๐๐ข๐ฃ๐ ๐๐๐ฉ๐ฌ๐ค๐ง๐ ๐ก๐๐ช๐ฃ๐๐๐๐จ '๐พ๐ค๐ง๐' ๐ข๐๐๐ฃ๐ฃ๐๐ฉ ๐ฉ๐ค ๐ช๐ฃ๐๐๐ฎ ๐๐ฉ๐๐๐ง๐๐ช๐ข'๐จ ๐๐ง๐๐๐ข๐๐ฃ๐ฉ๐๐ ๐ง๐ค๐ก๐ก๐ช๐ฅ ๐๐๐ค๐จ๐ฎ๐จ๐ฉ๐๐ข
Ethereum's scaling solution, Omni Network, launched its Omni Core mainnet on Tuesday. This system aims to unify the fragmented Ethereum Layer 2 ecosystem by serving as the base layer of the Omni Orderflow Engine. With $58 billion in total value locked (TVL) scattered across more than 40 networks, Omni seeks to empower users and developers to interact with Ethereum seamlessly.
Omni leverages "restaking," the reuse of staked assets like ETH to secure multiple blockchain networks, to enhance cross-chain interoperability. Launched in 2023, Omni aims to reduce transaction costs and simplify interactions between different Layer 2 solutions.
Omni Core includes a cross-chain messaging protocol and a custom Ethereum Virtual Machine (EVM) to streamline cross-rollup interactions. At launch, it supports interoperability with Ethereum's base chain and major Layer 2s like Arbitrum, Base, and Optimism.
The open-source Octane framework, combining EVM functionality with Cosmos's CometBFT consensus engine, underpins Omni. The team raised $18 million from investors like Pantera Capital and Jump Crypto last year.