Orbs Displaces Orderly on QuickSwap as Perpetual Hub Ultra 2.0 Unifies On-Chain Perps

Orbs, a Layer-3 infrastructure provider for on-chain trading, has shipped Perpetual Hub Ultra 2.0, a protocol that folds execution, settlement, hedging, liquidation, pricing and a trading front-end into a single stack for perpetual futures venues. QuickSwap has already voted the protocol in as its default perps infrastructure across all of its deployed chains, replacing Orderly on Polygon, according to Finbold.

For on-chain researchers, the relevant detail is not the branding layer but the settlement architecture underneath it: trade execution runs inside a Trusted Execution Environment (TEE), with every price update signed via EIP-712 and account state — positions, balances, pending orders — compressed into a unified Merkle tree whose roots are committed on-chain through a rollup contract. That design is meant to let anyone independently verify that execution logic hasn’t been altered, without needing to trust the venue operator.

Liquidity aggregation across CEX and on-chain venues

Day-one liquidity comes from a hedging layer that routes exposure simultaneously across centralized venues, including Binance USD-M Futures, and other leading on-chain perpetual markets. Orbs says aggregating depth this way is intended to tighten spreads and widen available trading pairs beyond what any single liquidity source could offer a new venue at launch.

Risk management sits on a cross-margin model feeding a real-time liquidation engine that tracks account solvency across the protocol continuously, rather than per isolated market. Hedging against external markets is handled by whitelisted counterparties operating under stated service-level guarantees, a structural choice that shifts counterparty risk assessment onto those whitelisted hedgers rather than end users.

QuickSwap’s governance switch and the displacement of Orderly

QuickSwap, a long-running Orbs integration partner, passed a governance proposal making Perpetual Hub Ultra 2.0 its default perpetual futures infrastructure across all its chains. That move displaces Orderly specifically on Polygon, marking one of the more concrete infrastructure-provider swaps in DeFi derivatives this year.

Because venues built on the network share underlying liquidity and infrastructure, Orbs frames each new deployment as compounding depth for the whole ecosystem rather than fragmenting it. The firm says it expects additional venues to adopt the protocol in the coming months, though no specific names beyond QuickSwap have been disclosed.

Positioning within Orbs’ execution suite

Perpetual Hub Ultra 2.0 extends Orbs’ existing execution products — dLIMIT, dTWAP, Liquidity Hub and dSLTP — into the derivatives layer, giving the firm a broader footprint across order types, TWAP execution and now full perps infrastructure. Venues integrating the protocol also get a white-label interface built on TradingView charting, supporting market/limit orders, bracket orders, stop-loss/take-profit, account abstraction and gasless transactions.

Ran Hammer, Vice President of Business Development at Orbs, said: “Launching a perps venue has traditionally required stitching together execution providers, liquidity sources, and risk infrastructure. 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.”

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