Orbiter Finance Receives Investment from OKX Ventures to Expand Decentralized Cross-Layer 2 Protocol Operations

OKX Ventures has invested in Orbiter Finance, a decentralized cross-Layer 2 (L2) protocol provider. The amount of the investment has not been disclosed, but it will be used to expand operations and development efforts. Orbiter Finance's protocol integrates ZK Simplified Payment Verification (SPV) to authenticate L2 transactions on the mainnet and to arbitrate fraudulent re-layers via EVM, providing an efficient, low-cost, and quick communication mechanism for Ethereum. The company has processed over 12 million transactions and amassed a total transaction volume of over US$7.8 billion, with a large user base exceeding three million and a thriving community of more than 700,000 users and fans.

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