According to Odaily, data from DefiLlama reveals that the cross-chain interoperability protocol Owlto Finance has recorded over 110,000 cross-chain transactions in the past 24 hours, securing the top position with a market share of 25%. This significant activity highlights Owlto Finance's growing influence in the cross-chain transaction space.

In addition to Owlto Finance, the top five cross-chain protocols by transaction volume in the past 24 hours include IBC with a market share of 13%, Orbiter Finance at 12%, Across at 11%, and Stargate at 9%. Collectively, these five protocols account for over 70% of the market share, indicating a concentrated dominance in the cross-chain transaction market.

Last week, Owlto Finance announced on the X platform that it had completed a new round of financing at a valuation of $150 million. The funding round saw participation from notable institutions such as Matrixport, BIXIN Ventures, and Presto, underscoring the growing investor confidence in Owlto Finance's potential and future growth.