Blockchain's Interoperability Quest Gets a Powerful New Player in QNT

Quant (QNT) has surged 1.4% in recent trading sessions, driven by growing optimism around its Fusion Devnet rollout and anticipation of the Sibos 2025 conference, where the project is expected to showcase advancements in blockchain interoperability. The Ethereum-based token, which powers Quant Network’s Overledger platform, has seen increased activity as institutions and developers explore the potential of multi-chain decentralized applications (MApps) that operate seamlessly across public and private blockchains [1].

The current price of QNT stands at $112.73, reflecting a 2.63% increase in the last 24 hours and a 124.58% rise from a year ago [1]. The token’s market capitalization is now $1.36 billion, representing a 2.73% increase from its previous level. With a circulating supply of 12 million tokens out of a maximum supply of 15 million, QNT’s valuation remains significantly below its all-time high of $428.45, recorded in September 2021 [1].

Recent on-chain data suggests increased trading volume and investor interest in QNT, with 621 buyers and 315 sellers recorded in the last 24 hours. The token was searched 1,723 times in that period, indicating heightened visibility [1]. Furthermore, the project’s Overledger Network is gaining traction, as developers and enterprises seek solutions to bridge disparate blockchain ecosystems. Overledger enables users to build and deploy MApps, and token holders can utilize QNT to pay for network fees and access services.

The upcoming Fusion Devnet is a pivotal step in Quant’s roadmap, aiming to expand its interoperability capabilities beyond Ethereum to include major blockchains like Bitcoin and Solana. This development is expected to attract a broader user base and solidify the project’s position as a key player in the multi-chain space. Additionally, the Sibos 2025 conference will provide Quant with a global platform to engage with financial institutions and technology firms, potentially accelerating enterprise adoption [1].

Analysts have noted that QNT’s price movements align with broader market trends, particularly in the altcoin sector. In recent weeks, several articles have highlighted QNT as a potential breakout asset, with some suggesting that whales and institutional investors are accumulating the token in anticipation of future growth. While the token’s short-term volatility remains a concern, its long-term fundamentals—rooted in the growing demand for blockchain interoperability—position it as a strategic investment for those betting on decentralized finance (DeFi) and real-world asset (RWA) protocols [1].

Despite the positive momentum, Quant still faces challenges in terms of market dominance and liquidity. It ranks 65th in terms of popularity on crypto platforms and holds a 0.04% dominance in the overall market. However, with increasing developer activity and growing use cases for Overledger, QNT is well-positioned to capture a larger share of the blockchain interoperability market in the coming months [1].

Source: [1] Quant Price, QNT Price, Live Charts, and Marketcap (https://www.coinbase.com/price/quant)