The new ATH on Bithumb, which saw a price increase of 60% to 0.033 after its launch on OBT, is a bright spot in the currently sluggish market. But for Orbiter, a cross chain bridge that crosses two rounds of seasonal bull bear TGE, the current market pricing does not bring a particularly sense of achievement, as it also has a higher wild hope - a full chain interoperability layer. The full chain interoperability layer defined by Orbiter and the current "popular Crispy fried chicken" chain abstract DEX UniversalX have some overlap in concept and technology stack, but there are many differences between the two. The most significant point is that the chain abstraction DEX UniversalX relies on the Solver network for full chain asset interoperability, while Orbiter's full chain interoperability layer relies on Vizing, the ZK full chain Infra. The Vizing protocol is named after mathematician Vadim Georgievich Vizing, whose contribution in the field of graph theory (Vizing theorem) laid the foundation for ZK technology. Compared with ordinary ZK cross chain bridges, the Vizing protocol has three major features: full compatibility with Ethereum's Type-1 zkEVM environment, Omni native account abstraction, and aggregated ZK proofs. With the above features, the Vizing protocol not only supports cross chain asset transfer and state communication, allowing users to use a single account on multiple chains, but also supports full chain asset issuance and full chain AMM. There are currently two full chain applications based on Vizing, one is the full chain meme coin launch and trading platform Likwid, and the other is the full chain game AI Agent framework and game intelligent wingman ARAI. To be frank, building a full chain interoperability layer is more difficult than chain abstraction DEX, requiring more resources, funds, and manpower. Orbiter has launched a $1 million Grant program to incubate more full chain applications based on the Vizing protocol. Of course, if you are a Crypto realist who dislikes narrative economics and prefers to value cryptocurrency projects using real income and cash flow discounts, then Orbiter's fundamentals are not bad either. The most impressive aspect of Orbiter's fundamentals is that it has achieved over 70% of industry profits while holding a market share of 30-40%. Compared with the industry average of 0.06% for cross chain bridge handling fees, Orbiter's Gas Fee Prepaid model is more in line with the requirements of on chain Degen for cross chain bridge speed, and its Maker mechanism enables Orbiter to obtain long-term stable income cash flow. Why does Orbiter use Gas Fee Prepaid mode? There are three reasons: 🟨 Cost advantage: For large transactions, the fixed gas prepayment model significantly reduces user costs, forming the Matthew effect - high-value transactions are concentrated towards Orbiter; 🟨 Speed differentiation: The prepaid gas mechanism enables Orbiter to confirm cross chain transactions faster than its competitors, which is crucial in scenarios such as DeFi arbitrage and MEV capture; 🟨 Secondary pricing mechanism: The Maker network forms an internal competition mechanism that enables Orbiter to dynamically optimize gas pricing between different chains, a microeconomic model that is difficult to replicate by other cross chain bridges. The Maker mechanism of Orbiter utilizes market games to generate positive externalities, and the cleverness of this design lies in: 🟨 Liquidity stratification: Maker adopts a stratification system, determining access permission levels and fee allocation ratios based on the provided liquidity scale, stability, and duration; 🟨 Network effects and economies of scale: As the number of supported chains increases, the value of the Maker network grows exponentially (in accordance with Metcalfe's law), while the marginal cost increases linearly, creating a strong competitive moat; 🟨 (3,3) Game board: The Maker mechanism includes incentive and punishment structures, which make the cost of wrongdoing much higher than the benefits, and liquidity providers can adjust their strategies autonomously according to market dynamics. In the future, Orbiter will open up Maker as a "cash cow", where everyone can earn cross chain fees without permission by providing liquidity on the chain, which will strengthen Orbiter's network effect and consolidate its market position. In addition, Orbiter has started to break through itself this year, no longer limited to Vitalik's positioning as the minimum trusted cross chain bridge (using the Ethereum mainnet as the settlement layer for Rollup/Ethereum<>Rollup/Ethereum interoperability between the Ethereum ecosystem Rollup). At the beginning of the year, Orbiter only supported 19 Ethereum ecosystem Layer 2. Now Orbiter supports cross chain transactions for 42 chains, including Solana, TON, and multiple BTC Layer 2 networks. Due to the strong positive correlation between the revenue growth of cross chain bridges and the product of "number of chains x number of users x transaction frequency", this will be beneficial for Orbiter to initiate the second curve of revenue growth. What is valuable is that as an OG project that travels through a bull bear cycle, the Orbiter team still maintains a sense of hunger, building new narratives, actively developing, and proactively giving benefits to the community. So, in the current cryptocurrency secondary market, Orbiter is a neglected gem, and it is really difficult to find a target like Orbiter that combines new narrative, cash flow, and growth space among the same period's new coins. above.