{"id":27539,"date":"2024-08-24T15:00:21","date_gmt":"2024-08-24T12:00:21","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27539"},"modified":"2024-08-24T09:23:33","modified_gmt":"2024-08-24T06:23:33","slug":"orbiter-finance-decentralized-cross-chain-layer-2-protocol-generates-20000-eth-annual-revenue","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/orbiter-finance-decentralized-cross-chain-layer-2-protocol-generates-20000-eth-annual-revenue\/","title":{"rendered":"Orbiter Finance, Decentralized Cross-Chain Layer 2 Protocol Generates 20,000 ETH Annual Revenue"},"content":{"rendered":"<p>Orbiter Finance announced that it generated 20,000 ETH in revenue last year as its decentralized cross-chain Layer 2 protocol. This performance shows that Orbiter Finance has achieved great success with its cross-chain bridge protocol and has surpassed the total revenues of other third-party bridges in the industry.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/orbiter-finance-decentralized-cross-chain-layer-2-protocol-generates-20000-eth-annual-revenue\/#Orbiter_Finances_Prominent_Performance\" title=\"Orbiter Finance\u2019s Prominent Performance\">Orbiter Finance\u2019s Prominent Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/orbiter-finance-decentralized-cross-chain-layer-2-protocol-generates-20000-eth-annual-revenue\/#Orbiter_Finances_Future_Plans\" title=\"Orbiter Finance&#8217;s Future Plans\">Orbiter Finance&#8217;s Future Plans<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Orbiter_Finances_Prominent_Performance\"><\/span>Orbiter Finance\u2019s Prominent Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Orbiter Finance has processed over 24 million transactions in the last year, with a total transaction volume exceeding $16 billion. The revenue generated by the company allows it to stand out as the most profitable cross-chain bridge protocol in the industry. This revenue engine, known as the Maker system and previously operating as a centralized liquidity provider, is cited as one of the main reasons for Orbiter Finance\u2019s high profitability.<\/p>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/dbs-bank-launches-blockchain-based-government-grants-pilot\/\">DBS Bank Launches Blockchain-Based Government Grants Pilot<\/a><\/em><\/p>\n<p>These revenue figures set Orbiter Finance apart from its competitors. For example, another major cross-chain bridge protocol called Base generated $39.075 million in revenue during the same period. However, Orbiter Finance\u2019s high revenues reflect its competitive advantage and growing influence in the DeFi (decentralized finance) space. Orbiter Bridge increases the efficiency of cross-chaining between various L2s and the ETH mainnet by overcoming the limitations of traditional bridges, such as speed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Orbiter_Finances_Future_Plans\"><\/span>Orbiter Finance&#8217;s Future Plans<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Orbiter Finance is preparing to launch Vizing, a zk-based omni-rollup infrastructure in the future. This new infrastructure aims to solve liquidity fragmentation and improve interoperability between Ethereum rollups. Vizing will further improve the protocol\u2019s scalability and user experience by offering features such as a unified wallet system and bulk liquidity.<\/p>\n<p>\u201cWe have a vision to create an omnichain future, and seamless cross-chain bridging is the first step to achieving this goal,\u201d Orbiter Finance co-founder Iris Cheung said in an interview with Coingape. Cheung emphasized that Orbiter Finance provides instant bridging, unlike Layer 2 transfers that other bridges like Arbitrum, Optimism, and ZKsync Lite have a 7-day waiting period. He noted that this \u201cTrend-Driven\u201d strategy was extremely effective as they entered the market at a time when the potential of Ethereum L2s was not believed.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Orbiter Finance announced that it generated 20,000 ETH in revenue last year as its decentralized cross-chain Layer 2 protocol. This performance shows that Orbiter Finance has achieved great success with its cross-chain bridge protocol and has surpassed the total revenues of other third-party bridges in the industry. Orbiter Finance\u2019s Prominent Performance Orbiter Finance has processed<\/p>\n","protected":false},"author":6,"featured_media":27540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[3325,8125,8124,8123],"class_list":["post-27539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-orbiter-finance","tag-orbiter-finance-eth","tag-orbiter-finance-ethereum","tag-orbiter-finance-income"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Orbiter Finance, Decentralized Cross-Chain Layer 2 Protocol Generates 20,000 ETH Annual Revenue - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/orbiter-finance-decentralized-cross-chain-layer-2-protocol-generates-20000-eth-annual-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orbiter Finance, Decentralized Cross-Chain Layer 2 Protocol Generates 20,000 ETH Annual Revenue - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Orbiter Finance announced that it generated 20,000 ETH in revenue last year as its decentralized cross-chain Layer 2 protocol. 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