In the past 24 hours, Owlto Finance has exceeded 110,000 cross-chain transactions, achieving a market share of 25%

According to DefiLlama data, Owlto Finance was the top cross-chain protocol in terms of volume in the past 24 hours, with a market share of 25% and over 110,000 cross-chain transactions. In addition, the top five cross-chain protocols in terms of transaction count in the past 24 hours and their respective market shares were: IBC (13%), Orbiter Finance (12%), Across (11%), Stargate (9%). Together they accounted for more than 70% of the total market share.

As previously reported, Owlto Finance announced last week that it had completed a new round of financing at a valuation of $150 million with participation from Matrixport among others. It has now launched its Owlmazing Summer airdrop points event which will run for one month.