Gate News Bot Message, January 16th, according to CoinMarketCap data, as of press time, OWL (Owlto Finance) is trading at $0.10, up 35.57% in the past 24 hours, with a high of $0.10 and a low of $0.04. The 24-hour trading volume reached $167 million. The current market capitalization is approximately $31.7 million, an increase of $8.31 million from yesterday.
Owlto Finance is a decentralized cross-chain bridging platform.
Important recent news about OWL:
1️⃣ Gate Perpetual Contract Launch Boosts Trading Activity
OWL officially launched perpetual contract trading on Gate on January 15th, supporting 1-20x leverage (USDT settlement). Simultaneously, Gate Perp DEX perpetual contracts were introduced. The platform also launched multiple derivative features including unified account lending, isolated margin trading pairs, YubiBao financial management, and both flexible and fixed-term collateralized loans, as well as copy trading, trading bots, instant swaps, and dollar-cost averaging tools. The simultaneous rollout of these features provides a rich array of trading options for OWL, significantly increasing liquidity and market participation, serving as a key catalyst for price appreciation.
2️⃣ Ecosystem Expansion and Multi-Chain Deployment Accelerates
OWL, as an AI-based interoperability protocol, now covers over 3 million users across more than 200 countries and regions, with a total trading volume exceeding 13 million transactions, demonstrating strong cross-chain application demand. The protocol aims to enable fast, low-cost, and secure cross-chain transfers and executions, enhancing liquidity of native tokens, stablecoins, and RWA across different ecosystems. The continuous growth in user base and application scenarios lays a solid foundation for the token’s long-term value.
3️⃣ Endorsement from Investment Institutions and Increased Market Recognition
OWL has received support from well-known investment firms such as Matrixport, Bixin Ventures, CEIC, Presto Labs, Skyland, Blocore, SNZ, among others, reflecting strong institutional confidence in the project’s prospects. This endorsement boosts market confidence and helps attract more professional capital participation.
This message is not investment advice. Please be aware of market volatility risks.
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