Orbiter Finance team remains focused on product development, with no disclosed plans for token development.
The cross-chain interface provided by Orbiter Finance has garnered the interest of more than three million users who wish to exchange assets across various Layer-2 rollup networks.
Additionally, the protocol recently disclosed that OKX Ventures had made an undisclosed strategic investment.
The protocol now intends to supplement the L2 with Orbiter Rollup, a novel “meta-layer” powered by zero-knowledge proofs. (Although orbiter finance and orbiter chain share the same name, the latter was compromised earlier this month.)
The Orbiter team markets the Orbiter Rollup as a precursor to an “omni-connection” future. The team wrote in its announcement, “By merely clicking on the interface, users can transfer not only assets but also ALL data across ALL L2s.”
Token Development Status: Orbiter Finance’s Focus on User Experience
The protocol aims to establish Orbiter Rollup as the foundational layer by which all other L2s are accessed.
“In conclusion, we are confident that users will only require a single EVM-compatible account to effortlessly navigate the Ethereum ecosystem across the entire Layer 2 landscape.”
In competition with other ZK-powered L2 networks such as Manta, zkSync, and Polygon zkEVM, this protocol will operate.
The Orbiter team has not disclosed any intentions regarding the development of a token. “At this time, the orbiter finance team is primarily dedicated to product development and improving the user experience,” states the frequently asked questions section of its website.
