According to Odaily Planet Daily, DefiLlama data shows that the cross-chain interoperability protocol Owlto Finance has completed more than 110,000 cross-chain transactions in the past 24 hours, ranking first with a market share of 25%.

In addition, the top five cross-chain protocols and their market shares in terms of the number of cross-chain transactions in the past 24 hours are: IBC (13%), Orbiter Finance (12%), Across (11%), and Stargate (9%). The top five together account for more than 70% of the market share.

Last week, Owlto Finance announced that it had completed a new round of financing with a valuation of US$150 million, with participation from Matrixport, BIXIN Ventures, Presto and other institutions.