OKX Ventures leads the investment in the decentralized Layer2 cross-chain protocol Orbiter Finance

2024-01-24 16:49:42

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ChainCatcher news, OKX Ventures announced that it will lead the investment in the decentralized Layer2 cross-chain protocol Orbiter Finance. Over the past two years, Orbiter has processed more than 12 million transactions, with a total amount reaching 7.8 billion USD, and has accumulated over 3 million users. Currently, Orbiter is undergoing a product upgrade and has built an instant Omni Rollup based on ZK-Tech on the Ethereum network. Orbiter aims to become an instant full-chain Rollup based on ZK technology, thereby establishing a secure, efficient, low-cost, and low-latency communication mechanism for Ethereum.

Dora, the founder of OKX Ventures, stated that she is pleased to lead the financing for Orbiter, which addresses pain points such as the slow speed of traditional bridges and enhances the efficiency of cross-chain transactions between multiple Layer2s and the ETH mainnet. It can be seen that Orbiter Finance currently supports 19 Layer2 Rollups and various native assets of the Ethereum ecosystem, becoming an indispensable infrastructure for the Layer2 ecosystem. The Orbiter team continuously upgrades its products based on its own development and will continue to provide more decentralized and trustless support for the development of the Layer2 ecosystem in 2024.

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