Okto Wallet teams up with AggLayer to help cross-chain transactions

Okto announced that Okto Wallet will now support AggLayer, a cross-chain payment solution developed in collaboration with Polygon Labs.

The partnership, announced at the Aggregation Summit and shared with crypto.news, aims to simplify users’ interactions with different blockchain networks, making decentralized finance more accessible without requiring technical knowledge.

The AggLayer solution allows blockchain networks to communicate and interact, solving one of the main challenges of DeFi: the interoperability of chains.

Okto Wallet will integrate with AggLayer, allowing users to make transactions across multiple blockchain networks through a single interface.

This means users won’t have to navigate each blockchain separately, simplifying the experience.

Stack Chain Abstraction

Okto is also introducing a Chain Abstraction Stack that includes the Okto Implementation Chain, a customizable blockchain solution built with Polygon’s Chain Development Kit. This stack is designed to help developers create decentralized applications without requiring extensive blockchain expertise.

Okto aims to expand the DeFi ecosystem and potentially reach a wider audience by providing tools that simplify blockchain complexity.

Okto’s integration with AggLayer marks a step towards “chain abstraction”, which hides technical differences between blockchains to enable seamless user interactions with DeFi.

This collaboration could make decentralized finance more accessible to millions of people and pave the way for a more interconnected blockchain environment.