Orbiter Finance’s cross chain protocol has attracted over 3 million users, aiming to exchange assets between different Layer-2 rollup networks. The recent announcement confirmed strategic investment from OKX Ventures, although the Capital was not disclosed.
Orbiter Rollup, described as a “meta-layer,” will run on top of a transparent proof-of-stake. The Orbiter team describes it as a step toward a future of “total federation,” allowing users to transfer assets and data across all L2s with a single EVM (Ethereum Virtual Machine)-compatible account.
Orbiter Rollup is competing with other L2 networks using ZK such as Manta, zkSync, and Polygon zkEVM. There is no announcement about Orbiter's Token plans yet, and the team is focused on product development and improving user experience.
The article OKX -Backed Orbiter Finance Announces Private L2 Network – Orbiter Rollup appeared first on Coin79 - Update Coin News and Crypto Investment Knowledge .
