Orbiter Finance's cross-chain bridge attracts a total of over 3 million users who want to exchange assets between different Layer 2 rollup networks. Additionally, the protocol recently announced a strategic investment of an undisclosed amount from OKX Ventures.
The protocol is currently planning to add its own L2. It's Orbiter Rollup, a “meta-layer” with new zero-knowledge proof capabilities. (Orbiter Finance is not to be confused with Orbit Chain, a similarly named bridge protocol that was hacked earlier this month.)
The team at Orbiter touts Orbiter Rollup as preparation for an “omni-connected” future. “With a simple click of the interface, users can transfer not just assets, but all data across all L2s,” the team said in the announcement.
With Orbiter Rollup, this protocol wants to be the layer for accessing all other L2s. “Eventually, we believe that across Layer 2 environments, users will only need one EVM-compatible account to seamlessly explore the Ethereum ecosystem.” The protocol is powered by Manta, zkSync, It competes with other ZK-powered L2 networks such as Polygon zkEVM.
Orbiter's team has not announced plans for the token. ”“The Orbiter Finance team's primary focus is currently on product development and improving the user experience,” reads an FAQ on the company's website.
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