Binance will list Omni Network (OMNI) at 20:00 (ET) on April 17, 2024

What is Omni Network? Will it continue to take off like ENA or will it be like SAGA, a scam that traps everyone? Is OMNI worth rushing for as always?

Omni Network believes that the current Rollup solution in the Ethereum Layer2 track has solved the scalability problem of Ethereum, but different Rollups cannot interact with each other, resulting in liquidity being fragmented and divided in different L2 networks, which not only greatly reduces the user experience, but also makes Ethereum more divided than ever before.

Therefore, Omni Network is positioned as the "Ethereum interoperability infrastructure", aiming to provide interoperability for Rollup networks such as Optimism, Arbitrum, zkSync and Starkware, and become the core infrastructure for all Rollup networks and modular applications on Ethereum, to achieve a seamless and secure cross-Rollup user experience.

Tyler Tarsi, co-founder of Omni Network, once said that it combines the test components of Ethereum's re-staking protocol EigenLayer and Cosmos SDK to take into account the security of Ethereum and the speed and programmability of Cosmos.

Among them, Omni Network's solution is to make it easier for users to interact between different networks through fast and low-cost cross-Rollup communication between L2 networks:

When developers build applications based on Omni Network, they are not limited to a single Rollup, but can be seamlessly deployed in different execution environments; when users trade on protocols that integrate Omni, Omni validators will be responsible for transmitting messages from one Rollup to another, and then users can access all crypto assets distributed on different networks at the same time;

In addition, the development team behind Omni Network is blockchain development company Recursive (Rift). Recursive co-founder Austin King once founded the encrypted payment project Strata Labs, and in 2019 the project was acquired by Ripple's investment department Xpring.

Security provided by Ethereum

Interoperability often means fragile security. Nearly half of all funds stolen by DeFi hackers so far came from interoperability protocols (greater than $2.5 billion).

And the infrastructure provided by Omni Network through the Ethereum re-staking protocol EigenLayer can still get security from Ethereum itself while meeting interoperability needs:

Using ETH's restakers architecture to ensure fast settlement of Rollup, by layering on a programmable/stateful layer compatible with the EVM, developers can build applications that access state, transactions, users, and crypto assets from all Rollups.

Omni Network's validators also run both Ethereum nodes and integrated Rollup nodes.

Programmable interoperability layer

Compared to applications deployed on different networks that are isolated from each other, Omni Network's programmable interoperability will provide cross-Rollup applications with economic advantages through properties such as multi-Rollup liquidity aggregation.

By building a programmable interoperability layer, Omni will empower developers to create applications that are globally applicable by default without further increasing the complexity of developer operations.

At the same time, Omni Network ultimately hopes to enable use cases such as multi-Rollup stablecoins and other DeFi primitives to aggregate liquidity from different L2 Rollup networks.

The total supply is 100 million tokens, and only 3 million are airdropped. It has not yet been announced whether it will be fully circulated. Isn't full circulation a crazy rush below 3u? Worth looking forward to buying!

#大盘走势 #新币挖矿 #OMNI