ChainCatcher news, Orbiter Finance today launched the "Small Coin Collector Tool," providing users with a convenient and efficient service for collecting ultra-small funds (below 3U).The Small Coin Collector Tool can quickly identify the balances of user addresses across more than 30 networks and recover them to any mainstream network with one click, achieving collection in as fast as 3 seconds, solving the problems of high cross-chain gas fees and the long-term accumulation of ultra-small funds.It is reported that Orbiter Finance is a cross-chain protocol based on ZK technology, aimed at providing users with fast, secure, and instant cross-chain solutions. Currently, it has accumulated a trading volume of over 25 billion USD and has a user community size of over 4.2 million.

ChainCatcher news, Ava, the Chief Brand Officer of Orbiter Finance, confirmed her attendance at the "DeInsight 2024" annual summit to be held on November 11 in Bangkok during Devcon.The "DeInsight 2024" annual summit will take place on November 11 at the Hotel Nikko Bangkok. This summit is co-hosted by ChainCatcher and RootData, and jointly organized by Soso Value. It aims to bring together elites in the Web3 field to exchange insights about the industry, and it is expected to attract over 1,000 industry elites.In addition, the conference will unveil the RootData List 2024, which objectively selects influential individuals or institutions in the industry from a data perspective.

ChainCatcher news, O rbiter Finance has officially announced the O-Points ranking system and the latest rankings today. Since its launch in November 2023, the system allocates points based on user loyalty and contributions in preparation for future airdrop activities. As of now, users can check at any time whether they are in the top 1% through the leaderboard. Currently, 800 O-Points are required to enter the top 1% ranking. Users can increase their points by participating in cross-chain trading activities to compete for the top positions on the leaderboard.

ChainCatcher message, the cross-chain interoperability protocol Orbiter Finance, tweeted in response to Vitalik's concerns about the challenges facing L2, stating that it has been committed to becoming an open decentralized cross-chain protocol and has provided cross-chain services for 3.7 million users. It has also solved the "light client problem" mentioned by Vitalik, achieving the validation of L2 state through the deployment of a light client on L1.

ChainCatcher news, the full-chain interoperability protocol Orbiter Finance announces optimization of zk-STARK proofs, capable of generating quantum-resistant security proofs. This achievement will be used in the interoperability protocol Orbiter Vizing developed by Orbiter. Vizing's OAA abstract accounts can save 30% in gas fees compared to regular EOA accounts. This abstract account will provide high-performance, low-cost, and quantum-secure account solutions for the future billion Ethereum users.It is reported that Orbiter, through hardware acceleration and internal algorithm optimization of the zk-STARK proof system, can currently process 16 batches of secp256k1 signatures within 17 seconds at the cost of a regular commercial server, generating quantum-level secure proofs, thereby enhancing performance tenfold, and it may even reach second-level speeds in the future.

ChainCatcher news, the decentralized cross-Rollup bridge Orbiter Finance has officially deployed on the Bitcoin Layer 2 BitFi project Zulu Network testnet Lwazi, and has reached a deep strategic cooperation.It is reported that the Zulu Network testnet Lwazi has surpassed nearly 700,000 users in just one month since its launch. Zulu Network Co-founder Eric Lifson stated that they will work together with Orbiter Finance to promote the development and innovation of the Bitcoin ecosystem.

ChainCatcher news, according to official sources, the cross-chain bridge project Orbiter Finance now supports users in transferring assets to Mantle Network, initially waiving 70% of cross-chain fees for users.

ChainCatcher news, the cross-chain bridge Orbiter Finance will launch a Proof Aggregation Layer, which is currently undergoing integration and testing. This layer features permissionless access, security, improved efficiency, and reduced costs. Orbiter Finance has stated that a testnet will be launched soon for community use.It is reported that the Proof Aggregation Layer acts as an intermediary between a single proof and batch validators. Various proofs from different zero-knowledge proof systems are aggregated by this layer. After aggregation, the combined proof is sent to a single BatchVerifier smart contract, which efficiently verifies all proofs in one operation, streamlining the process for EVM networks.

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.

ChainCatcher news, the cross-chain bridge project Orbiter Finance posted a summary of 2023 on social media and presented its outlook for 2024.Orbiter Finance stated that to thank its loyal community, it will launch a native token this year and will gradually announce the tokenomics and distribution plan to ensure a fair process. The O-Points program will play a crucial role in formulating the airdrop rules.

ChainCatcher news, Layer2 cross-chain bridge Orbiter Finance announced a partnership with ZK hardware accelerator Ingonyama to jointly push the boundaries of innovation in the cryptocurrency space.According to data from RootData, Orbiter Finance completed a $3.2 million seed round financing on November 29, 2022, with a valuation of $40 million. Ingonyama is a high-level cryptographic design accelerator that leverages privacy and scalability facilitated by ZKP, and the company completed a $20 million seed round financing on November 9, 2023.

ChainCatcher message, the cross-chain bridge protocol Orbiter Finance has announced the integration of the Layer2 protocol ZKFair testnet, allowing users to experience transferring ETH & USDC to the ZKFair network.

ChainCatcher news, Layer2 cross Rollup bridge Orbiter Finance posted a picture on social media, leading users to speculate it as an airdrop hint.

L2 cross Rollup bridge Orbiter finance tweeted that the Orbiter cross-chain bridge is functioning normally and there are no security issues. Due to network instability or if the sender deletes the target network identifier while sending a transaction, the transaction may fail. For abnormal transfers, Orbiter will refund the tokens to users within a week.Orbiter finance stated that its Discord account was unjustly blocked by the official Discord team, and the team is in communication with them, which is why Orbiter's account appears as a deleted account in the channel.

ChainCatcher news, Layer2 cross Rollup bridge Orbiter Finance announced its positioning upgrade to a ZK technology-based Ethereum acceleration engine, aimed at improving L2 performance and reducing Gas consumption.In addition, Orbiter Finance will introduce a decentralized front end and Dealer role, facilitating DApp empowerment through the decentralized front end.Orbiter Finance stated that the decentralized incentive front end marks a milestone in Orbiter Finance's path towards complete decentralization and trustlessness, making it possible to establish direct collaboration arrangements between Makers and Dealers by leveraging open protocols. The upcoming roadmap includes a decentralized Maker reliant on SPV circuits, which will contribute liquidity and generate revenue within the Orbiter Finance ecosystem. In the future, Orbiter Finance's focus will be on adopting ZK recursive proof technology to reduce Gas consumption while integrating ZKP on compatible ZK Rollups.

ChainCatcher news, Layer2 cross Rollup bridge Orbiter Finance R&D engineer ZeroKPunk tweeted that recently a single Fibonacci Cairo1.0 program's POC verification was completed with a relatively low Gas cost (about 290000 Gas). Currently, developers may have to submit and verify their Cairo programs through SHARP. However, an alternative has now been provided, allowing developers to prove locally, deploy their own Cairo Verifier contracts, and verify at a relatively low Gas cost.

ChainCatcher message, Layer2 cross Rollup bridge Orbiter Finance integrates opBNB mainnet, with transfer limits from BNB Chain to opBNB and back set at 10 BNB and 5 BNB, respectively.