
The Whale Who Was Up $100 M: Why I’m Leaving HyperLiquid
Protocol Survived, Users Didn’t I just made a personal—and painful—decision: I will no longer trade on HyperLiquid. I’m not calling for a boycott; I’m simply following the drift of my own values. After clearing $95 M on HL—and crossing nine figures across venues—my P&L is still positive this year. But on 10 October I lost $62 M in a single liquidation cascade. That day showed me the industry has out-grown its “hope and prayer” risk architecture.What Actually Happened on 10·10Binance’s interna...

From Meta to Blockchain Rising Stars: The Rise of Sui and Aptos
In recent years, the cryptocurrency market has experienced explosive growth. The success of mainstream cryptocurrencies like Bitcoin and Ethereum has attracted widespread attention from global investors. Emerging projects continue to emerge, offering a variety of investment opportunities. Investors are attracted by their high potential for returns, while also being aware of the market's high volatility and risks. Sui and Aptos are two blockchain projects that have recently garnered significan...

When the “Infinite-Ammo” mNAV Flywheel Reverses: Hidden Sell-Side Risks in the Crypto-Treasury Narra…
Executive Summary Treasury-driven alt-coins have turbo-charged this bull run. Ethereum has risen from US$1 800 to US$4 700 (+160 %) as listed “mini-MSTRs” like SBET and BMNR relentlessly buy ETH. Solana, BNB and HYPE have spawned copy-cat treasuries of their own. But the same flywheel that lifts prices can spin backwards. WINT—once a BNB-treasury poster-child—was delisted by Nasdaq and fell 91 %. Lion Group just trimmed US$500 k of its own HYPE stack. If mNAV (market-to-NAV ratio) drops below...
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The Whale Who Was Up $100 M: Why I’m Leaving HyperLiquid
Protocol Survived, Users Didn’t I just made a personal—and painful—decision: I will no longer trade on HyperLiquid. I’m not calling for a boycott; I’m simply following the drift of my own values. After clearing $95 M on HL—and crossing nine figures across venues—my P&L is still positive this year. But on 10 October I lost $62 M in a single liquidation cascade. That day showed me the industry has out-grown its “hope and prayer” risk architecture.What Actually Happened on 10·10Binance’s interna...

From Meta to Blockchain Rising Stars: The Rise of Sui and Aptos
In recent years, the cryptocurrency market has experienced explosive growth. The success of mainstream cryptocurrencies like Bitcoin and Ethereum has attracted widespread attention from global investors. Emerging projects continue to emerge, offering a variety of investment opportunities. Investors are attracted by their high potential for returns, while also being aware of the market's high volatility and risks. Sui and Aptos are two blockchain projects that have recently garnered significan...

When the “Infinite-Ammo” mNAV Flywheel Reverses: Hidden Sell-Side Risks in the Crypto-Treasury Narra…
Executive Summary Treasury-driven alt-coins have turbo-charged this bull run. Ethereum has risen from US$1 800 to US$4 700 (+160 %) as listed “mini-MSTRs” like SBET and BMNR relentlessly buy ETH. Solana, BNB and HYPE have spawned copy-cat treasuries of their own. But the same flywheel that lifts prices can spin backwards. WINT—once a BNB-treasury poster-child—was delisted by Nasdaq and fell 91 %. Lion Group just trimmed US$500 k of its own HYPE stack. If mNAV (market-to-NAV ratio) drops below...
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Introduction to Orbiter Finance
Orbiter Finance is a decentralized cross-rollup bridge designed for transferring native Ethereum assets. Within Orbiter Finance, there are two key roles: Sender and Maker. When a Sender initiates a transfer, a Maker provides liquidity for it. Smart contracts ensure the security of this process. If the Maker's misconduct leads to a failed transfer, the Sender can initiate an arbitration request with the Maker's deposit to the contract and receive excess compensation.
Team of Orbiter Finance
Gavin: Founder of Orbiter Finance.
Russell: Co-founder of Orbiter Finance.
Iris: Co-founder of Orbiter Finance.
Keer: CSO of Orbiter, previously worked on growth at Crypto.com. He holds a bachelor's and a master's degree from the University of Victoria, Canada.
Eric: Member of the technical team at Orbiter Finance.
Funding of Orbiter Finance
Seed Round: On November 29, 2022, OrbiterFinance completed a $3.2 million seed round funded by several prominent investment firms.
Series A Round: In March 2023, OrbiterFinance completed a Series A round with an undisclosed amount, funded by OKX Ventures, Mask Network, Hash Global, and others. After these two funding rounds, OrbiterFinance's total valuation reached $240 million!
Core Advantages of Orbiter Finance
Innovative Project Concept: Orbiter Finance introduces a compelling approach to blockchain interoperability through its efficient and economical asset transfer system.
High Performance: The platform's performance allows for transfer speeds six times faster than traditional cross-chain bridges and is more cost-effective, enhancing user experience and satisfaction.
Strong Community Engagement: With a strong presence on social media platforms like Twitter and Discord, Orbiter Finance has cultivated a vibrant community, which is crucial for feedback and growth.
Large User Base: According to OKX, the bridge has attracted over 700,000 active users, demonstrating its widespread acceptance and trust in the crypto community.
Token Economics of Orbiter Finance
On January 17, 2025, the cross-chain protocol Orbiter Finance unveiled its OBT token economics, which will be launched on Ethereum, Arbitrum, and Base, with a total supply of 10 billion tokens and a circulating supply of 2.8 billion tokens (28%) at the time of the Token Generation Event (TGE).
Token Allocation:
40% for the community, with 22% distributed as an initial airdrop to Orbiter users, with eligible users receiving a 3% airdrop monthly for six months.
20% for ecosystem and growth, with 2.5% unlocking at TGE.
15% for the Orbiter Foundation, with 3.5% unlocking at TGE and the remainder vesting monthly over 23 months.
15% for the team and contributors.
10% for investors.
Additionally, on-chain governance will open in February 2025.
Future Development of Orbiter Finance
Launch of Orbiter Rollup: It enables users to complete transactions easily and transfer quickly and securely between various Layer 2 networks. Although the development of zero-knowledge proof schemes is challenging, Orbiter Finance's security is better compared to other projects in the same sector. Currently, Orbiter Finance has entered its second phase and will invest more effort in the design of algorithmic applications and cross-chain scaling solutions.
Infrastructure Layer: Orbiter Rollup will become an infrastructure layer for Ethereum and has entered the testing phase.
User Participation: With the impending token issuance of Orbiter Finance, it is bound to attract a large number of users to participate in ecosystem development.
Market Share: As a leader in the Layer 2 cross-chain bridge segment, Orbiter Finance's cross-chain bridge has captured a significant share of the cross-chain market, deserving our continued attention.
Introduction to Orbiter Finance
Orbiter Finance is a decentralized cross-rollup bridge designed for transferring native Ethereum assets. Within Orbiter Finance, there are two key roles: Sender and Maker. When a Sender initiates a transfer, a Maker provides liquidity for it. Smart contracts ensure the security of this process. If the Maker's misconduct leads to a failed transfer, the Sender can initiate an arbitration request with the Maker's deposit to the contract and receive excess compensation.
Team of Orbiter Finance
Gavin: Founder of Orbiter Finance.
Russell: Co-founder of Orbiter Finance.
Iris: Co-founder of Orbiter Finance.
Keer: CSO of Orbiter, previously worked on growth at Crypto.com. He holds a bachelor's and a master's degree from the University of Victoria, Canada.
Eric: Member of the technical team at Orbiter Finance.
Funding of Orbiter Finance
Seed Round: On November 29, 2022, OrbiterFinance completed a $3.2 million seed round funded by several prominent investment firms.
Series A Round: In March 2023, OrbiterFinance completed a Series A round with an undisclosed amount, funded by OKX Ventures, Mask Network, Hash Global, and others. After these two funding rounds, OrbiterFinance's total valuation reached $240 million!
Core Advantages of Orbiter Finance
Innovative Project Concept: Orbiter Finance introduces a compelling approach to blockchain interoperability through its efficient and economical asset transfer system.
High Performance: The platform's performance allows for transfer speeds six times faster than traditional cross-chain bridges and is more cost-effective, enhancing user experience and satisfaction.
Strong Community Engagement: With a strong presence on social media platforms like Twitter and Discord, Orbiter Finance has cultivated a vibrant community, which is crucial for feedback and growth.
Large User Base: According to OKX, the bridge has attracted over 700,000 active users, demonstrating its widespread acceptance and trust in the crypto community.
Token Economics of Orbiter Finance
On January 17, 2025, the cross-chain protocol Orbiter Finance unveiled its OBT token economics, which will be launched on Ethereum, Arbitrum, and Base, with a total supply of 10 billion tokens and a circulating supply of 2.8 billion tokens (28%) at the time of the Token Generation Event (TGE).
Token Allocation:
40% for the community, with 22% distributed as an initial airdrop to Orbiter users, with eligible users receiving a 3% airdrop monthly for six months.
20% for ecosystem and growth, with 2.5% unlocking at TGE.
15% for the Orbiter Foundation, with 3.5% unlocking at TGE and the remainder vesting monthly over 23 months.
15% for the team and contributors.
10% for investors.
Additionally, on-chain governance will open in February 2025.
Future Development of Orbiter Finance
Launch of Orbiter Rollup: It enables users to complete transactions easily and transfer quickly and securely between various Layer 2 networks. Although the development of zero-knowledge proof schemes is challenging, Orbiter Finance's security is better compared to other projects in the same sector. Currently, Orbiter Finance has entered its second phase and will invest more effort in the design of algorithmic applications and cross-chain scaling solutions.
Infrastructure Layer: Orbiter Rollup will become an infrastructure layer for Ethereum and has entered the testing phase.
User Participation: With the impending token issuance of Orbiter Finance, it is bound to attract a large number of users to participate in ecosystem development.
Market Share: As a leader in the Layer 2 cross-chain bridge segment, Orbiter Finance's cross-chain bridge has captured a significant share of the cross-chain market, deserving our continued attention.
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