Orbs: THENA Perps V2 launches on Orbs L3 infrastructure - 22 Sep 2026

THENA has launched Perps V2, a perpetuals trading engine whose matching, position management, and settlement run on dedicated Orbs L3 infrastructure. The platform goes live with more than 500 markets, leverage of up to 150x, and Binance as the first hedging venue for trader positions.The launch gives ORBS a direct use case in a live, high-throughput trading venue rather than a planned integration. Because the full perps engine executes on Orbs L3, demand for the token is tied to THENA perps activity and to the venue network as it expands beyond the initial 500+ markets. Value capture depends on realized trading volume, so the scale of usage on THENA, not the launch itself, will determine how much demand flows to ORBS over time.1/8 THENA Perps V2 is here. is now lightning fast, there’s enough liquidity to trade with real size, max leverage goes up to 150x, and we’re starting with 500+ markets.Powered by Ultra. Here’s what you need to know 🧵