Orbiter Finance price rallies 50% on Bithumb’s listing announcement

Orbiter Finance has increased by more than 50% in the last 24 hours, the negotiation volume 24 hours a day over $ 108 million, up 87%, supported by the announcement of the registration of Bithumb.

The finance of orbiters (OBT) has increased by 75% today. The main catalyst seems to be Bithumb announcement that he lists the OBT / KRW pair. The announcement dropped approximately 5 hours ago, propelling the price of approximately $ 0.018 to its $ 0.032 ATH. However, the price has since recovered nearly 6% of the ATH, a woman currently negotiating at $ 0.027, according to Coinmarketcap.

THE Bithumb The list announcement came to the heels of the protocol release His bridging statistics on March 12. According to this ad, users have so far made a total of 728,488 transactions to fill the assets between different blockchains using the orbit testnet, with 101,478 unique participants.

Get something spear On January 20, plunging into the downward trend after launch and reaching its lowest of all time in mid-February. However, from the end of February, the price started a regular rise, gradually increasing throughout March. Thanks to today’s overvoltage, the price finally broke out of the level of resistance to $ 0.018 – $ 0.020, where it has been consolidating for about two weeks.

Orbiter Finance Context and Tokenomics

The funding of orbitors is a decentralized cross bridge designed to facilitate transfers of digital assets between layer 2 networks of Ethereum, taking advantage of zero knowledge proof technology. The protocol was spear 3 years ago and has so far dealt with more than $ 28 billion.

The obtained token, which fulfills the functions of governance and cleansing, was spear On Ethereum (ETH), arbitrum (arb) and base (base) in January 2025 with 10 billion total offers. THE Distribution of tokens OB Allocates 40% to the community through airlines and incentives, with a 22% assessment of 22% to users of orbiters and subsequent monthly paratroopers. 20% are dedicated to the growth and partnerships of ecosystems, while 15% supports the vision of the Orbiter Foundation. 15% additional is allocated to the team and to the contributors. The remaining 10% is reserved for investors in the seed series and a financing tour, including Big-Name vc like Okx Ventures, Lemniscap, Mirana Ventures, Amber Group and Dialectic.

Initial unlocking took place In TGE on January 20 to reward early adopters and participants in the Orbiter financing ecosystem. More specifically, 22% of the community allowance was immediately distributed to eligible users, with an additional 3% planned for the monthly distribution in the following six months.

Then the first linear unlocking For the Community Airdrop, the obt was opened on March 3 and lasted until March 10, releasing 3% of the community allowance equivalent to 120 million OBT tokens. The following unlocking is dried For March 20, where the protocol will publish 350.00 meters (3.50% of the maximum power).