- The Orbiter Finance team is preparing to launch an L2 solution called Rollup.
- The network is being developed based on ZK-Rollups technology.
- Project representatives emphasize a high degree of compatibility.
The Orbiter Finance bridge team has announced that it is preparing to launch its own Layer 2 EVM-compatible solution called Rollup. The new project is built on the ZK-Rollups technology and emphasizes a high degree of compatibility. Users will be able to transfer assets and data between different L2 solutions. Orbiter Rollup aims to be a pioneering ZK-powered instant omni meta-layer, providing access to any second-level network for the Web3 community. The team is focused on creating the product and improving the user experience. Orbiter Finance has already established a significant presence in Ethereum L2 networks, processing 57% of total transactions in 2023, amounting to over 12 million transactions worth $7.8 billion. The launch date for the beta version of Orbiter Rollup and project partners will be announced soon. In related news, Frax Finance is set to launch its own Fraxtal L2 network in February 2024.