Okto Launches Groundbreaking Chain Abstraction Solution, Cutting Development Time by 90%

Okto Launches Its Revolutionary Platform on Testnet

Okto, the world's first comprehensive end-to-end chain abstraction solution, has officially launched its Testnet, promising developers a remarkable reduction in development time of up to 90%. This launch marks a pivotal moment in the realm of blockchain interoperability as the platform aims to redefine how decentralized applications (dApps) are developed and operated.

With Okto's advanced platform, developers are now provided with seamless cross-chain transaction capabilities, enhancing their ability to create innovative dApps across a wide range of blockchain networks, including EVM chains, HyperLiquid, Aptos, Solana, and Cosmos ecosystems. This new tool comes at a crucial time as companies continue to search for ways to integrate multiple blockchain technologies into their ecosystems.

The platform already boasts impressive metrics, including over 12 million wallets created and integration with more than 50 protocols, supporting more than 20 EVM and alternative virtual machine (Alt-VM) chains. Notably, Okto has recorded monthly recurring revenues exceeding $1 billion, showcasing its rapid growth and adoption in the market.

Neeraj Khandelwal, the co-founder of Okto and CoinDCX, expressed his excitement regarding the platform's capabilities, stating, “We have dedicated over two years to developing our chain abstraction technology, collaborating closely with leading blockchain networks to thoroughly test cross-chain transactions, liquidity, and interoperability. The results have been extraordinary. Okto simplifies the user experience, mirroring the simplicity and efficiency of Web2 with just one click.” He emphasized that developers can now integrate Web3 functionalities into their applications with unprecedented ease and efficiency.

Rohit Jain, Head of DeFi Initiatives at Okto and CoinDCX, weighed in on the collaborative efforts that have strengthened Okto’s offerings. He mentioned the strategic partnerships with industry leaders such as Nethermind, Silence Laboratories, and Agoric, all of whom have contributed valuable expertise to the development of the platform. The utilisation of cutting-edge security solutions from EigenLayer and Polygon CDK has further enhanced the integrity and reliability of the platform.

“The feedback from developers during our collaborations has underscored a significant reduction in development time — over 90%. Okto abstracts the complexity of Web3 within fragmented ecosystems, allowing developers to provide their end users with a smooth experience at the click of a mouse,” Jain added. This efficiency allows developers to focus on refining their core products while Okto manages the complex aspects of blockchain integration.

The launch of Okto’s Testnet is expected to not only empower developers but also foster a culture of innovation within the blockchain space. With its user-friendly platform and significant efficiency improvements, Okto is positioned to set new standards in Blockchain technology.

Stay tuned as Okto continues to evolve and introduce more groundbreaking features to enhance user experience and streamline blockchain development. You can access the Okto Testnet at testnet.okto.tech.