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OKX Ventures leads investment in decentralized Layer 2 cross-chain protocol Orbiter Finance

OKX Ventures announced that it would lead the investment in decentralized Layer2 cross-chain protocol Orbiter Finance. Over the past two years, Orbiter has processed over 12 million transactions, with a total amount of $7.8 billion and over 3 million cumulative users. Currently, Orbiter is upgrading its products and building 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, expressed her pleasure in leading the investment in Orbiter. Orbiter solves the pain points of slow bridge speed and improves the efficiency of cross-chain communication between multiple Layer2s and the ETH mainnet. Currently, Orbiter Finance supports 19 Layer2 Rollups and various native assets of the Ethereum ecosystem, making it an indispensable infrastructure for the Layer 2 ecosystem. The Orbiter team will continue to upgrade its products based on its own development and provide more decentralized and trustless support for the development of the Layer2 ecosystem by 2024.

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