Orbiter Finance to Build a Hub Integrating All Chains

Ethereum-based cross-chain bridge project Orbiter Finance (hereafter referred to as Orbiter) announced on the 15th that it will continue its technological development and adoption this year to achieve the goal of 'All Chains, One Hub.'

Now in its fourth year since launch, Orbiter was introduced to solve Ethereum's chronic interoperability issues. It supports more efficient data and virtual asset transfers between Ethereum Layer 2 (L2) chains through Zero-Knowledge Proofs (ZK).

Last year, it achieved a 60% market share in the cross-chain bridge market and surpassed a total transaction volume of $18 billion, drawing attention from investors.

"Preparing Large-Scale Adoption in Industry... AI Agent Compatibility Too"

As the first Ethereum-based zero-knowledge bridge, Orbiter adopted zero-knowledge proofs early to enhance transaction security and enable fast asset movement across various blockchain networks.

Previously, Orbiter also announced the development of a zero-knowledge-based omni-rollup infrastructure. The plan is to connect multiple rollups on the Ethereum network into one, further improving the cross-chain experience for users.

Furthermore, it expressed its intention to work harder this year to create a future where all chains are connected through innovative technology adoption. In particular, it plans to prepare specific measures for large-scale adoption of cross-chain bridges in the industry.

Iris Cheung, co-founder of Orbiter, stated, "Our goal is described as 'All Chains, One Hub,' and we will continue to introduce innovative technology to set a new standard in the cross-chain bridge market."

She continued, "There is sufficient demand to use efficient bridges, and now we aim to build a coordination layer and global account model for large-scale adoption in the industry." This will maximize compatibility not only for users but also with AI agents, which have recently gained interest.

"Opaque Revenue Data, But Clear Achievements"

Generally, in the blockchain field, all data is transparently disclosed. However, in the case of Orbiter, there is criticism that revenue data is not clearly available on decentralized finance (DeFi) analysis platforms like DeFiLlama.

In response, Orbiter emphasized that this is due to the technical characteristics that emerged during the process of building an efficient cross-chain bridge, and urged attention to other growth indicators.

An Orbiter representative stated, "The centralized liquidity provider (LP) mechanism, off-chain acceleration technology, and zero-knowledge verification adopted to build an efficient cross-chain bridge make it difficult to verify revenue data," adding, "The technology introduced to improve user experience has made revenue data unclear."

He added, "Instead, asset transfers are six times faster than existing cross-chain bridges, leading to an increase in active users and revenue growth."

Currently, Orbiter has over 4.3 million active users in more than 100 countries worldwide. Additionally, as of last year, cumulative revenue exceeded 20,000 ETH, ranking first in revenue in the cross-chain bridge sector.

An Orbiter representative stated, "Orbiter is showing impressive achievements in the cross-chain bridge sector," and urged, "Please pay attention to our future endeavors."

Son Min, Bloomingbit Reporter sonmin@bloomingbit.io