Interoperability between blockchain networks has emerged as one of the most important concepts in the cryptocurrency ecosystem due to the fact that users are looking for the most cost-effective ways to transfer value across the ecosystem.
One interoperability-focused protocol that has seen its price skyrocket to a new all-time high is Quant (QNT), a project designed to help enterprises integrate and operate distributed ledger technology (DLT).
Data from Cointelegraph Markets Pro and TradingView shows that since reaching a low of $178 on Sep. 1, the price of QNT has surged 117% to a new all-time high at $387 on Sep. 6 as its 24-hour trading volume spiked to a record $740 million.
QNT/USDT 1-day chart. Source: TradingView
Three reasons for the bullish surge in QNT price include its recent protocol upgrade to Overledger 2.0.5, the launch of the Quant developer program and increased access to its supply after listing on the largest crypto exchanges.
The release of Overledger 2.0.5, the protocol’s DLT