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-25-market-share-with-over-110000-cross-chain-transactions/" data-wpel-link="internal">Owlto Finance Achieves 25% Market Share with Over 110,000 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, which achieved a valuation of $150 million in its funding round, has made an impactful initial move in this regard.</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 the leading cross-chain interoperability protocols based on transaction volumes in the last 24 hours. Owlto Finance emerged as the top protocol with a significant market share of 25% 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, accounting for over 70% of the total market share.</p> 
<h2 style="text-align: justify" id="importance-of-interoperability-in-blockchains">Importance of Interoperability in Blockchains</h2> 
<p style="text-align: justify">The dominance of these protocols demonstrates 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 the 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 valuation of $150 million. This funding round included participation from major <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="new-initiatives-ahead">New Initiatives Ahead</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, reward them, and draw more participants to the platform, thereby increasing transaction volumes.</p> 
<p style="text-align: justify">Such events are strategically important for building a loyal user base and achieving 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-25-market-share-with-over-110000-cross-chain-transactions/" data-wpel-link="internal">Owlto Finance Achieves 25% Market Share with Over 110,000 Cross-Chain Transactions</a></h5>

Owlto Finance Achieves 25% Market Share with Over 110,000 Cross-Chain Transactions

Table of Contents

COINTURK NEWS

Other articles published on Jul 23, 2024

Bitcoin Faces Threat As Spot Ethereum ETF Debuts: Peter Schiff

$235M WazirX Exchange Hack Has Implications For India’s Crypto Industry

Just-In: OKX To Delist XRP, SHIB, ADA, & 27 Crypto In BTC and ETH Pairs

Swan Bitcoin Abandons IPO Plans: What Consequence Will This Have?

Litecoin vs. Stellar vs. WW3SHIBA: Who Will Emerge as the Top Contender in the Crypto Market?

New Pixelverse PIXFI Launchpool starts July 24th 2024

Join our free newsletter for daily crypto updates!