TL;DR
1) Owlto completes 90% of cross-chain transactions in under 30 seconds, holds a CertiK AA security rating, supports over 70 networks, and serves more than 2.6 million users.
2) Owlto offers Owlto Bridge-as-a-Service (OBaaS), helping new projects solve liquidity challenges. It currently supports cross-chain transfers of both native and non-native assets across 45 networks.
3) Owlto pioneered a cross-chain protocol that combines AI with intent-based execution, automatically recommending optimal routes to reduce user complexity and improve efficiency.
4) Users can earn points through five methods: bridging assets, completing tasks, referring users, daily check-ins, and weekly bridging. These points increase eligibility for potential airdrops.
5) By interacting with emerging projects via Owlto, users earn Owlto points while also gaining exposure to possible future airdrops from those projects.
The efficiency and security of cross-chain asset transfers have become top priorities for users navigating the multi-chain blockchain ecosystem. In this highly competitive market, Owlto Finance has quickly emerged as a leading cross-chain bridge. Despite being founded just two years ago, it has gained recognition for its impressive speed, completing 90% of cross-chain transactions in under 30 seconds, and its strong security foundation.
1. What is Owlto Finance?
Owlto Finance is a decentralized cross-rollup bridge focused on Layer 2s, offering low-cost, secure, and fast asset transfer solutions. Founded in June 2023, Owlto has quickly expanded its global reach, attracting over 2.6 million users across more than 200 countries and regions. The protocol has integrated with over 70 networks across ecosystems including BTC, ETH, and SOL, formed partnerships with more than 100 projects, processed over 13 million transactions, accumulated more than 11 million daily check-ins, and facilitated over 29 million smart contract interactions.
In August 2024, Owlto Finance completed an $8 million strategic funding round co-led by Bixin Ventures and CE Innovation Capital, with participation from Presto, Hailstone Labs, and Skyland Ventures.
In July 2024, Owlto Finance announced the completion of another funding round, bringing its valuation to $150 million. This round included participation from Matrixport and other institutional investors.
2. Core Advantages of Owlto Finance
2.1 Fast Cross-Chain Transactions
Owlto enables over 90% of cross-chain transactions to be completed within 30 seconds, significantly faster than Wormhole’s 16 minutes or Polyhedra’s 2 minutes. This high efficiency not only improves the user experience but also reduces time costs and transaction fees.
2.2 Robust Security
As cross-chain bridges involve large volumes of capital and high-value assets, they are frequent targets for hacking. According to SlowMist, there have been 45 publicly reported security incidents in the cross-chain bridge ecosystem, resulting in total losses exceeding $2 billion.
Owlto addresses these risks with a multi-layered security approach, including:
- Rigorous smart contract upgrade processes
- Real-time monitoring and anomaly detection
- A user fund protection mechanism
- Fully open-source smart contracts
- Multiple third-party security audits
Thanks to its robust security architecture and technical strength, Owlto has received an AA rating from the reputable security auditing firm CertiK, on par with projects like Solana and Optimism, making it one of the highest-rated protocols in the cross-chain bridge sector.
2.3 Modular Cross-Chain Design
Owlto applies modular design principles to cross-chain architecture, offering Owlto Bridge-as-a-Service (OBaaS) for omnichain Layer-2 networks. Through its modular cross-chain interoperability protocol, Owlto provides cross-chain services for both native and non-native assets across Layer-2 and Layer-1 ecosystems, including Bitcoin and Ethereum.
Networks that adopt Owlto’s bridge as a modular component can directly integrate OBaaS to natively support cross-chain transfers of assets such as LSTs and LRTs. These Layer-1 and Layer-2 networks no longer need to build official bridges or develop standalone protocols to support specific tokens. Owlto currently supports 45 networks, and by integrating OBaaS, new projects can effectively solve early-stage liquidity constraints and accelerate their growth.
2.4 AI-Driven Intent-Based Cross-Chain Innovation
Owlto is the first omnichain interoperability protocol to combine AI with intent-based interaction by introducing AI Agents to enable intent-driven cross-chain operations. Users do not need to understand complex cross-chain logic or perform risky, multi-step approvals and transactions. The AI Agent automatically recommends and generates the optimal cross-chain and transaction paths from a whitelist, enabling seamless, zero-barrier cross-chain activity.
This AI intent-based interaction not only improves the user experience but also enhances trading efficiency and returns by helping users identify the shortest trade routes for DeFi execution and arbitrage. Top-tier venture firm Paradigm has named “intents” its number one trend to watch, with some developers even calling it the future of Web3.
2.5 User-Friendly Design
Owlto features a clean and intuitive user interface that makes cross-chain operations accessible for both beginners and crypto-native users. Key usability highlights include:
- Automatic Wallet Guidance: Users don’t need to manually add networks to their wallet; the platform automatically guides them to the correct network.
- Transaction Transparency: The cross-chain interface clearly displays transaction fees and estimated time for completion.
- Detailed Confirmation Info: Includes destination network fees, destination chain ID, total transfer amount, and the exact amount the recipient will receive.
- Transfer Status Tracking: Offers a dedicated page to track the status of cross-chain transfers and access historical transaction records.
- All-in-One Airdrop Tools: Integrates multiple airdrop discovery tools to help users quickly find and claim airdrop opportunities.
3. Owlto Finance’s Points System and Airdrop Opportunities
The Owlto Points Program is a key incentive system designed to reward loyal users and contributors, including those who use Owlto’s bridging services, refer others, or complete platform tasks. Users earn points based on their level of engagement and contribution, with different tiers receiving varying point amounts. These points serve as proof of value creation within the Owlto ecosystem.
3.1 Purpose of Owlto Points
Owlto Points serve as an important credential for contributors and loyal users. They also represent a key metric of community participation and engagement. Users who hold Owlto Points will be eligible for potential airdrop rewards.
3.2 How to Earn Owlto Points
According to Owlto Finance’s official documentation, users can earn points through the following five methods:
1) Bridging Assets: Complete cross-chain transactions via Owlto to earn base points. The number of points earned varies depending on the destination network. As your total number of completed transactions increases, you can also receive a points multiplier, up to 1.5 times.
2) Completing Tasks: On the Owlto official site, users can complete specific bridging tasks. In addition to regular base points, you’ll receive bonus points tied to those tasks.
3) Referring New Users: Generate a personal referral link on the Rewards page of Owlto’s official site. When someone you invite earns points, you’ll automatically receive 10% of their earned points as a referral bonus.
4) Daily Check-In: Earn 2 points per day by checking in. If you also complete a bridging transaction on the same day, your check-in reward increases 5 times, giving you 10 points total for that day.
5) Weekly Bridging: Each Monday, a new tracking cycle begins. Every day during the week, you can earn 20 base points. Additional bonus points are awarded based on the number of cross-chain transactions completed within the same week.
3.3 Owlto Airdrop Opportunities and Dual Rewards
Owlto has not yet launched its native token, but by actively participating in platform activities and accumulating points, users can increase their chances of qualifying for future airdrop rewards. In addition, Owlto supports many emerging networks that have yet to issue their own tokens. By interacting with these networks through Owlto, users not only earn Owlto Points but also gain exposure to potential future airdrops from those projects, maximizing the opportunity for dual rewards.
4. Owlto Finance’s Technical Architecture
At the heart of Owlto Finance is its cross-chain communication mechanism, which facilitates seamless interaction between Layer-2 networks and the Ethereum mainnet. The technical architecture is composed of the following components:
1) Cross-Chain Communication Mechanism: Owlto leverages rollup technology to bundle and process multiple transactions before submitting them to Ethereum for final verification. This significantly reduces the data load on the Ethereum mainnet, resulting in faster execution and lower transaction costs.
2) Two-Way Lock-and-Mint Mechanism: Assets can be locked on either a rollup network or the Ethereum mainnet and subsequently unlocked on the corresponding network. Smart contracts hold these assets until the unlock process is verified, ensuring the secure transfer of funds across chains.
3) Hybrid Transaction Processing: Owlto supports both small and large-scale transactions with a flexible, secure infrastructure:
- Small Transactions: Utilize a combination of liquidity solutions and entry/locking smart contracts to enable fast and efficient processing.
- Large Transactions: Integrated with Circle’s CCTP and Chainlink’s CCIP, providing enhanced security and decentralization for high-value transfers.
4) Security Mechanisms: Owlto’s multi-layered security design includes:
- Fraud-Proof Mechanism: Allows users to submit fraud proofs to the system to detect and prevent invalid or malicious transactions.
- Signature Verification: Ensures that only asset owners can authorize transactions, protecting against unauthorized access.
- Settlement Network: Built on EigenLayer’s restaking and Ethereum’s proof-of-stake consensus, reinforcing protocol security and decentralization.
5. How to Use Owlto Finance
Owlto Finance offers a simple and intuitive cross-chain transaction process:
1) Connect Your Wallet: Begin by connecting your wallet. Owlto supports transfers between Ethereum and Layer-2 networks such as Arbitrum One, Optimism, and ZKsync Era, as well as Bitcoin Layer-2 networks and other chains like Solana.
2) Select Networks: Choose your source and destination networks for the transfer. On the Cross-Rollup page, you’ll see estimated transaction fees and processing time.
3) Confirm the Transfer: A confirmation screen will display detailed transaction information, including destination network fees, network codes, total transfer amount, and the final amount the recipient address will receive. After verifying the details, confirm and initiate the transfer.
4) Track Transaction Status: Once the Rollup transfer is submitted, you can monitor its progress on the Cross-Rollup transaction status page. After the transaction is confirmed as successful or still processing, you can return to the main interface and start another transfer if needed.
5) View Transaction History: Owlto provides a Cross-Rollup transaction history page where users can view all past transfers, including timestamps, amounts, and the networks involved.
6. Conclusion
Owlto Finance has rapidly emerged as a leader in the cross-chain bridge sector, thanks to its ultra-fast transaction speeds, outstanding security, modular architecture, and AI-powered intent-based operations. By focusing on real user needs and optimizing the cross-chain experience, Owlto not only addresses efficiency challenges but also opens up diverse opportunities for users to earn rewards and engage with new ecosystems.
As a universal cross-chain solution, Owlto Finance is designed to facilitate seamless asset transfers between different blockchains, ensuring fast, reliable, and cost-efficient transactions while maintaining the safety and integrity of users’ original assets. As the broader blockchain ecosystem continues to evolve, Owlto’s innovative technology and user-centric design are well-positioned to lead the future of cross-chain infrastructure, delivering a more secure and accessible experience for users worldwide.
Disclaimer: This material does not constitute advice on investments, taxes, legal matters, finance, accounting, consulting, or any other related services, nor is it a recommendation to buy, sell, or hold any assets. MEXC Learn provides information for reference only and does not constitute investment advice. Please ensure you fully understand the risks involved and invest cautiously. All investment decisions and outcomes are the sole responsibility of the user.
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