Orbiter Finance Announces Its Layer-2 Development Plan

On January 27th, Orbiter Finance announced its plan to develop its own layer-2 solution named Orbiter Rollup, aiming to become a “meta layer” based on zero-knowledge proof technology. The tweet attracted over 426,600 views and more than 1,900 interactions.

🛸”The Orbiter Evolution: From Bridge to Rollup, Reshaping the Ethereum Ecosystem”
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Orbiter Finance is set to launch another satellite into the Ethereum galaxy!
Today, we are thrilled to announce Orbiter Rollup—a pioneering #ZK-powered instant omni meta-layer that brings…

— Orbiter Finance 🛸 (@Orbiter_Finance) January 27, 2024

As of now, Orbiter Finance’s cross-chain solution has served the asset transfer needs of over 3 million users. Additionally, the recent protocol secured a strategic funding agreement from OKX Ventures, although the specific investment details were not disclosed.

Orbiter stated in the announcement:

Orbiter Rollup is preparation for a future omni-connection. This means that by accessing the interface, users can not only transfer assets but also all data across all layer-2.

Through Orbiter Rollup, the protocol hopes to become a central hub connecting with all other layer-2 solutions. Accordingly, Orbiter’s new solution will compete with ZK layer-2 projects such as Manta Pacific, zkSync, and Polygon zkEVM.

In the end, we believe that in the overall layer-2 landscape, users will only need an EVM-compatible account to explore the entire Ethereum ecosystem.

As of now, Orbiter has not made any statements regarding the release of its own token. “Orbiter Finance’s main focus is on product development and enhancing the user experience,” the project’s website notes.