With 20,000 ETH of revenue, Orbiter Finance, the decentralized layer2 cross-chain protocol, surged ahead to become a leader among cross-chain protocols last year. The protocol outperformed other third-party cross-chain bridges in terms of profitability processing over 24 million transactions with a total volume that exceeds $16 billion.
X user Wolftradecrypto took in X post: “Decentralized Cross Chain Layer 2 Protocol Orbiter Finance Reports 20,000 ETH in Annual Revenue.”
Orbiter Finance earned equivalent to $52.7 million that is way higher compared to its cross-chain protocol competitor Base’s earnings of $39.075 million in the same year. This marks Orbiter’s increasing dominance driven by its popularity among DeFi users. Orbiter’s progress can be attributed to its effort on improving speed and cross-chain efficiency between L2 networks and the Ethereum mainnet.
Additionally, a key factor contributing to Orbit’s financial leap forward is strategic use of Maker System. Unlike traditional centralized liquidity providers, the Maker System offers Orbiter a u unique advantage interms of efficiency and profitability.
Orbiter’s commitment to innovation extends beyond its financial performance. The protocol’s ability to provide instant cross-chain bridging, without the lengthy waiting periods imposed by other protocols, has been a game-changer. This “Trend-Driven” strategy has enabled Orbiter Finance to capitalize on the growing demand for Ethereum Layer 2 solutions, positioning it as a preferred choice for users seeking efficient and convenient cross-chain transactions.
Looking ahead, Orbiter Finance is set to make major progress with the upcoming release of its zk-based omni-rollup system, Vizing. This new solution is designed to improve the blockchain experience by solving liquidity issues and boosting interoperability across Ethereum rollups. Vizing will also bring new features, including a unified wallet system and combined liquidity, enhancing the protocol’s scalability and user
Orbiter’s success is attributed to its technological prowess with its strong financial foundation. The protocol has secured substantial funding from prominent investors, including Tiger Global, Mirana Ventures, and Skyland Ventures. This financial backing provides Orbiter with the resources necessary to continue its growth and development.
Orbiter Finance has emerged as a leading player in the cross-chain bridging space. Its exceptional financial performance, innovative approach, and strategic partnerships position it as a frontrunner in this rapidly evolving sector. As the demand for efficient and secure cross-chain solutions continues to rise, Orbiter’s ability to deliver on these requirements makes it a promising contender for future success.
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