Okto, a complete chain abstraction platform, is proud to announce the official launch of Okto Platform Testnet – the industry’s first complete end-to-end chain abstraction solution . This groundbreaking solution redefines the blockchain interoperability landscape through simplified decentralized application (dApp) development, cross-chain transactions, and multi-chain innovation. The platform enables seamless communication between a range of leading blockchain ecosystems, such as all EVM chains, HyperLiquid (HL), Aptos, Solana, and Cosmos chains/ecosystems.
Okto’s chain abstraction technology is already delivering impressive results, with success stories across gaming, social, and DeFi applications demonstrating its efficiency and transformational potential. The Okto Wallet has created over 12 million wallets and integrated over 50 protocols. It supports over 20 EVM and Alt-VM chains. Okto has already generated $1 billion in monthly recurring revenue.
Neeraj Khandelwal , Co-Founder of Okto & CoinDCX, said: “We have been developing our Chain Abstraction technology for over two years, working closely with prominent blockchain networks to rigorously test cross-chain transactions, liquidity, and interoperability. The results have been extraordinary. Okto’s primary goal has always been to simplify the user experience and ensure it mirrors the simplicity and efficiency of Web2 with just a single click. We are now giving developers the ability to seamlessly integrate Web3 functionalities into their applications with unprecedented ease and efficiency.”
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Rohit Jain , Head of DeFi Initiatives at Okto and CoinDCX, said: “We’ve built a world-class team and collaborated with industry leaders like Nethermind, Silence Laboratories, Across Protocol, and Agoric. Leveraging EigenLayer’s advanced security and Polygon CDK, each partnership has added essential expertise to our mission. Today, we’re at a pivotal moment with the launch of the Okto Platform Testnet.”
“ While working with multiple networks to build the Okto platform together, the number one feedback from developers has been the significant reduction in development time by over 90%. Okto does the heavy lifting of abstracting Web3 complexities across fragmented ecosystems and enables developers to deliver a frictionless, single-click experience to their end users. This allows developers to focus on their core product.”
Source: PRNewswire
