In a world where the dullness of finance is often only matched by its predictability, Orbiter Finance has decided to throw a Wilde party. The currency has soared over 50% in a mere day, with trading volumes reaching the giddy heights of $108 million—up a staggering 87%. This, of course, is all thanks to Bithumb’s rather belated realization that listing OBT/KRW might be a good idea.
The OBT token, a beacon of hope in a sea of digital despair, has surged 75% today. Bithumb’s announcement, which came like a bolt from the blue (or perhaps a tweet from the void), sent the price rocketing from a paltry $0.018 to a heady ATH of $.032. Alas, the world is never so kind, and the price has since taken a modest 6% dive, leaving OBT to float at $0.027, as reported by the ever-so-reliable Coinmarketcap.
Hot on the heels of their own bridging stats reveal, Bithumb’s listing announcement was as timely as a Victorian butler. Orbiter Finance’s Testnet has seen a grand total of 728,488 transactions, with 101,478 unique participants—proof that in the digital world, everyone wants to cross the bridge.
The Orbiter Testnet Madness is in full swing. One can almost hear the rustle of digital silk as users bridge assets with abandon.
Total bridging TX: 728,488
Unique users: 101,478Chain Spotlight: @monad_xyz
The party isn’t over yet. Don your digital top hats and join the last round! 🎩
— Orbiter Finance 🛸 (@Orbiter_Finance) March 12, 2025
OBT, launched amidst the snows of January, initially took a rather icy dive, reaching its nadir in mid-February. But like the phoenix from the ashes, or perhaps a dandy rising from his chaise longue, it began its ascent in late February, and now, thanks to today’s little leap, it has finally broken free from the chains of resistance at $0.018 – $0.020.
The Intricacies of Orbiter Finance and Its Token’s Dance
Orbiter Finance, a bridge between Layer 2 networks that would make even the great Isambard Kingdom Brunel proud, uses zero-knowledge proof technology to facilitate the movement of digital assets. Launched three years ago, it has processed over $28 billion—enough to make even the most jaded of financiers raise an eyebrow.
The OBT token, which governs and stakes with the grace of a ballerina, was introduced on Ethereum, Arbitrum, and Base in January 2025. With a total supply of 10 billion, it’s distributed with the precision of a seasoned socialite planning a dinner party. 40% to the community, 20% to growth, 15% to the foundation, and 15% to the team—leaving just enough for the investors who believe in fairy tales and happy endings.
The initial unlock at TGE was a grand feast for early adopters, distributing 22% of the community allocation to those who dared to dream. And now, with the first linear unlock behind us, we await the next with bated breath and a twirl of our digital moustaches.
On March 20th, the protocol will release 350.00M tokens—another 3.50% step in the grand dance of digital asset management.
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2025-03-14 14:05