CandleFocus

Okto Wallet teams up with AggLayer to help cross-chain transactions

Author: Content Editor
The crypto wallet provider Okto has announced a partnership with AggLayer, a cross-chain settlement solution developed with Polygon Labs. The integration of AggLayer into the Okto Wallet will simplify users' interactions with different blockchain networks, making decentralized finance (DeFi) more accessible without requiring technical knowledge. The AggLayer solution enables blockchain networks to communicate and interact, addressing the challenge of chain interoperability in DeFi. With the integration, Okto Wallet users can conduct transactions across multiple blockchain networks through a single interface, streamlining the experience. Okto is also introducing a Chain Abstraction Stack, including the Okto App Chain, to help developers create decentralized applications without extensive blockchain expertise. By simplifying the complexity of blockchain, Okto aims to expand the DeFi ecosystem and potentially reach a wider audience. The partnership with AggLayer is a step towards "chain abstraction," concealing the technical differences between blockchains to enable seamless user interactions with DeFi and potentially making it more accessible to millions of users.

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