Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Leading with Vision: The Success of Owlto Under a Trailblazing Female Entrepreneur
41 views
The post Leading with Vision: The Success of Owlto Under a Trailblazing Female Entrepreneur appeared first on Coinpedia Fintech News
With the ever-increasing number of layer 2s launching every other day, the cryptocurrency sector continues to get more and more fragmented.
While these L2s aim to enhance the user experience by tackling the issue of scalability on the Ethereum network, their growing numbers have made it difficult to achieve seamless liquidity and created barriers for users and developers who must navigate different ecosystems and security models.
To address this pressing need for efficient cross-chain solutions, interoperability protocol Owlto launched a low-priced, easy-to-use, safe, and fast bridge to transfer assets across 40+ blockchains effortlessly within the BTC, ETH, and SOL ecosystems.
In the Web3 world, which is increasingly becoming multi-chain, a cross-chain bridge facilitates the transfer of assets from one blockchain to another. Such a decentralized application brings all the isolated ecosystems together and helps realize the full potential of a multi-chain ecosystem.
According to DeFi Llama, there is more than $800 million worth of total value locked in cross-chain bridges, which are currently handling over $2.4 bln in collective weekly volume.
Owlto here is the first cross-chain protocol to use AI agents to optimize product experience and enhance the user experience by simplifying complex blockchain logic to help them make more informed decisions.
This advanced bridge is the brainchild of Krystal zhang, a first-time female entrepreneur. In just a year, she has built the leading cross-chain bridge as per trading volume, that too, with limited funds. This marks a great achievement not just for Owlto but for the entire crypto sector, which is a male-dominated market.
Women in crypto make up only about one-third of investors in the U.S. despite being more than half of crypto-curious individuals.
Each passing year, as more women become aware of digital asset opportunities, the number of female investors in crypto has been on the rise. The rate of women’s crypto ownership has surged from just 18% a year ago to 29% at the beginning of this year.
While crypto is the combination of finance and technology, two sectors dominated by men, it doesn’t have the barriers that the traditional world of finance has. More importantly, it’s the knowledge, skill, and drive that matters and thrives here.
So, taking advantage of crypto’s meritocracy, Krystal entered the sector to lead a project that aims to make it easy for users to move value and generate wealth, representing a great female role model for women looking to join the crypto space and capture lucrative opportunities.
“My experience demonstrates that in the world of Web3, boundaries related to experience, age, gender, or professional background are irrelevant. Web3 is a burgeoning field where we are all pioneers, shaping the future as we go,” said Krystal.
Pioneering Cross-Chain Connectivity with Female Leadership
Under the leadership of Krystal, Owlto has achieved the top spot as a cross-chain bridge on DefiLlama within just one year of its launch, capturing a 25% market share.
This great feat was achieved in part by Krystal’s educational and professional background in finance. She graduated from CUHK Business School with a Master of Accounting degree, and her work experience involves the ‘Big Four’ PwC, which has its own blockchain Lab and provides crypto services, and one of the leading crypto exchanges, Huobi.
Besides her credentials, Krystal’s dedication, ambition, and resilience helped Owlto climb the ladder of success. Before starting the project, she took upon the task of researching the market about the feasibility of the cross-chain bridge sector, which she found to be in dire need of a solution to connect all the siloed networks.
Her research began in 2021 when DeFi exploded, and with that, dApps across L1, L2, L3, and application-specific blockchains, each with their own approach to security and trust. Over the past few years, this trend further intensified and today, there are thousands of blockchains competing for capital and user attention.
While this proliferation of L2 has been the result of a shift in focus from technological innovation to building robust ecosystems, user funds are now distributed and stretched across various chains, leading to a growing demand for cross-chain transactions.
“I often liken blockchain networks to department stores, with dApps as products and chain events as promotional activities. When there is only one department store, users can meet their needs in one place. But as more stores emerge, offering unique products and promotions at different times, consumers will shop around, necessitating cross-store navigation,” noted Krystal.
This led to the launch of Owlto Finance in early 2023, when the sector was still in its infancy. With a goal to tackle the issues of slow transaction speeds, high fees, and inadequate customer service, Owlto began seeking professional technical and product partners.
“A good cross-chain bridge should provide quick and cost-effective access to the most profitable opportunities,” explained Krystal.
Now, to turn this idea into a reality, the project sought funding. But instead of pursuing large-scale funding, Krystal chose to go the route of angel investment and secured a modest amount from a few trusted friends. In crypto, where projects are notorious for raising huge funding from large backers in exchange for tokens sold at a hefty market discount, which are later dumped on the project users, Krystal’s approach has been a breath of fresh air.
This approach had its benefits for Owlto, too, as Krystal noted, “Looking back, not seeking additional funds during the bear market allowed us to preserve a larger equity stake, which proved advantageous when the market eventually rebounded.”
On top of that, the project kept its operational costs low, which allowed it to maintain “a vital sense of urgency and drive.”
Then, equipped with a solid idea, market study, competitive assessments, and Krystal’s leadership, Owlto began its journey by supporting popular networks like Linea, Base, Zora, Scroll, Blast, and Zeta Chain. For these additions, Owlto developed a unique evaluation system that allowed it to integrate new mainnets quickly and seamlessly.
In addition, Owlto Finance invested significantly in customer service, employing six representatives across different time zones to ensure prompt responses to user inquiries. Given crypto’s lack of focus on customer experience and support, this has helped Owlto stand out in the sea of broken bridges.
But of course, to survive in crypto, one must capture the market’s attention. And to accomplish this, Owlto focused on creating a strong brand identity. The owl in Owlto was chosen for this very purpose: to convey the brand’s friendliness and trustworthiness.
A layer of incentivization was then added to the Owlto to encourage users to interact with the protocol. With a points and invitation system, Owlto users earn points by inviting friends and performing cross-chain transactions, which act as key criteria for airdrops.
This wasn’t just in name only, Owlto has distributed more than $200,000 in incentives just this year alone. The idea is to have Owlto supporters and users “share in the success and benefits that Owlto achieves,” said Krystal.
Btc
Bitcoin
$62.547
price
price
0.84959%
price change
Now, with the support of its strong community and Krystal spearheading the advanced technical capabilities and growth of the cross-chain bridge, Owlto is all set to take the crypto space forward.
Previous
Are Meme Coins Back? DOGE and SHIB Prep A Breakout Rally
Next
Monitok, a Hybrid Exchange, Secures €420,000 in Pre-Seed Funding
Written by
Crypto News
@cryptonews
15945 posts
More author posts
Bitcoin Price Holds Above $63,000 — Here’s The Next Critical Resistance Level
The Bitcoin price has been relatively quiet in October, but things seem to be looking up after the premier cryptocurrency broke the $63,000 mark on Saturday, October 12. However, the crypto has to scale a major resistance level if the current bull run is to get back on track. $64,000 The Resistance Level To Watch: Analyst In a Quicktake post on CryptoQuant, an analyst with the pseudonym ShayanBTC has put forward an interesting prognosis for the Bitcoin price in the…
8 months ago
Analyst Forecasts XRP Bullish Breakout – A 1,000% Opportunity?
XRP is currently testing a crucial resistance level that will shape its price action in the coming weeks. After the euphoria surrounding the Federal Reserve’s interest rate cuts in late September, the market is experiencing uncertainty and anxiety. While some investors remain optimistic, the recent price movements of XRP have led to a sense of caution. Top crypto analyst Amonyx has shared insights into the potential for an unexpected XRP rally. In his analysis, he suggests that the altcoin might…
8 months ago
Analyst Sets $2.50 Target For SUI Following 30% Weekly Gain – Details
Sui (SUI) has been one of the most popular crypto assets of 2024, with notably high market gains and drastic price losses over the year. The altcoin is currently moving sideways following a recent price rally in the last week. As usual, these consolidative movements draw much speculation on the token’s next price action. SUI To Record ATH At $2.50, Analyst Says In an X post on Saturday, market analyst Michaël van de Poppe dropped a new price target for…
8 months ago
Active Dogecoin Addresses Reach Highest Level In 8 Months – Is DOGE About To Rally?
Dogecoin is currently in a consolidation phase following days of sharp volatility and wild price swings. Since the start of October, the meme coin has been trading within a tight sideways range, leaving some investors concerned about whether the anticipated rally for DOGE will ever materialize. The uncertainty in the market has heightened fears that Dogecoin’s price might stagnate further, as bullish momentum seems to have cooled off. However, new data from Santiment offers a glimmer of hope for DOGE…
8 months ago
Forget Dogecoin (DOGE), This New Crypto Will Make DOGE’s 2021 Rally Look Like a Joke
Trends are cyclical and while a few digital coins appeal to the general populace a little more than others, others fade away. Keeping in mind the latest trends, cryptocurrencies such as Dogecoin (DOGE) gained much popularity due to the social media ‘hype’ among clients and endorsements from celebrities, and in the year 2021, it reached its actual deep growth and surprising shots. Nevertheless, with the advancements in the crypto space, there is a new challenger ready and that can do…
8 months ago
This New Cheap Token Under $0.10 Is Set to Make Early Investors Rich, Just Like NEIRO Did Last Month
The field of cryptocurrency is one of the best business opportunities which are expanding rapidly today. So, one of the keys to earning good returns is the ability to concentrate on the area that is about to offer some very attractive investment prospects. All those investors who came to NEIRO last month got the benefit of this increase, changing their reasonable investments to good profits. Now, there is another crypto that is ready to serve similar purposes: Rexas Finance (RXS).…
8 months ago
Publish your own article
Guest post article. Guaranteed publishing with just a few clicks
START PUBLISHING ADVERTISE WITH USBrowse categories
Explore trending topics in the crypto community right now.
Bitcoin
SEC Greenlights Multiple Bitcoin ETFs, Signaling Major Leap for Cryptocurrency Markets
The U.S. Securities and Exchange Commission (SEC) has made a landmark decision by approving 11 spot bitcoin exchange-traded funds (ETFs). This move represents a significant moment in the cryptocurrency industry, marking a shift towards greater institutional adoption and accessibility for investors. The approved ETFs include products from major firms such as BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust, ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETP Trust, WisdomTree Bitcoin Fund, Fidelity Wise Origin Bitcoin Trust, VanEck Bitcoin Trust, Invesco Galaxy Bitcoin…
Marius Bogdan Dinu 
@bdinu89
@bdinu89
1 year ago 
597 views
Bitcoin Should be Banned in the United States: Charlie Munger
Berkshire Hathaway’s vice chairman, Charlie Munger, called for a ban on cryptocurrency in the United States on Monday, similar to the one in China. In an op-ed published with the Wall Street Journal, Munger argued that Bitcoin isn’t a currency, commodity, or security, but simply a form of gambling “ with a nearly 100% edge for the house. As such, the enactment of a federal law should ban such things from happening. Munger cited the Chinese communist party’s ban on…
2 years ago 1.5 k views
Tesla’s BTC Positions Remained Unchanged in Q4 of 2022
According to a new earning report from automotive manufacturer Tesla, the company did not sell any of its BTC holdings in the fourth quarter of 2022. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. Tesla Maintains Holdings After Initial Sell-Off In Q2 of 2022, Tesla opted to sell 75% of all its BTC. The car manufacturer received close to $950M in exchange. Notably,…
2 years ago 1.5 k views
Here’s When Grayscale Debates the SEC in Court on its Bitcoin Spot ETF
The District of Columbia Court of Appeals has marked a date for when Grayscale and the Securities and Exchange Commission (SEC) may present oral arguments regarding the approval of a Bitcoin spot ETF. Each side will present its case at 9:30 am ET on March 7, with the SEC arguing against the product, and Grayscale arguing in favor. Grayscale VS SEC The court date – revealed in a court order filed on Monday according to CNBC – is much earlier…
2 years ago 1.8 k views
Ethereum
Ethereum’s Zhejiang Staking Withdrawal Testnet for Shanghai is Live
At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…
2 years ago 1.6 k views
Ethereum Devs Disagree Over Technical Tweak as Shanghai Upgrade Nears
Post-merge Ethereum users have been eagerly awaiting the commencement of the network’s next major upgrade, Shanghai. However, after over 3 months of prep time, it appears the Shanghai rollout isn’t going as smoothly as expected. What Exactly is the Shanghai Upgrade? In September last year, the much-publicized Ethereum Merge also known as the Ethereum 2.0 upgrade went live. Ethereum underwent some significant changes as its consensus mechanism transitioned from proof-of-work to a cost-efficient proof-of-stake system. However, since the Beacon launch…
2 years ago 1.6 k views
FTX Hacker Converts 50k Stolen ETH to BTC
Per a report from blockchain analysis firm Chainalysis, the attacker behind the Nov 11 FTX exploit, is converting the stolen ETH to Bitcoin. There were muted fears the seemingly inexperienced perpetrator could dump all its ETH holdings. On Sunday, the attacker dumped 50k ETH on-chain, with ETH's price dipping by almost 7%. https://twitter.com/chainalysis/status/1594349583416840199?s=20&t=pgvQHeVytI20eKQ1ls9bxw Hacker Moves 50,000 ETH to New Address Over the past week, the perpetrator had been steadily swapping the cryptocurrencies they had carted off for Ether tokens. This…
3 years ago 1.9 k views
Censorship Concerns: 51% of Ethereum Blocks Now OFAC Compliant
According to new data, over half of the blocks on the Ethereum network now reportedly comply with the US Treasury OFAC’s standards. This comes roughly a month after the platform’s monumental merge update. Phasing Out Tornado Cash The Office of Foreign Assets Control is the intelligence and enforcement agency of the US Treasury Department. Indeed, the OFAC administers and enforces US financial sanctions. A prime example of this is the recent, highly-publicized ban on crypto mixer Tornado Cash. According to…
3 years ago 1.8 k views
Trading
How to Leverage Arbitrage Opportunities in Crypto Markets
Cryptocurrency arbitrage has become an increasingly popular investment strategy as the crypto market grows and evolves. Arbitrage involves taking advantage of pricing discrepancies between markets or exchanges to profit. Investors can leverage profit opportunities by understanding cryptocurrency arbitrage while managing associated risks. In this guide, we'll explore cryptocurrency arbitrage and how it works. A Bitcoin-related example will help us illustrate the concepts of this strategy. What is Arbitrage and How Does it Work in Crypto Markets Crypto arbitrage trading is…
2 years ago 3 k views
The Different Types of Copy Trading in Crypto
Are you interested in trading cryptocurrencies but feel intimidated by the complexity of the process? Copy trading is a great way to get into crypto without needing to be an experienced trader. With copy trading, investors can benefit from the experience and knowledge of more experienced traders, allowing even beginners to succeed. How does copy trading work, and which tips do you need to know to succeed? In this article, we'll explore all aspects of copy trading in crypto. What…
2 years ago 1.7 k views
How to Spot an Unsafe Crypto Exchange
Cryptocurrency exchanges have become increasingly popular as they provide a platform for people to buy and sell digital assets. Unfortunately, not all crypto exchanges are safe or reliable. With the rise of cybercrime and fraud, you must learn to spot an unsafe crypto exchange before investing your money. This guide will help beginners identify and avoid potential risks when selecting a cryptocurrency exchange. The Role of Crypto Exchanges on the Digital Assets Market Cryptocurrency exchanges play a crucial role in…
2 years ago 2.2 k views
What Is Grid Trading in Crypto?
Crypto grid trading has become a popular strategy because of its ability to help traders capitalize on market volatility. Grid trading means you can produce consistent profits by taking advantage of price differences in different markets or time frames. By establishing buy and sell orders at predetermined intervals, you can take advantage of these fluctuations in an automated way. This guide will explore the different aspects of grid trading and provide an overview of its benefits, challenges, and more. Through…
2 years ago 1.6 k views
Tech
Introducing una Messenger: A Paradigm Shift in Blockchain Connectivity
The digital landscape is set for an unprecedented transformation with the introduction of una Messenger, the latest innovation from web3 development powerhouse Wemade. This platform represents an evolution of the "PAPYRUS Messenger," serving as the cornerstone of the ambitious "unagi" initiative, aimed at catalyzing the mass adoption of blockchain technology. The "Unbound Networking & Accelerating Growth Initiative" seeks to bridge the divides between diverse blockchain services and networks, heralding a new era of interconnectedness. A New Frontier in Blockchain Communication…
Marius Bogdan Dinu
@bdinu89
@bdinu89
1 year ago 574 views
Bit2Me Champions WEMIX Token in Pioneering European Listing
Bit2Me, Spain's premier virtual asset exchange, has recently broadened the horizons for cryptocurrency enthusiasts by listing WEMIX, the cornerstone token of the WEMIX3.0 blockchain ecosystem. This marks a notable achievement as WEMIX's inaugural venture into the European market, emphasizing the token's role in facilitating a range of blockchain-based activities, from gaming transactions to decentralized finance (DeFi) applications. Launched with the intention to democratize access to WEMIX for the 450 million Spanish speakers around the globe, this strategic move aligns with…
Marius Bogdan Dinu
@bdinu89
@bdinu89
1 year ago 404 views
CryptoVirally Expands with Fresh Crypto Marketing Offers and Cointelegraph Upgrades
In an exciting update for the cryptocurrency marketing landscape, CryptoVirally has announced a series of new entries and enhancements to its already comprehensive range of services. These updates, aimed at providing tailored marketing solutions for crypto projects, include new limited-time offers and expanded options for Cointelegraph publications. Limited Offers: A Game-Changer in Crypto Marketing CryptoVirally's limited offers section presents an enticing opportunity for crypto projects to leverage high-impact marketing services at discounted rates. These offers, available for a limited period,…
Marius Bogdan Dinu
@bdinu89
@bdinu89
1 year ago 465 views
Breaking Boundaries in Blockchain: WEMIX’s ‘una Wallet’ Sets New Standard for Multi-Chain Asset Management
The WEMIX Foundation has unveiled 'una Wallet,' a revolutionary digital wallet designed to offer unparalleled convenience and security in managing digital assets across various blockchain networks. The announcement, made on January 17, 2024, signifies a new era in the seamless integration of multiple blockchain protocols, including Arbitrum, Avalanche, BNB Smart Chain, Ethereum, Kroma, Optimism, Polygon, and WEMIX3.0. 'una Wallet' is more than just a digital wallet; it represents the culmination of WEMIX's innovative efforts in the blockchain space. It serves…
Marius Bogdan Dinu
@bdinu89
@bdinu89
1 year ago 592 views