By - Okto Platform Live On Testnet: Pioneering blockchain adoption by the masses via a chain abstracted embedded wallet, simplifying dApp development, and enabling seamless cross-chain transactions across major networks like HyperLiquid, Aptos, Solana, and EVM.
- Mainnet Launch & Token Generation Event (TGE) on the Horizon: Okto’s native token is a utility token that is by the different participants of the network to provide crypto economic security to the chain/platform. In addition it is also used as a governance token and will be used to empower, reward, and incentivize builders and drive network growth and adoption.
- Real world adoption with 12M wallets, and $1B monthly run rate volumes: Okto platform has found product market fit across three use cases – gaming apps, social apps and DeFi apps. More than 30 partners have integrated and are in the process of integrating the Okto platform. Through these 30+ platforms,12M+ wallets have been created, $1B monthly volumes flowing through the platform across multiple ecosystems (Polygon, Aptos, Hyperliquid, Solana, Avalanche)
Bengaluru, February 20, 2025 – Okto, a powerful chain abstraction platform, is thrilled to announce the official launch of Okto Platform Testnet (https://explorer.okto-testnet.zeeve.online/) – the industry’s first Complete and end-to-end chain abstraction solution. This groundbreaking platform is being meticulously engineered to eliminate chain complexity and unlock the true potential of Web3 for everyone. This groundbreaking solution is set to redefine the landscape of blockchain interoperability by simplifying decentralized application (dApp) development, cross-chain transactions, and multi-chain innovation. The platform enables seamless communication across a range of leading blockchain ecosystems such as all EVM chains, HyperLiquid (HL), Aptos, Solana, and Cosmos chains/ecosystems.
Okto’s chain abstraction technology is already delivering impressive results, with real-world success stories across gaming, social and DeFi applications that showcase its efficiency and transformative potential. The Okto Wallet, powered by this groundbreaking technology, has facilitated the creation of over 12 million wallets, integrated more than 50 protocols, and supports over 20 EVM and Alt-VM chains. With $1 billion in Monthly Recurring Revenue (MRR), Okto isn’t just making an impact—it has already started reshaping the future of blockchain. The testnet launch represents a pivotal moment in its journey, as we continue to push toward full decentralization and community-driven governance, further solidifying Okto’s position as a game-changer in the blockchain industry.
A Major Milestone for Web3 and Decentralization
Neeraj Khandelwal, Co-Founder of Okto & CoinDCX, shared his thoughts on this milestone: “We have been developing our Chain Abstraction technology for over two years, collaborating closely with prominent blockchain networks like HyperLiquid, Aptos, Solana, and EVMs to rigorously test cross-chain transactions, liquidity, and interoperability. The results have been exceptional. Okto’s core mission has always been to simplify the user experience, ensuring it mirrors the simplicity and efficiency of Web2 with just a single click. This is exactly what Okto has delivered.”
Neeraj further emphasized, “The decentralization and tokenization features that Web3 offers have already gained significant traction globally, opening up trillions of dollars in new economic opportunities across industries. We are now empowering developers with the ability to seamlessly integrate Web3 functionalities into their applications, enabling them to bring their groundbreaking ideas to life with unprecedented ease and efficiency. In the gaming sector, for example, partners like Stan (on Aptos), Chaincode (on Polygon) and Catoff (on Solana) have integrated Web3 via Okto Chain to integrate web3 rails in their customer journeys while giving web2-like single click experiences.”
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Mainnet Launch & Token Generation Event (TGE) Announcement
In addition to the successful testnet launch, Okto is gearing up for its highly anticipated Mainnet Launch, with a Token Generation Event (TGE) planned in the coming months. This marks the next big leap toward mainstream adoption, as Okto’s native token will be integrated into the platform to facilitate governance, staking, and incentivize network growth. The TGE is set to be a pivotal event for Okto’s ecosystem, bringing even more liquidity and real-world utility to the platform.
Key Features of the Okto Platform:
- Multi-Network Integration: Okto’s platform seamlessly connects Hyperliquid, Aptos, Solana, and EVM networks—abstracting blockchain complexity from embedded wallets to seamless cross-chain interactions.
- Engineered for Scale: Endorsed by industry-leading names and trusted by major protocols, Okto delivers one of the most powerful chain abstraction solutions available.
- Decentralized & Transparent: Our wallet infrastructure, powered by EigenLayer for enhanced security, underpins a fully decentralized architecture that ensures community governance and complete transparency.
- Empowering Innovation: With intuitive SDKs and developer tools, Okto offers a completely abstracted, unified experience—delivering Web2 simplicity with the power of Web3, without the need for deep technical expertise.
- Most Powerful Policy Engine: Okto’s groundbreaking policy engine empowers users to manage risk when using a single, interoperable embedded wallet across multiple DApps—providing unparalleled control and security—the only solution of its kind in the space.providing unparalleled control and security—the only solution of its kind in the space.
Rohit Jain, Head of DeFi Initiatives at Okto and CoinDCX, shared his perspective on the journey: “Our journey began with one simple question: Why can’t Web3 be as easy to use as Web2? This question drove countless hours of research, design iterations, and relentless coding. We built a world-class team and collaborated with industry leaders such as Nethermind, Silence Laboratories, Across Protocol, and Agoric. By leveraging cutting-edge security from EigenLayer and Polygon CDK, each partnership brought vital expertise to our mission. Today, we stand at a pivotal moment with the launch of the Okto Platform Testnet.”
Rohit further added,”While collaborating with multiple networks co-building on the Okto platform, one key piece of feedback from developers has been the significant reduction in development time—by over 90%. Okto does the heavy lifting of abstracting Web3 complexities across fragmented ecosystems and empowers developers to offer their end users a frictionless, single-click experience. This allows developers to focus on their core product.”
Key Innovations
- Decentralized Wallet Network (DWN): In collaboration with Silence Laboratories, we forged a scalable MPC network that prioritizes robust security without sacrificing user-friendliness. By integrating familiar Web2 logins, we made onboarding frictionless.
- Unified Liquidity Layer (ULL): Partnering with Across Protocol, we built an intelligent routing engine embracing the ERC-7683 standard for cross-chain liquidity. We further partnered with Nethermind and Solana Foundation to extend our reach beyond the EVM ecosystem, ensuring robust cross-chain liquidity support for Solana, Aptos, and many more. Our commitment ensures users receive the best possible prices automatically.
- Decentralized Transaction Network (DTN): We meticulously engineered the DTN to be the intelligent orchestrator, the invisible engine handling the heavy lifting of even the most complex cross-chain operations with unwavering reliability, efficiency, and cryptographic security. Our goal was to shield users entirely from the technical maelstrom churning beneath the surface, making multi-chain interactions feel as simple as a single click.
- Okto Chain: Harnessing the scalable power of Polygon CDK, we built the Okto Chain to serve as the central coordination hub, the immutable ledger that would bring transparency and verifiable order to the Okto Platform.
Okto is at the forefront of simplifying Web3 interactions through its innovative chain abstraction platform. As Web3 evolves, users will interact with multiple chains seamlessly, and Okto’s chain abstraction is key to addressing the fragmentation and complexity that currently exists across blockchains. By empowering developers to build quickly and composably, Okto is creating a unified experience that will pave the way for the next billion Web3 users. Okto’s vision is to make Web3 accessible, efficient, and seamless for all.
For Developers:
- Here is the live testnet link for Okto Platform: https://explorer.okto-testnet.zeeve.online/
- Integrate with Okto SDK V2: Become a pioneer of the new Web3 development paradigm.
- Build Chain-Agnostic Applications: Leverage the full stack—DWN, ULL, DTN, and Okto Chain—to deliver innovative multi-chain experiences.
- Provide Technical Feedback: Help us identify bottlenecks and optimize performance for mass adoption.
About Okto Ecosystem
The Okto ecosystem is an innovative platform created with a singular objective: to simplify blockchain technology for everyone. Our mission of “Bringing the Globe On Chain” is achievable only through chain abstraction, which allows us to eliminate the complexities of the blockchain world for both users and developers. By offering a suite of intuitive, user-friendly products, we make Web3 accessible to all.
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