Blockchain Press Releases
Blockchain Interoperability Market worth $1.0 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, July 6, 2023 /PRNewswire/ — With growing standardisation, interconnected ecosystems, cross-industry acceptance, enhanced scalability, and integration with upcoming technologies, the market for blockchain interoperability has a lot of room to develop in the future. Interoperability will be embraced by institutions and governments for secure collaboration, and user-friendly tools and privacy protections will spur broader usage. In general, the future digital landscape will be decentralised and connected thanks to blockchain interoperability.
The global Blockchain Interoperability Market size is projected to grow from USD 0.3 billion in 2023 to USD 1.0 billion by 2028 at a CAGR of 27.2% during the forecast period, according to a new report by MarketsandMarkets™. The growth of the Blockchain Interoperability Market is driven by the demand for smooth communication and asset transfer among various blockchain networks, the increasing adoption of dApps, and the emergence of diverse blockchain ecosystems, creating a need for interoperability, enabling collaboration and access to a broader range of resources. Furthermore, regulatory compliance requirements and the desire for standardized frameworks contribute to the market’s expansion.
Browse in-depth TOC on “Blockchain Interoperability Market“
205 – Tables
38 – Figures
251 – Pages
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Scope of the Report
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Based on the vertical segment, the healthcare vertical is to grow at the highest CAGR during the forecasted period.
The healthcare vertical experiences the highest CAGR in the Blockchain Interoperability Market due to the need for efficient data exchange among multiple stakeholders, including hospitals, clinics, insurers, and patients. Blockchain interoperability ensures secure and standardized communication, addressing fragmented healthcare records and improving access to comprehensive patient information. With its robust security features, blockchain technology enhances data protection and compliance with regulatory guidelines. Furthermore, blockchain-enabled innovations in patient consent management, clinical trials, supply chain transparency, and fraud prevention contribute to the growth of blockchain interoperability in the healthcare industry.
By Application, dApps holds the largest market size during the forecast period.
Due to their increasing popularity and demand, dApps have a large market size in the Blockchain Interoperability Market. As dApps become more widely used across various industries, the need for interoperability between different blockchain networks arises. Interoperability solutions allow dApps to communicate and interact with multiple blockchains, expanding their reach and usability. This cross-chain functionality enhances the user experience by enabling seamless asset transfers and data access. Moreover, the development of interoperability protocols further supports the growth of dApps in the Blockchain Interoperability Market. Thus, dApps currently dominate the market in terms of market size among applications in the Blockchain Interoperability Market.
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By region, the Asia Pacific market is to grow at the highest CAGR during the forecast period.
The Asia Pacific region demonstrates solid technological adoption, with countries like China, South Korea, Japan, and Singapore at the forefront of blockchain research and development. Additionally, government support is crucial, as policymakers have implemented favorable regulations and initiatives to encourage blockchain adoption. The presence of significant developments, such as the Interledger Protocol (ILP) and initiatives like the Asia Pacific Blockchain Alliance (APBA) and the ASEAN Blockchain Initiative, further promote blockchain interoperability. These efforts create an environment that fosters collaboration, innovation, and shared standards. As a result, the Asia Pacific region is positioned to leverage the benefits of blockchain interoperability, driving its remarkable growth in the market. Thus, Asia Pacific has the highest CAGR in the Blockchain Interoperability Market.
Top Key Companies in Blockchain Interoperability Market:
Oracle (US), R3 (US), GAVS Technologies (US), LeewayHertz (US), Ontology (Singapore), Inery (Singapore), Fusion Foundation (Singapore), Quant Network (UK), Band Protocol (Thailand), LiquidApps (Israel), LI.FI (Germany), Biconomy (Singapore), Datachain (Japan), RioDeFi (China), Polyhedra Networks (Italy), SupraOracles (US), Orb Labs (US), and ChainPort (Israel) are the key players, and other players in the Blockchain Interoperability Market.
Recent Developments
- In January 2023, Oracle (US) enhanced its Oracle Blockchain Platform, introducing new capabilities to support interoperability and improve blockchain solution development. Its key features include OAuth 2.0 support for secure callback delivery, expanded web3 API support, Ethereum interoperability for atomic transactions, extended tokenization SDKs for advanced tokenization solutions, and TTF-based tokenization support for exchange across different fungible tokens.
- In February 2022, LeewayHertz partnered with XDC Network (US) to advance blockchain solutions for global trade and finance. Their collaboration aims to enhance the XDC Network ecosystem and address scalability and sustainability challenges in the blockchain industry. While the partnership’s primary focus is on developing decentralized and scalable solutions, such as SDKs and upcoming projects like the XDC NFT dApp and XDC Explorer, their joint efforts also hint at the potential for blockchain interoperability.
- In January 2022, Ontology introduced the Ethereum Virtual Machine (EVM), allowing EVM-centric developers to construct decentralized applications on its blockchain platform. The Ontology EVM reduces migration costs, lowers gas fees, and offers faster block production. Developers can leverage the ONTO Wallet and ONT ID for broader adoption.
- In October 2021, R3 (US) acquired Ivno (UK) to enhance blockchain interoperability. Ivno’s platform enables rapid tokenization of assets and compliant, secure transactions. Integrating Ivno’s capabilities strengthens R3’s ability to optimize balance sheet management and explore stablecoin models using blockchain technology.
- In October 2021, Inery (Singapore) enhanced its decentralized storage and database solution, which integrates blockchain technology with distributed database properties, potentially contributing to blockchain interoperability. With a focus on data decentralization, security, and reducing breaches, Inery offers a relevant solution for decentralized data management.
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Blockchain Interoperability Market Advantages:
Individual blockchains’ scalability issues are addressed by interoperability solutions. The distribution of workloads and the pooling of resources are made possible by permitting communication between various networks. This distributed model improves scalability since numerous blockchains can manage greater transaction volumes and processing demands as a group.
Blockchain development and deployment costs might be decreased with the aid of interoperability solutions. Organisations can join existing networks through interoperability standards rather than creating brand-new blockchain networks from scratch. This saves time, resources, and expenses required for developing and maintaining separate blockchains, making blockchain technology more accessible and cost-effective.
Interoperability between blockchains can help different industries comply with regulations. It is now simpler to manage and audit transactions, guaranteeing compliance with sector-specific legislation and standards, by facilitating the smooth flow of data between various blockchains. Solutions for interoperability can offer transparency and traceability, which makes it simpler to comply with legal requirements like anti-money laundering (AML) and know-your-customer (KYC) laws.
Cross-platform and cross-ecosystem collaboration and data sharing are made possible via interoperability. The ability to collaborate, share knowledge, and take use of one another’s skills encourages innovation and group problem-solving. Collaboration across platforms fosters the creation of best practises and standardised protocols, advancing the blockchain sector as a whole.
Improved financial services and products may be available with DeFi applications developed on interoperable blockchains. As a result of interoperability, consumers’ access to larger liquidity pools and more opportunities. Assets can transfer seamlessly between various DeFi systems. Cross-platform borrowing, lending, and trading are made possible, fostering the development of a more developed and integrated DeFi ecosystem.
Blockchain interoperability can enhance supply chain transparency and management. Stakeholders may trace and verify the movement of commodities, authenticate product origins, and assure compliance with quality and safety requirements by integrating various blockchains participating in the supply chain process. Traceability is improved, fraud is decreased, and supply chain activities are simplified by interoperability.
Interoperability between blockchains has the potential to promote blockchain adoption and international cooperation. It enables the linking of blockchain networks from many nations, groups, and communities, boosting international trade and information exchange. A global network of interconnected blockchain ecosystems can be developed thanks to interoperability, which can also spur global cooperation, compatible standards, and standard protocols.
Report Objectives
- To define, describe, and forecast the Blockchain Interoperability Market based on solutions, applications, verticals, and regions:
- To predict and estimate the market size of five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
- To analyze the subsegments of the market with respect to individual growth trends, prospects, and contributions to the overall market
- To provide detailed information related to the primary factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Blockchain Interoperability Market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the Blockchain Interoperability Market
- To profile the key players of the Blockchain Interoperability Market and comprehensively analyze their market size and core competencies.
- To track and analyze competitive developments, such as new product launches; mergers and acquisitions; and partnerships, agreements, and collaborations in the global Blockchain Interoperability Market.
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Blockchain Press Releases
Opportunities in Volatility: Navigate Crypto Market Trends with KuCoin Trading Bots
VICTORIA, Seychelles, March 14, 2025 /PRNewswire/ — KuCoin, a global leading cryptocurrency exchange, is excited to announce the release of its latest market trend and trading bot strategies report for March 2025. This detailed production is designed to empower traders by enhancing their understanding of the crypto market and refining their trading techniques.
This new report is set to support both novice and experienced traders by providing them with a detailed historical analysis of Bitcoin’s performance over the past 13 years, diving into the long-term trends and cyclicality of the market, enabling traders to enhance their understanding of the market landscape.
To help everyone to better keep up with the dynamics of the market, the report features a calendar of key events in March that are expected to impact the crypto markets. This report serves as learning materials with the purpose of information sharing, users are welcome to leverage the detailed information provided in the report to personalize their own analysis and develop trading strategies that align with their individual trading habits and risk appetite.
This is a testament to KuCoin’s ongoing commitment to education and excellence in the crypto trading space. New users are also welcomed to join the latest Trading Bot Carnival to stand a chance of getting various types of rewards. Users are encouraged to read through risk warnings before proceeding to investing.
For a full report and access to the educational resources provided by KuCoin, please visit KuCoin Official Website.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 40 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.
KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/.
Disclaimer: This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions or any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances.
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DUBAI, UAE, March 14, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a new perk for MT5 users on Bybit in a zero-fee trading event, Indices Unleashed.
From today until April 12, 2025, Bybit traders can execute transactions on 18 prominent indice pairs without incurring trading fees. The offer applies automatically to derivatives linked to indices including the Dow Jones Index Cash CFD (DJ30), NAS100 Cash (NAS100), Hang Seng Index Cash CFD (HK50), S&P Index Cash CFD (SP500), GER40 Cash (GER40), US SMALL CAP 2000 – CASH (US2000), France 40 Index (FRA40), Nikkei Index Cash CFD (Nikkei225), UK 100 Cash (UK100), EUSTX50 Cash (EU50), ES35 Index Cash (ES35), Hang Seng Tech Index Case CFD (HKTECH), Bovespa Cash CFD (BVSPX), South Africa 40 – CASH (SA40), S&P/ASX 200 Index Cash CFD (SPI200), Singapore 20 Index Cash CFD (SGP20), and the Taiwan RIC Index Cash CFD (TWINDEX), all available on the Bybit Gold & Forex Trading platform.
Bybit Gold & FX Trading marks a significant milestone for Bybit as the first cryptocurrency exchange to achieve seamless MT5 integration. This groundbreaking advancement provides users with access to a diverse range of financial instruments, including forex, gold, and other commodities, alongside traditional crypto offerings. With MT5’s sophisticated charting tools, automated trading capabilities, and intuitive interface, Bybit Gold & FX Trading enhances the trading experience for both seasoned professionals and those new to the markets, setting a new benchmark within the digital asset trading landscape.
“Whatever the market conditions, broader access and powerful, intelligent tools are a trader’s best friend. We’re offering free access to indices trading via MT5 on Bybit for a limited time to allow users to experience the platform and find their trading rhythm in a dynamic market,” said Joan Han, Sales and Marketing Director of Bybit.
To find out more about the event and its terms and conditions, users may visit: Bybit Indices Unleashed – Trade for Free
#Bybit #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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Blockchain Press Releases
MEXC Lists AO (AO), Expanding Support for Decentralized Computing and AI Innovation with a 140,000 USDT Prize Pool
VICTORIA, Seychelles, March 14, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency trading platform, announces the listing of AO (AO) on both spot and futures markets, scheduled for March 14, 2025, at 06:00 (UTC). To mark the occasion, MEXC is launching an Airdrop+ rewards event with a 140,000 USDT prize pool, providing users with multiple opportunities to engage with AO and explore its potential within the decentralized computing space.
Unleashing AO: MEXC Supports the Future of Decentralized Computing and AI Agents
AO is a decentralized ultra-parallel computing network that expands on-chain computation while ensuring all operations remain verifiable and permanently recorded. Built on Arweave’s permanent storage, AO features an actor-oriented architecture, where modular programs (actors) operate independently, select their own virtual machines (VMs), consensus mechanisms, and payment models, and communicate through a standardized messaging layer. With self-triggering execution and autonomous agent capabilities, AO enables efficient DeFi strategies, automated DEX trading, and AI-driven applications, unlocking a new era of decentralized computing.
By listing AO, MEXC reinforces its commitment to supporting cutting-edge innovations at the intersection of AI, blockchain infrastructure, and decentralized computing. As demand for on-chain processing and AI-powered applications grows, MEXC provides AO with critical market access, deep liquidity, and an engaged global user base to accelerate its adoption and utility. Beyond just a listing, MEXC plays a crucial role in fostering the adoption and development of innovative blockchain projects across AI and DePIN. With a strong trading community, strategic marketing initiatives, and a track record of launching high-potential assets, MEXC provides projects like AO with the tools to gain visibility and traction within the crypto ecosystem. Through this listing, MEXC continues to connect users with the latest blockchain advancements, ensuring accessibility to next-generation decentralized infrastructure.
Celebrate AO’s Listing with a 140,000 USDT Prize Pool
MEXC, known for quickly listing trending tokens, expands its offerings with AO (AO). The AO/USDT trading market officially launched in the Innovation Zone on March 14, 2025, at 06:00 (UTC), followed by the introduction of the AO USDT perpetual futures at 06:10 (UTC), offering adjustable leverage from 1x to 50x with both cross and isolated margin modes.
To celebrate the listing of AO (AO) on MEXC Spot and Futures, MEXC is launching a series of exclusive events from March 13, 2025, at 12:00 (UTC) – March 23, 2025, at 10:00 (UTC), giving both new and existing users the opportunity to earn USDT bonuses and other rewards while engaging with the AO ecosystem.
- Event 1: Deposit to Share 72,000 USDT (New User Exclusive)
New users who trade AO spot (≥ $100) or futures (≥ $500) can earn a 30 USDT bonus, with a total of 72,000 USDT up for grabs.
- Event 2: Futures Challenge — Trade to Share 50,000 USDT in Futures Bonuses (Open to All Users)
Each user can receive up to 5,000 USDT in Futures bonuses.
- Event 3: Invite New Users & Share 18,000 USDT (Open to All Users)
- Event 4: Spread the Word and Win Rewards
Your Easiest Way to Trending Tokens
MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 34 million by offering a diverse selection of tokens, high-frequency airdrops, competitive fees, and comprehensive liquidity. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
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