• Three reasons why the Quant price has increased by 200 percent in the last month

  • Because users are looking for the most cost-effective ways to transfer value across the ecosystem, interoperability between blockchain networks has emerged as one of the most important concepts in the cryptocurrency ecosystem.

    Quant (QNT), a project designed to help enterprises integrate and operate distributed ledger technology, is one interoperability-focused protocol whose price has skyrocketed to a new all-time high (DLT).

    According to TradingView data, the price of QNT has risen 117 percent since reaching a low of $178 on September 1 to a new all-time high of $387 on September 6 as its 24-hour trading volume reached a record $740 million.

    The recent protocol upgrade to Overledger 2.0.5, the launch of the Quant developer program, and increased access to its supply following listing on the largest crypto exchanges are three reasons for the bullish surge in QNT price.

    Interoperability is growing.

    With the release of Overledger 2.0.5, the protocol’s DLT gateway for businesses, users can connect any system to any network or DLT and offer universal interoperability between various protocols.

    Overledger 2.0.5 released to bridge ecosystems with Stablecoins, DeFi, NFTs & popular ERC20/ERC721 digital assets for clearing & settlement. The new Payment API settles between different digital asset types with a few lines of code. More: https://t.co/Qte4ot49yJ #NFT pic.twitter.com/R7NybtFZIS— Quant (@quant_network) September 7, 2021

    According to Quant, the release of Overledger 2.0.5 is a significant step toward the creation of a “bridge that connects institutional and enterprise ecosystems with stablecoins, DeFi, NFTs, and popular ERC20 and ERC721 digital assets for clearing and settlement.”

    Clearing and settling between different digital assets, stablecoins, collateralizing NFTs with stablecoins, and the ability to conduct multi-DLT DeFi payments by combining lending and staking products with new settlement options are all supported by the Overledger Payment API.

    QNT provides developer incentives.

    The launch of the Quant developer program, which is designed to entice new developers to join the ecosystem, is a second reason for Quant’s growing strength.

    Active communities are a hallmark of a successful blockchain ecosystem, and developers play a critical role in attracting users and encouraging on-chain activity by developing on-demand applications and protocols.

    Polkadot, Ethereum, and Cosmos all have extremely active developer communities, so if Quant can replicate this level of activity, the network could thrive.

    The inclusion of major exchanges increases trading volumes.

    A third reason for QNT’s strong performance is the token’s availability on the industry’s largest cryptocurrency exchanges.

    QNT has recently been added to Coinbase and Binance, which has helped its 24-hour trading volume increase from a daily average of $9 million to over $740 million on September 6.

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