Business News Report Technology
April 11, 2024

Owlto Finance Integrates With Solana Network For Cross-Chain Fund Transfers, Unveils Solana Bridger NFT Airdrops For Community

In Brief

Owlto Finance integrated with Solana network enabling cross-chan transfers and rolled out support for the Solana CCTP function.  

Owlto Finance Integrates With Solana Network For Cross-Chain Fund Transfers, Unveils Solana Bridger NFT Airdrops For Community

Cross-chain interoperability protocol Owlto Finance announced its integration with the Solana network, enabling users to seamlessly transfer funds between the Solana network and over 20 blockchains accessible through the Owlto platform. Additionally, Owlto Finance has rolled out support for the Solana CCTP function, allowing users to transfer native USDC tokens on the Solana network.

To facilitate asset bridging, users are advised to choose USDC from the token list in the Owlto Finance platform and then select their Solana wallet in the “To” section to proceed. If necessary, users should connect an EVM wallet. After connecting, users can initiate the bridging process between Solana and the EVM network. It’s important to note that interactions within the Solana network may take up to one minute to complete.

Furthermore, coinciding with the announcement, Owlto Finance has introduced the Owlto Solana Bridger NFT. Holders of WIF, BOME, and Solana Mobile 2 are eligible to get non-fungible token (NFT) airdrops directly. Users can also earn NFT casting qualifications by engaging in Solana cross-chain activities on the Owlto Finance platform. Moreover, new users with Solana addresses will receive an extra activation bonus.

Keep track of cryptocurrency distributions in our Airdrops Calendar.

Owlto Finance Emerges as Leading Cross-Rollup Module on Ethereum Layer 2, Surpasses 1.5M Registered Addresses in 10 Months

Owlto Finance is a cross-rollup module built on the Ethereum Layer 2 rollup solution. The platform boasts notable strengths in performance, scalability, security, and user interface, addressing the challenges of scalability and transaction costs prevalent on the Ethereum mainnet. It offers high-performance, cost-effective, and reliable transaction processing, ensuring user-friendliness and compatibility. These attributes render Owlto Finance suitable for various applications within decentralized finance (DeFi), NFT markets, decentralized exchanges (DEX), cross-chain asset transfers, gaming, and the metaverse.

Currently, Owlto Finance enables seamless transfers of assets among various networks, including Arbitrum, Arbitrum Nova, Ethereum, StarkNet, StarkNet, zkSync, Polygon and Optimism.

The platform has observed substantial expansion, surpassing 1.5 million total addresses within a span of ten months, indicating a monthly growth rate exceeding 70%. In March, the project integrated with various blockchains, including Frax Finance, astar Network, zkLink Nova, and Injective EVM within the ETH ecosystem, as well as Merlin Chain and BEVM within the BTC ecosystem.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Lorenzo Protocol Partners With Bitlayer To Boost Growth And Engagement Within Both Ecosystems
Business News Report Technology
Lorenzo Protocol Partners With Bitlayer To Boost Growth And Engagement Within Both Ecosystems
May 21, 2024
Uniswap Founder Hayden Adams Highlights FIT21 Act’s Approach To CeFi And DeFi As US House Of Representatives Vote Nears
Business News Report Technology
Uniswap Founder Hayden Adams Highlights FIT21 Act’s Approach To CeFi And DeFi As US House Of Representatives Vote Nears
May 21, 2024
Ether ETF Applications Under Scrutiny: How SEC’s Upcoming Decision Could Shape the Future of Cryptocurrency Investments
Opinion Business Markets Software Technology
Ether ETF Applications Under Scrutiny: How SEC’s Upcoming Decision Could Shape the Future of Cryptocurrency Investments
May 21, 2024
Optopia Launches Its Mainnet, Inviting Users To Participate In Activities And Earn X-Point Rewards For Airdrop
News Report Technology
Optopia Launches Its Mainnet, Inviting Users To Participate In Activities And Earn X-Point Rewards For Airdrop
May 21, 2024