Orbs, a Layer-3 infrastructure provider, introduced Perpetual Hub Ultra in July 2025 as a whitelabel way for decentralized exchanges to add perpetual futures without building a trading stack of their own. The press release said any DEX could deploy it with a fully customized interface. It cited support for more than 300 trading pairs, leverage of up to 60x, automated liquidations and liquidity routing. Fifteen months on, integrations have followed, and so has a second version.
Ultra pairs Symm.io’s smart contract infrastructure with Orbs’ omnichain infrastructure. On top sit a CeFi-style interface and three Orbs components, a Hedger, a Liquidator and a Price Oracle, and Orbs says the modular design lets a DEX integrate right away with minimal development effort. The original Perpetual Hub, which Orbs says launched in May 2024, came first. Orbs itself is a decentralized Layer-3 that runs on proof-of-stake. It also powers dLIMIT, dTWAP and Liquidity Hub.
The bottleneck Orbs is targeting
The pitch rests on a problem the release states plainly. Teams that want their own perps venue have to attract enough liquidity and keep margin requirements competitive, and Orbs says that has left a handful of major players dominating onchain perps. DefiLlama figures cited by Cointelegraph in April 2026 put numbers on that concentration. Hyperliquid alone handled about $185.5 billion over 30 days, roughly 34% of the top 10 perp DEXs’ volume.
Spot-focused DEXs and L2s are the target customers. Orbs says Ultra has the potential to lift trading volume, bring in new users and grow revenue without a specialized base layer. For traders, the result would be perps inside venues they already use, under each DEX’s own brand. The pitch arrived three months before the market peaked. Monthly perp DEX volume reached $1.36 trillion in October 2025, then fell for five straight months to $699 billion in March, per the same data. That’s roughly half.
The product also fits a broader move toward modular trading stacks, where DEXs rent features such as limit orders and TWAP execution, and now perps, instead of building them. BlockchainReporter covered that split in a September piece on modular trading infrastructure, which named Orbs among the providers.
Who has adopted it since launch
The July 2025 release named no partners and said only that major DEX integrations were underway on multiple chains. Later announcements filled in the list. Orbs said on October 28, 2025 that QuickSwap had integrated Ultra on Base. Ionex, a Plasma-based exchange, followed in November, with its MetaPerp product advertising up to 60x leverage and sub-100 millisecond fills. In January 2026, Orbs announced that Atlantis, on Monad, and Gryps, on Sei, had integrated Ultra as well.
The biggest step came in July 2026. A QuickSwap governance vote passed with 81.8% support among QUICK holders, and the exchange made Perpetual Hub Ultra 2.0 its default perps engine on every chain it operates on. It replaces an Orderly-powered deployment on Polygon PoS. Orbs describes 2.0 as a self-contained stack with no third-party dependencies, built around a TEE-secured execution environment that it says rolls out progressively.
What the announcements leave open
Most of the product claims here are Orbs’ own. The 300 pairs and 60x leverage come from the July 2025 press release. Orbs’ announcement post on its site says Ultra can pull liquidity from onchain and offchain sources, including major centralized exchanges like Binance, and claims deep liquidity on day one “comparable to Hyperliquid and even Binance.” It offers no figures of its own to back that up. None of the integration announcements reviewed for this story cites trading volume, open interest or user counts for a live deployment.
The product page adds caveats. It labels Perpetual Hub a beta under active development, warns of possible bugs, downtime and loss of funds, and says Orbs “will not be engaging in trading, hedging or serving as a liquidator,” which leaves those roles to participants. So the depth of any one DEX’s market will likely depend in part on who steps into them, a point the press release doesn’t address. Version two raises a separate question. The July 2026 QuickSwap release doesn’t compare 2.0 with the first version, so the practical differences are unclear.
Regulation is the other unknown. The CFTC’s October 5 advance notice on leveraged retail crypto trading is open for public comment, and it floats letting exchanges that want to list perpetuals register as designated contract markets. Nothing is final. How any eventual rules would apply to onchain venues, including DEXs that add perps through a whitelabel stack, hasn’t been settled. Until a live deployment publishes volume or open interest, the adoption list shows who has signed up, not how much trading any of it carries.
