One protocol focused on interoperability that has seen its price skyrocket has been Quant. This project has been designed to help several enterprises integrate and operate DLT or distributed ledger technology. This has come up since the interoperability between the networks of blockchain has come up as one of the most important concepts in the ecosystem of cryptocurrency. This is because most of the users have been looking at far more cost-effective ways which would help transfer the values throughout the ecosystem.
Quant Has Turned Its Third Quarter Price Around
According to data received from TradingView and Cointelegraph Markets pro, it has been noticed that Quant went on an upward climb after falling to a low of $178 on the 1st of September, where the price of QNT increased by 117% to end up at $387 on the 6th of September.
This definitely led to a trading volume increase of $740 million over a period of 24-hours. Unsurprisingly, there have been a few reasons for this increase in the price of QNT- which includes the upgrade of its protocol– Overledger 2.0.5.
One of the reasons behind Quant’s impressive growth has been the release of Overledger 2.0.5, which is the DLT gateway for the protocol to conduct business. It also offers universal interoperability between different protocols while allowing users to get through any system or DLT. As mentioned by QNT, the release of this protocol does mark a very important point in the development of a single bridge that would connect enterprise and institutional ecosystems with DeFi, stablecoins, NFTs, and ERC721.
Quant also managed impressive growth due to its launch of the Quant Developer Program which has been able to entice new developers into joining the system of this protocol.