One interoperability-focused protocol that has seen its price skyrocket has been Quant. This project was designed to help multiple companies integrate and leverage DLT or Distributed Ledger technology. It has since emerged that interoperability between blockchain networks has become one of the most important concepts in the cryptocurrency ecosystem. Indeed, most users have been looking for much more cost effective ways that would help transfer values throughout the ecosystem.
Quant flipped its third-quarter price
According to data received from TradingView and Cointelegraph Markets pro, Quant was noticed to climb higher after falling to a low of $ 178 on September 1, where QNT’s price rose 117% to finish at 387. $ September 1st. September 6.
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This certainly led to an increase in transaction volume of $ 740 million over a 24 hour period. Unsurprisingly, there have been several reasons for this price increase for QNT – which includes the upgrade of its protocol – Overledger 2.0.5.
One of the reasons for Quant’s impressive growth has been the release of Overledger 2.0.5, which is the DLT gateway for the protocol to do business. It also offers universal interoperability between different protocols while allowing users to go through any system or DLT. As mentioned by QNT, the publication of this protocol marks a very important point in the development of a unique bridge that would connect corporate and institutional ecosystems with DeFi, stablecoins, NFT and ERC721.
Quant has also achieved impressive growth with its launch of the Quant Developer program which has been able to attract new developers to join the system of this protocol.
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