to reduce the trading risk while users enjoy near-instant executions
A non-custodial platform: Most traditional platforms control user and do not allow direct external transfers. Locking cryptocurrency in the exchange’s platform before the external transfer increases the risk of hacking, theft, and downtime issues. As opposed to this, the users of Orion Protocol do not have to give up control of their funds. Furthermore, the platform also gives the freedom to transfer crypto funds directly to external wallets post-purchase.
Along with these features, the platform also offers Liquidity Boost Plugin, Blockchain DEX Kit, Enterprise Trade Widget, Launchpad Liquidity, and Developer Kit. These products can be useful for retail as well as professional high-frequency traders.
Orion Protocol is fueled by its native utility, called ORN. The token is hosted on the platform and follows guidelines. ORN is used for various purposes like paying trading fees, receiving rewards, voting for “broker of your choice,” and accessing premium features (like margin trading). Brokers also use the token to stake in the decentralized brokerage. Not only this, but ORN token holders are also given a discount on the Orion Protocol while making transactions.
Orion Protocol (ORN) was launched in 2020 by and. Ali is the COO of the platform and has experience in the traditional finance industry. Koloskov is the company's CEO and started his crypto journey in 2016 as the creator of Waves DEX. The whitepaper of the currency was published in the second quarter of 2020.
Orion Protocol uses a delegated proof-of-broker mechanism to build a broker-staker network. This mechanism allows token holders to lend their tokens to other investors by adding the token to a common. This trade is secured using. Smart contracts, like regular paper contracts, establish the terms of an arrangement between parties. But unlike an old-fashioned contract, smart contracts automatically execute when the terms are met without the need for either participating party to know who is on the other side of the deal—and without the need for any kind of intermediary. Once this transaction is completed, the token holder (lender) is rewarded in the form of ORN tokens.
On December 1, 2021, currently, there were 32.2 million tokens in circulation, with 100 million being the maximum total supply.
Investors can trade ORN tokens from several exchanges, including Coinbase. It's easy, simply, and secure.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
Orion Protocol was mentioned in 350 out of 1,665,585 social media posts on Twitter and Reddit on Jan 19, 2023. This is a 54.19% increase compared to yesterday's volume. Additionally, 21 unique individuals are talking about Orion Protocol and it is ranked #171 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Orion Protocol has an average sentiment score of 3.6 out of 5. Finally, Orion Protocol is becoming more newsworthy, with 0 news articles published about Orion Protocol. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about Orion Protocol. There were 50% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Orion Protocol. 50% of tweets were neutral about Orion Protocol. These sentiments are based on 22 tweets.
On Reddit, Orion Protocol was mentioned in 0 Reddit posts and there were 0 comments about Orion Protocol. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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3.6 out of 5
The current market cap of Orion Protocol is $34.10M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Orion Protocol is $29.29. This all-time high is highest price paid for Orion Protocol since it was launched.
Over the last 24 hours, the trading volume of Orion Protocol is $4.03M.
The current circulating supply of Orion Protocol is 34 million.
The median time that Coinbase customers hold Orion Protocol before selling it or sending it to another account or address is 12 days.
Orion Protocol ranks 156 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 96% of Coinbase users are buying Orion Protocol. In other words, 96% of Coinbase customers have increased their net position in Orion Protocol over the past 24 hours through trading.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.