𝙊𝙢𝙣𝙞 𝙉𝙚𝙩𝙬𝙤𝙧𝙠 𝙡𝙖𝙪𝙣𝙘𝙝𝙚𝙨 '𝘾𝙤𝙧𝙚' 𝙢𝙖𝙞𝙣𝙣𝙚𝙩 𝙩𝙤 𝙪𝙣𝙞𝙛𝙮 𝙀𝙩𝙝𝙚𝙧𝙚𝙪𝙢'𝙨 𝙛𝙧𝙖𝙜𝙢𝙚𝙣𝙩𝙚𝙙 𝙧𝙤𝙡𝙡𝙪𝙥 𝙚𝙘𝙤𝙨𝙮𝙨𝙩𝙚𝙢
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.