what's Orchid Protocol?

Orchid Protocol is a blockchain-based decentralized VPN (dVPN) and bandwidth marketplace operating as an Ethereum Virtual Machine (EVM) Layer 2 solution. It enables users to purchase internet bandwidth from a global network of providers using probabilistic nanopayments settled via its native OXT token, ensuring privacy without reliance on centralized VPN services. The protocol features Orchid Nano, a lightweight app that aggregates multiple bandwidth providers for fast, censorship-resistant access. As a Decentralized Physical Infrastructure Network (DePIN), it extends to marketplaces for AI compute, storage, and bandwidth, allowing direct peer-to-peer transactions through smart contracts.

Binance extended its Monitoring Tag to Orchid Protocol (OXT).