Orbiter Finance has experienced a remarkable increase of over 50% in the last 24 hours, with trading activity surpassing $108 million—a rise of 87%—following the announcement of its listing on Bithumb.
Today, Orbiter Finance (OBT) has surged by 75%. The key driver appears to be the recent announcement from Bithumb regarding the listing of the OBT/KRW trading pair, which was made approximately five hours ago. This news propelled the price from nearly $0.018 to an all-time high of $0.032. However, the price has since corrected by almost 6% from its peak and is currently trading at about $0.027, as reported by Coinmarketcap.
The announcement from Bithumb coincided with the protocol’s release of bridging statistics on March 12, revealing that users had completed a total of 728,488 transactions to transfer assets across various blockchains via the Orbiter Testnet, with 101,478 distinct participants.
OBT debuted on January 20 and initially saw a downward trend, hitting its lowest point in mid-February. However, since late February, the price has been on a gradual rise, continuing through March. With today’s spike, the price has successfully surpassed the resistance level of $0.018 – $0.020, where it had been consolidating for about two weeks.
Overview and Tokenomics of Orbiter Finance
Orbiter Finance is a decentralized cross-rollup bridge created to enable the transfer of digital assets among Ethereum’s Layer 2 networks, utilizing zero-knowledge proof technology. The protocol, which was launched three years ago, has processed more than $28 billion to date.
The OBT token, which serves governance and staking purposes, was launched on Ethereum (ETH), Arbitrum (ARB), and Base (BASE) in January 2025, featuring a total supply of 10 billion OBT. The distribution of OBT tokens allocates 40% to the community via airdrops and incentives, starting with an initial 22% airdrop to Orbiter users alongside monthly distributions. Additionally, 20% is committed to ecosystem development and partnerships, 15% supports the Orbiter Foundation’s objectives, another 15% is designated for the team and contributors, and 10% is allocated for early investors from the seed and Series A funding rounds, including prominent VCs such as OKX Ventures, Lemniscap, Mirana Ventures, Amber Group, and Dialectic.
Initial token unlocks occurred at the Token Generation Event (TGE) on January 20 to reward early adopters and participants in the Orbiter ecosystem. Specifically, 22% of the community allocation was distributed right away to eligible users, with an additional 3% set to be distributed monthly over the next six months.
Following that, the first linear unlock for community airdrops took place from March 3 to March 10, releasing 3% of the community allocation, which amounts to 120 million OBT tokens. The next scheduled unlock will occur on March 20, during which the protocol will release 350 million tokens (3.5% of total supply).