Orbiter Finance, a ZK-tech-based instant omni rollup on Ethereum, is set to launch Vizing, its cutting-edge Ethereum Layer 2 network. This marks a pivotal chapter in its development, ushering in a brand-new Web3 experience that transcends conventional blockchain interactions.
Recently, Orbiter Finance achieved a significant milestone by securing backing from OKX Ventures, the investment arm of the renowned crypto exchange and Web3 technology company, OKX. According to OKX Ventures Founder Dora Yue, “Orbiter Finance is an essential infrastructure for the L2 ecosystem. The team’s continuous product upgrades and relentless efforts towards ensuring more decentralized and trustless support for the growth of the L2 ecosystem in 2024 are commendable.”
A New Era with Vizing
Drawing upon its track record of high expectations and consistent stellar performance, Orbiter Finance advances with a new rollup, harnessing its extensive expertise in zero-knowledge proof technology and Layer 2 network operations.
Utilizing Orbiter’s cutting-edge ZK technologies, Vizing offers heightened security, scalability, and privacy, laying the groundwork for a more interoperable and robust Ethereum ecosystem.
Orbiter is employing Vizing as the meta-layer to realize “omni-connection” in blockchain. This means that with a simple click on the interface, users can transfer assets and data across all Layer 2 networks. Vizing will support the innovative Orbiter Abstract Account, based on ERC-4337, enabling seamless transactions of user assets across various rollups. For example, assets held in OAA accounts on Arbitrum can be directly swapped with Uniswap on zkSync Era.
Ultimately, Orbiter envisions a future where users will only require one EVM-compatible account to seamlessly navigate the entire Layer 2 landscape and explore the Ethereum network.
Token Launch around the Corner
Anticipation mounts as Orbiter Finance prepares for its highly anticipated token launch in 2024. The unveiling of the tokenomics and distribution plan marks a significant milestone in the company’s evolution, signaling a new era of growth and utility within the Orbiter ecosystem.
Beyond serving as a medium of exchange for Orbiter Bridge and Vizing, the Orbiter token is designed to empower users through governance participation, network incentives, and value transfer mechanisms, fostering a vibrant and engaged community.
The L2 Igniting Web3
In the past two years alone, Orbiter Finance has facilitated over 12 million transactions, totaling a remarkable US$7.8 billion in transaction volume. With a user base surpassing three million and a vibrant community of over 700,000 users and enthusiasts, Orbiter Finance has firmly established itself as a leading player in the blockchain space.
Now, with the introduction of Vizing, Orbiter Finance is poised to empower users even further, advancing towards a future where connectivity, security, and scalability intersect to propel the blockchain ecosystem into new frontiers.
Website: https://www.orbiter.finance/
