Orbiter Finance: Official TGE on 20/01 - The Crosschain Trend Explosion 🛸
Orbiter Finance: Orbiter is the youth of many airdrop farmers. Known as a trusted crosschain bridge throughout the period of 2022 - 2024. Thanks to the use of ZK (Zero-Knowledge) technology, transaction fees are low, speeds are fast, and security is high. It helps users continuously circulate assets across Ethereum's Layer 2 networks.
After much anticipation, @Orbiter_Finance has officially scheduled the TGE for January 20th. There is a slight coincidence; January 20th is also the day Trump officially takes office. This shows that the Orbiter team has a clear timing to pave the way for the TGE schedule to go as smoothly as possible.
Highlights of the project:
- Capturing over 30% of the crosschain bridge market on L2 and holding 70% of the total profit across the bridge segment.
- Achieving 27 million transactions generating over 25 billion dollars in volume with a total user count of up to 4.2 million people.
- A bridge supporting over 42 networks including: Solana, TON, BTC L2 networks, and 19 other blockchains.
As of now, @Orbiter_Finance is one of the few projects that have existed throughout both the downtrend and uptrend phases because the project generates real revenue. The Maker mechanism of Orbiter helps maintain stable cash flow in the long term.
Valuation assessment of the project (FDV):
- Orbiter is one of the few bridges that builds a vision for the Interoperability Layer, so it needs to be valued higher compared to conventional crosschain bridges.
- Valuations of bridge projects will range around $200M - $750M. However, by applying ZK technology to enhance transaction efficiency (low fees), this is also one of the important factors to evaluate Orbiter as "superior" compared to other bridges.