Owlto — The First Half of 2024 Recap

We recently celebrated our one-year anniversary since launching the mainnet on June 9th, 2023. 1 year later, after overcoming numerous challenges along the way, what we’ve accomplished has been truly remarkable, especially during the first half of 2024. Now, it is time to reflect on our achievements and galvanize the spirit of our vibrant community!

The Timeline & Milestone of the first half of 2024

Jan:

• Reached over 600K users; achieved 220K followers on Owlto’s Twitter account; hit more than 2M daily check-ins during January.
• Started to embrace BTC ecosystem and integrated BTC L2s.
• Integrated with Circle’s CCTP for large amount transactions.

Feb:

• Expanded bridging services for users across 150+ different countries/religions; achieved an average of 80k+ DAU.

Mar:

• Surpassed 1.5M total addresses within 10 months, with a monthly growth rate exceeding 70%.
• Expanded the payment options to include USDC/USDT alongside ETH for bridging fees.

Apr:

• Reached global users in over 200 countries/religions.
• Ranked №1 bridge for BTC ecosystem with 1.5M+ bridging transactions completed.
• Integrated with Solana ecosystem.
• Developed new tools: Multi-address bridging & L2 Tracker
• Joined Dubai Token 2049 and HK Web3 Festival

May:

• Raised $8M in strategic funding.
• Earned an “AA” rating from CertiK.
• Released $125k for Phase 2 Referral Commission claiming
• Exhibited at Bitcoin Asia 2024 conference and co-hosted 3 side events

Jun:

• Ranked as the №1 bridge on DefiLlama based on 24hr number of transactions, while the highest transaction amount reached nearly 80k!
• Upgraded Owlto Points Program and announced the first snapshot in Q3.
• Reached 300k Owltors on Twitter and became the most trending dApp on OKX Web3.
• Joined GMVN2024 and sponsored GM Vietnam’s official side event The Limitless Future.

What is Owlto Finance?

Owlto Finance is an intent-centric interoperability protocol, “Bridge the World with AI Agent”. Owlto provides seamless cross-chain bridging services, enabling users to transfer assets across 45+ various blockchains effortlessly within the BTC, ETH, and SOL ecosystems.

Owlto's Product Overview:

Since 2023, Owlto has emerged as one of the fastest-growing bridges, with nearly 2 million users in 200+ countries/regions. In the BTC ecosystem, it has been ranked as the №1 omnichain interoperability protocol with over 1.5M transactions. In the ETH ecosystem, it ranks TOP3 on DefiLlama based on 24hrs number of transactions. Due to its features of being “Safe, Fast, Low-priced and Easy-to-use”, it has been highly recommended by over 100 well-known partners like Linea, Base, BEVM, BSquared, Binance Web3 Wallet, Trust Wallet, OKX Web3 Wallet, zkSync Era, Scroll, Starknet, Kroma, imToken, Bitget Wallet, Chainlink, iZUMi, etc.

Owlto’s Distinctive Competitive Advantages

Owlto Finance has 4 features: Safe, Fast, Low-priced and Easy-to-use. Below is the illustration of how the features make Owlto differentiate with its competitors and be the most popular bridge in the Web3 world.

Safe

Security is our top priority. We safeguard users’ assets 24/7 with mechanisms include strict smart contract upgrades, real-time monitoring, anomaly detection, and user fund protection implementations. With our robust security measures and technical expertise, we have achieved an AA rating from the reputable Web3 auditor CertiK. This rating places Owlto among the highest-rated projects in the cross-chain bridge category, on par with Solana and Optimism.

Fast

Owlto Finance stands out in providing high bridging speed cross chains. Past data shows that over 90% of cross-chain transactions are completed within 30 seconds. Owlto excels and outperforms both official bridges, which can take several days, and other third-party bridges, which typically take minutes to tens of minutes. This remarkable speed is achieved as we developed our protocol, which generates precise and effective block proofs of the sending network’s information, which are then mapped to the receiving network for verification. Upon successful verification, it triggers asynchronous asset transfers from the sending network, thereby completing the entire cross-chain process. Our fast bridging service enables users to explore the DeFi world with the best experience and the highest efficiency.

Low-priced

Our fees consist of two components: Bridge Fee and Destination TX Cost. The Bridge Fee is charged at a rate of 0.05%, but Owlto platform offers discounts that waive this fee for most transactions. On the other hand, the Destination TX Cost is used to cover the gas cost for sending assets to the destination network. We are one of the tier-1 bridges that offer the lowest fees, especially when bridging with less mainstream networks like BOB, Mint, Linea, and others.

Easy-to-use

We listen to our community, value Owltors’ opinions, and that’s why we make our products easy-to-use. Owlto’s user interface has undergone multiple revisions, resulting in a clean, intuitive, and user-friendly design. Additionally, we have developed several innovative tools, such as the L2 Tracker and Smart Contract Deployment Tool, all aimed at helping users explore the Web3 world more conveniently.

Twitter：https://x.com/Owlto_Finance

Website：https://owlto.finance/