Summer

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/owlto-finance-achieves-significant-market-share-with-cross-chain-transactions/" data-wpel-link="internal">Owlto Finance Achieves Significant Market Share with Cross-Chain Transactions</a><br></p>
<p style="text-align: justify"><strong>Owlto Finance</strong> reached a 25% market share with over 110,000 cross-chain transactions in the last 24 hours. This success reflects the company’s robust infrastructure and expanding user base. Owlto Finance, valued at $150 million in its funding round, has made an impactful initial move.</p> 
<h2 style="text-align: justify" id="cross-chain-protocols-and-market-shares">Cross-Chain Protocols and Market Shares</h2> 
<p style="text-align: justify">On July 23, DefiLlama data highlighted leading cross-chain interoperability protocols based on transaction volumes in the last 24 hours. Owlto Finance emerged as the top protocol with a significant 25% market share and over 110,000 cross-chain transactions.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-373048 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/chain.png" alt="" width="1892" height="836"></p> 
<p style="text-align: justify">In addition to Owlto Finance, other leading protocols also showed notable market shares. IBC became the second most used cross-chain protocol with a 13% market share. Orbiter Finance followed closely with a 12% share, while Across held an 11% share. Stargate completed the top five with a 9% market share. These top five protocols dominated the cross-chain transaction environment, constituting over 70% of the total market share.</p> 
<h2 style="text-align: justify" id="the-importance-of-interoperability-in-blockchains">The Importance of Interoperability in Blockchains</h2> 
<p style="text-align: justify">The dominance of these protocols demonstrated the importance of cross-chain interoperability in the <strong>Blockchain</strong> ecosystem. As users and <a href="https://newslinker.co/category/mobile/" target="_blank" rel="noopener" data-wpel-link="exclude">applications</a> demand seamless interactions across different Blockchain networks, these protocols provide critical infrastructure to facilitate such transactions. High transaction volumes and significant market shares indicate strong and growing adoption of cross-chain solutions.</p> 
<p style="text-align: justify">Owlto Finance’s recent activities also contribute to its growth. Owlto Finance successfully completed a new funding round last week, achieving a $150 million valuation. This funding round included participation from significant <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> like Matrixport, showing the investment community’s confidence in Owlto Finance’s potential and strategic direction.</p> 
<h2 style="text-align: justify" id="upcoming-moves">Upcoming Moves</h2> 
<p style="text-align: justify">Strengthening its market presence, Owlto Finance launched the <strong>Owlmazing Summer</strong> airdrop points event. This month-long initiative aims to attract user interest and reward them, drawing more participants to the platform and increasing transaction volumes.</p> 
<p style="text-align: justify">Such events are strategically important for building a loyal user base and ensuring higher engagement.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/owlto-finance-achieves-significant-market-share-with-cross-chain-transactions/" data-wpel-link="internal">Owlto Finance Achieves Significant Market Share with Cross-Chain Transactions</a></h5>

Owlto Finance Achieves Significant Market Share with Cross-Chain Transactions

Table of Contents

COINTURK NEWS

Other articles published on Jul 23, 2024

CFX Perkuat Komitmen Pengembangan Pasar Kripto Indonesia, Ini Respons Bappebti

Donald Trump Presidential Campaign Is Now Adding More Hype to Bitcoin Than Ever Before

Bitcoin and Ethereum pairs affected as OKX enforces delisting criteria

Grayscale Ethereum Mini ETF Becomes Cheapest ETF With 0.15% Annual Fee

Rollblock and Cardano (ADA) Holders Anticipate Strong Price Rallies But Investors Unsure On Near ...

Top Five Latest Cryptocurrency Projects To Invest In 2024

Join our free newsletter for daily crypto updates!