Okto Announces 1% $OKTO Grant for HyperEVM Builders Amid Rapid Testnet Momentum

February 27, 2025 — Denver, Colorado — Just one week after Hyperliquid announced HyperEVM, Okto has launched full support for the chain on its testnet, reinforcing its commitment to seamless Web3 development. The Okto testnet, which went live on February 21, is already accelerating blockchain adoption by simplifying cross-chain interactions for developers and users alike.

Recognizing the groundbreaking potential of HyperEVM, Okto is introducing a 1% $OKTO token grant program to support builders leveraging the Okto SDK on HyperEVM. This initiative strengthens Okto’s vision of enabling frictionless development across blockchain ecosystems and fostering innovation in programmable finance. 

The Promise of HyperEVM 

HyperEVM brings Ethereum Virtual Machine (EVM) compatibility to the Hyperliquid ecosystem, unlocking a new era of high-performance, on-chain financial applications. With unmatched speed, scalability, and interoperability, HyperEVM enables developers to create decentralized applications with the efficiency of centralized systems, redefining what’s possible in DeFi. 

Okto Testnet: A Significant Leap in Web3 Development 

The Okto testnet launch marks a major milestone in chain abstraction technology, offering developers one of the most advanced tools to build seamless, multi-chain applications. In just a short period, Okto has already achieved: 

• 12M+ wallets created
• 50+ protocols integrated
• $1B+ in Monthly Recurring Revenue (MRR)

Okto’s rapid integration with HyperEVM showcases the platform’s ability to adapt instantly to emerging blockchain innovations, providing developers with immediate access to new opportunities. 

Fueling Innovation: 1% $OKTO Grant for Developers 

To further empower builders, Okto is allocating 1% of its total $OKTO token supply—to projects utilizing the Okto SDK on HyperEVM. This grant aims to incentivize the development of next-generation financial applications, accelerating the adoption of HyperEVM’s ecosystem.

“HyperEVM is redefining blockchain finance, and we want developers to have the best tools to build on it from day one,” said Rohit Jain, Head of Okto and DeFi Initiatives. “Our testnet’s rapid success signals a new era in Web3, and this 1% grant is a testament to our commitment to chain abstraction and cross-chain innovation.” 

Okto at ETH Denver: Bounties and Builder Support 

Okto is proud to be a Presenting Sponsor at ETH Denver 2025, one of the largest blockchain gatherings in the world. To celebrate, Okto has launched a $25,000 bounty program for developers building on its testnet. This initiative encourages builders to explore Okto’s capabilities, contribute to its evolution, amnd bring their most innovative ideas to life. 

“ETH Denver is where the brightest minds in Web3 converge, and we’re excited to showcase Okto’s full potential,” added Jain. “With Okto SDK V2, developers can experience true chain abstraction and push the boundaries of what’s possible on HyperEVM.” 

Looking Ahead: Mainnet Launch, Points Program, and TGE 

The Okto testnet and HyperEVM grant program mark major milestones on the path toward Okto’s Mainnet Launch and Token Generation Event (TGE) in the coming months. The $OKTO token will play a pivotal role in: 

• Community governance
• Incentivizing network participation
• Driving long-term ecosystem growth

About Okto 

Okto is a pioneering Chain Abstraction Platform dedicated to making Web3 development seamless. By integrating cross-chain functionality, Okto enables developers to build next-generation decentralized applications without friction. With a rapidly growing ecosystem, Okto is shaping the future of multi-chain interoperability, user accessibility, and blockchain scalability. 

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