Cross-chain project OWL with 8 million in funding launches trading tonight; can it break through the competitive track?

Owlto Finance (OWL) is about to launch on BitMart, with trading pairs OWL/USDT. This AI interoperability protocol project, which raised $8 million in funding, has already accumulated over 3 million users and 13 million transactions, and has also secured a simultaneous launch opportunity on Binance Alpha. In the highly competitive cross-chain sector, the emergence of OWL has attracted market attention.

Project Fundamentals: Funding Background and User Base

Core Funding Information

Owlto Finance secured two major funding rounds last year. In May 2024, the project completed a strategic financing of $8 million, with investors including Matrixport, Bixin Ventures, CEIC, Presto Labs, Skyland, Blocore, SNZ, and other well-known institutions. Subsequently, in July, Matrixport Ventures participated again, bringing the valuation to $150 million in this funding round.

The choice of these investors is noteworthy. Matrixport, as a key player in the CeFi space, often makes investment decisions that reflect institutional long-term value judgments on projects. Bixin Ventures, a well-known domestic investor, has also invested in prominent cross-chain projects like LayerZero.

User Scale and Transaction Data

According to publicly available information, Owlto Finance has served over 3 million users across more than 200 countries and regions. Total transactions exceed 13 million. These figures indicate that the project has gained a certain level of market recognition and user base.

Project Positioning and Technical Direction

Core Value of OWL

Owlto Finance is positioned as an AI-based interoperability protocol dedicated to enabling fast, low-cost, and secure cross-chain transfers and executions. The project supports over 20 blockchains and offers seamless cross-chain bridging services.

The OWL token is intended for community ownership and as a fuel for the cross-chain ecosystem. According to information, OWL has a total supply of 2 billion tokens, with an initial circulating supply of 16.5%.

Sector Competition Landscape

It must be acknowledged that the cross-chain sector is now a red ocean. Projects like LayerZero, Wormhole, Axelar, Router, and deBridge have already secured important positions. In this highly competitive and repeatedly reinforced sector, OWL’s differentiated advantages require further observation.

Market analysis suggests that the core competition for cross-chain bridges is not “who is faster,” but “who is safer” and “who has higher integration.” Based on publicly available information, Owlto’s documentation emphasizes vision more than technical details and security models, making it difficult for investors to fully assess its technical barriers.

Market Expectations and Launch Pace

Significance of Dual Launch

OWL’s simultaneous listing on BitMart and Binance Alpha is quite rare in the market. Binance Alpha, as an innovative incubation platform within the Binance ecosystem, often indicates strong project confidence. BitMart, as a leading exchange, also provides important liquidity support for the project.

Market Expectations for OWL

According to the latest news, market sentiment towards OWL is relatively positive. Some analysts believe that, considering the project’s funding background and user base, the opening price of OWL might remain at a relatively rational level. However, there are also voices warning that recent airdrop projects have experienced significant volatility after listing, so participants should practice risk management.

Rational Considerations of Several Issues

Valuation vs. Market Reality

A $150 million valuation from funding still needs time to be validated in the secondary market. Currently, the crypto market is gradually becoming more rational about valuation premiums based on funding backgrounds.

Actual User Engagement

While 3 million users and 13 million transactions sound impressive, it’s important to understand the activity and retention levels of these users. This directly affects the long-term demand for the OWL token.

Unknowns in Technical Security

In the cross-chain sector, security is paramount. Owlto’s technical details and security audit information still need further disclosure.

Summary

OWL is about to launch on BitMart, representing a cross-chain project with solid funding background and a substantial user base. However, it’s important to recognize that the cross-chain sector is highly competitive. OWL needs to demonstrate its value through technical security and ecosystem integration. From an investment perspective, it’s a project worth关注, but maintaining a rational attitude is advised—don’t be misled by the funding figures and user numbers. Ultimately, the long-term performance of the project will depend on its technical capabilities, ecosystem development, and market adoption.