Orbiter Finance Announces Its Layer-2 Development Plan

After receiving investment from OKX Ventures, Orbiter Finance has unveiled plans to build a layer-2 infrastructure based on zero-knowledge proof technology.

Orbiter Finance Announces Its Layer 2 Development Plan_65b977be1e703.webp

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”
🚀🚀🚀
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 finance announces its layer 2 development plan 65b977be20dc8

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.

Related: Manta Pacific Becomes the Fourth-Largest Layer-2

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.

5.0/5

(100 votes)

Latest

Trade To Earn 300,000 Usd On Bingx

Airdrops | Editor Choice

Trade to Earn 300,000 USD on BingX

Join Trade to Earn on BingX to share in rewards of up to 300,000 USD!

Cz Considers Creating A Memecoin On Bnb Chain Inspired By Me

News | Editor Choice

CZ Considers Creating a Memecoin on BNB Chain

In response on X, former Binance CEO CZ is considering creating a memecoin inspired by his pet dog, which immediately sparked excitement in the community.

Azcnews Breaking Trump Appoints Former Bitfury Executive To Lead U.s. Banking Regulator

News | Editor Choice | Policy & Regulations

Trump Appoints Former Bitfury Executive to Lead U.S. Banking Regulator

Donald Trump nominates former Bitfury executive Jonathan Gould to lead the OCC, signaling a potential shift in banking regulation with a crypto-savvy leader.

Earn 30 Ip (over 100 Usd) On Bybit For New Users

News | Editor Choice

Earn 30 IP (over 100 USD) on Bybit for New Users

Join to Receive 30 IP (Valued at Over 100 USD) for New Users on the Bybit Exchange.

Azcnews Breaking Bitcoin’s Rebound Sparks A Broader Market Recovery

News | Bitcoin | Editor Choice

Bitcoin’s Rebound Sparks a Broader Market Recovery

Bitcoin and the crypto market have rebounded following the release of a U.S. macroeconomic report.