Newly OKX-backed Layer 2 bridge Orbiter Finance announces its own L2 network

Orbiter Finance’s cross-chain bridge has attracted a total of more than 3 million users looking to exchange their assets between different Layer-2 rollup networks. Additionally, the Protocol recently announced a strategic investment of an undisclosed amount OKX Companies.

Now the protocol plans to add its own L2 to the mix: Orbiter Rollup, a new zero-knowledge-based “meta layer.” (Orbiter Finance should not be confused with Orbit Chain, the bridge protocol of the same name that was hacked earlier this month.)

The Orbiter team presents Orbiter Rollup in preparation for an “omni-connection” future. “By simply clicking on the interface, users can transfer not only assets, but also ALL data across ALL L2s,” the team wrote in its report. announcement.”

With Orbiter Rollup, the protocol hopes to become the layer through which all other L2s can be accessed. “Ultimately, we believe that users across the entire Layer 2 landscape will only need one EVM-compatible account to seamlessly explore the Ethereum ecosystem.” The protocol will compete with other ZK-powered L2 networks such as Manta, zkSync and Polygon zkEVM.

The Orbiter team has not announced any plans for a token. “The primary focus of the Orbiter Finance team is currently on product development and improving the user experience,” reads the FAQ on the website is reading.