#India #Blockchain #Bengaluru #Testnet #Okto Platform

Okto Launches Revolutionary Chain Abstraction Solution

Okto has made headlines with the official launch of its Testnet, providing a full-fledged chain abstraction solution aimed at drastically transforming the blockchain interoperability landscape. This innovative platform is designed for developers, enabling the seamless development of decentralized applications (dApps), cross-chain transactions, and multi-chain innovations. With real-time connectivity, Okto bridges leading blockchain ecosystems, including all EVM chains, HyperLiquid, Aptos, and Solana, along with various Cosmos ecosystems.

The chain abstraction technology pioneered by Okto has already demonstrated remarkable success across various sectors, notably in gaming, social applications, and decentralized finance (DeFi). Notably, the Okto Wallet has facilitated the creation of over 12 million wallets, seamlessly integrated more than 50 protocols, and boasts compatibility with over 20 EVM and Alt-VM chains. Furthermore, Okto has recorded a staggering $1 billion in monthly recurring revenue.

Neeraj Khandelwal, co-founder of Okto and CoinDCX, stated, "We have been developing our chain abstraction technology for over two years, working closely with major blockchain networks to rigorously test cross-chain transactions, liquidity, and interoperability. The results have been exceptional. Okto's primary mission has always been to simplify the user experience, mirroring the simplicity and efficiency of Web2 through a single click. Now, we empower developers with the ability to integrate Web3 functionalities seamlessly into their applications, with unprecedented ease and efficiency."

The team behind Okto consists of high-caliber professionals who have collaborated with industry leaders such as Nethermind, Silence Laboratories, Across Protocol, and Agoric. By leveraging cutting-edge security technologies from EigenLayer and Polygon CDK, each partnership has injected essential expertise into Okto’s mission. As Rohit Jain, head of DeFi initiatives at Okto and CoinDCX, elaborates, their synergy with multiple collaborating networks has yielded invaluable feedback from developers, notably regarding the substantial reduction in development times—over 90%—thanks to Okto’s technology.

"Okto handles the bulk of the complexity inherent in Web3 within fragmented ecosystems, allowing developers to focus solely on their core products. This approach enables them to offer their end-users a seamless, single-click experience, enhancing overall engagement and satisfaction," Jain added.

As the blockchain space continues to evolve rapidly, Okto’s launch of the Testnet marks a critical milestone for developers, providing them with tools to create robust applications that meet the demands of modern users without the traditional hurdles associated with blockchain technology.

To experience the capabilities of Okto firsthand, developers can access the live Testnet through Okto’s Testnet site.