Under-the-Radar Ethereum Rival Soars 50% in Just One Week, Evading Bitcoin and Crypto Market Malaise

Blockchain protocols, focused on seamless cross-chain interoperability, are skyrocketing against the momentum of the broader crypto market.

The Quant Network (QNT) application programming interface (API) uses the Overledger operating system to provide enterprise-grade solutions and smart contract capabilities.

Native token QNT can be used to pay for network resources, license fees, and staking.

The platform is equipped with Overledger, according to Quant Website “The world’s first blockchain-agnostic API gateway. Interoperability is achieved by connecting enterprises to multiple distributed ledger networks.”

Quant states that it helps users reduce costs when their products “deploy any app on any blockchain.”

Corporate partners include database management company Oracle and banking and financial solutions company Nexi.

At the time of writing Quants Network It has risen 13.38% in the last 24 hours and is trading at $ 93.07.

QNT was trading at $ 63.28 a week ago. That is, it rose 47% while the crypto market was struggling.

Cryptographic framework released by the US Treasury to explain why the Quant Network surged Triggered Hype in the community at the beginning of the week. Web3 producer and Quant Network advocate Greg Lunt has published a long thread on how Quant’s efforts can be applied to future advances in cryptographic regulation governments.

?? Yesterday, several US government agencies gathered to provide documentation on the benefits and risks of digital assets.

It is called the “Framework for International Engagement on Digital Assets” and contains many names. $ QNT It is linked to. ??

thread???

Greg Land? (@ GregLunt27) July 8, 2022

Treasury press release The title, “Framework for International Engagement on Digital Assets,” presents a framework for integrating cryptocurrencies into the economy and follows the presidential order signed by President Biden earlier this year.

Lunt’s thread said Quant could become a major player in the future as cryptocurrencies gain mainstream adoption through government regulation and may be the Central Bank Digital Currency (CBDC). It shows that the Quant community is optimistic.

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Featured Image: Shutterstock / STR Graph / I Elson