ORBS Token Up 15% After DWF Labs Invested $10M
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="763" height="402" />)
DWF Labs has invested heavily in the blockchain infrastructure provider Orbs Network through a token sale. The $10 million investment saw the native ORBS token rise nearly 15% to 3.4 cents, bringing the token's market cap to $85 million. Orbs Network recently unveiled its core layer 3 solution, which is a decentralized protocol called time-weighted average price, or dTWAP, designed for decentralized exchanges. Orbs and DWF Labs are actively involved in the TON ecosystem.
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="766" height="400" />)
Andrey Grachev, partner at DWF Labs, said that Orbs is a very promising project within the TON ecosystem. The investment company expressed satisfaction with the support of Orbs' vision for the future of decentralized finance. Grachev emphasized that the dTWAP Orbs protocol for decentralized exchanges and contributions to the TON ecosystem reflect their commitment to driving growth and innovation in the industry.
It took 10 million to raise it by just 15% after this announcement. Seems low for how important they made it🤔
1 comment