Owlto recently announced official support for the Base mainnet. The announcement was made on Owlto Finance’s Twitter account. The tweet said that Owlto is delighted to be integrating with Base. Coinbase has designed the Ethereum L2 solution to provide an efficient and seamless experience to everyone.
Moreover, Base has been developed on the open-source OP stack. It allows the platform to bring the power of Layer 2 scalability to DeFi’s forefront. Owlto Finance also invited users to explore more opportunities with a cheap, safe, and fast transfer with the parties.
The community warmly greeted the announcement, especially given Owlto’s increasing market presence. Launched in April 2023, Owlto has been a major game player in L2 solutions.
The platform was introduced as a decentralized cross-rollup bridge that supports asset transfers between L2 networks and Ethereum. In addition, the bridge can support transactions between L2 networks as well.
These networks include Arbitrum Nova, Arbitrum, StarkNet, zkSync, and Optimism. The properties allow Owlto to offer a complete experience where users can interact with multiple networks.
With Owlto, users get secure, quick, and decentralized access to asset trading across networks. Moreover, the bridge facilitates simpler operations with its easy-to-use interface and operation method.
It proposes no understanding of the cost that makes it simple for everyone to manage and trade assets. Similarly, the bridge has high compatibility with Ethereum L2 networks. It can support the transfer of non-smart contract chain assets among multiple L2 networks.
As these contracts are not required to run on the Rollup network while the transfer is happening, the need for different EVMs is eliminated as well. This paves the path to cross-chain interoperability and interconnectivity among blockchain networks.
Such features make Owlto a desirable prospect for Base, the emerging L2 solution. Given the properties Owlto and Base share, their collaboration is expected to be a major hit.