- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
HOT Labs Secures $250,000 Grant from Stellar Foundation to Accelerate Chain Abstraction Innovation
By: optimisus|2025/05/15 14:30:12
0
Share
HOT Labs, a leading blockchain innovator known for its multi-chain wallet solution and Chain Abstraction infrastructure, has secured a $250,000 grant from the Stellar Development Foundation (SDF). This strategic partnership aims to integrate Stellar’s blockchain into HOT Labs’ products—HOT Protocol and HOT Wallet—making blockchain transactions seamless and cost-effective for users. Stellar’s grant will notably cover transaction costs within HOT Wallet, creating a genuine chain abstraction experience and unlocking the full potential of the HOT Protocol.HOT Labs, founded in 2024, emerged on the heels of a breakout success in the burgeoning Mini Apps ecosystem, propelled by the explosive growth of its flagship wallet product. The company quickly gained recognition for simplifying blockchain interactions, achieving rapid adoption among millions of global users through innovative solutions like gasless transactions and decentralized key management. The team’s mission remains focused on breaking down technical barriers to blockchain adoption, making it accessible for everyday users.Leading the Stellar integration is HOT Labs’ CTO, Andrey Zhevlyakov, a seasoned technology leader with extensive experience in decentralized systems, multi-chain protocols, and user-friendly blockchain interfaces. Zhevlyakov previously spearheaded technical development at HOT Wallet, scaling it successfully to over 30 million users. A graduate in Computer Science from ITMO University, he also contributed significantly to the technical foundations of FORA Vision. Notably, the initial version of HOT Wallet was developed by just two engineers, including Zhevlyakov, demonstrating how a small, highly skilled team can disrupt and dominate a competitive market.Integration with Stellar will occur in three strategic phases: first, incorporating Stellar support directly into HOT Wallet, enabling users to easily manage Stellar assets without transaction fees. Next, Stellar will be integrated into HOT Protocol and HOT Bridge, allowing seamless cross-chain transactions between Stellar and other major networks. Finally, Stellar’s growing DeFi ecosystem will connect to HOT Omni Balance, letting users engage in decentralized finance effortlessly from a unified interface. This staged integration promises to significantly boost Stellar’s ecosystem by attracting more users and liquidity.“Andrey and his team have delivered outstanding results,” said HOT Labs CEO Petr Volnov. “We already see tremendous impact—over 100,000 new USDC holders have joined Stellar since integrating into HOT Wallet. This early success highlights how effective chain abstraction can be in driving blockchain adoption.”About HOT LabsHOT Labs is an experienced blockchain development and research team. Founders Peter Volnov and Yuriy Olentyr have developed products for NEAR and TON that have attracted millions of users. As HOT Labs, the two founders aim to build upon their work with HOT Wallet and HAPI to create blockchain solutions that make web3 easier to access across the entire multichain ecosystem.The post HOT Labs Secures $250,000 Grant from Stellar Foundation to Accelerate Chain Abstraction Innovation appeared first on Optimisus.
You may also like
Exchanging 200,000 for nearly 100 million, DeFi stablecoins face another attack
DeFi project teams cannot assume that the modules they control are necessarily secure.
The underlying business agreement of the trillion-dollar Agent economy: Understanding ERC-8183, it's not just about payments, but the future
This article systematically analyzes the technical principles and commercial value of the ERC-8183 protocol from the dimensions of technical architecture, core mechanisms, application scenarios, and ecological collaboration.
When Wall Street's ETH begins to "yield": Looking at the asset properties of Ethereum from BlackRock's ETHB
ETH is undergoing a paradigm shift from a "volatile asset" to a "yield-generating cash flow asset."
The Power of Agency: The Agentic Wallet and the Next Decade of Wallets
In 1984, Apple killed the command line with a mouse. In 2026, Agent is killing the mouse.
Understanding x402 and MPP in One Article: Two Routes for Agent Payments
x402 makes payments within the agreement, while MPP makes system-level payments.
Particle Founder: The entrepreneurial insights I have gained the most from in the past year
Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.
Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence
The competition in the future is not just about whose model is larger or whose computing power is stronger, but also about who understands the industry better, who can embed AI more deeply into real processes, and who can organize these capabilities into a runnable and scalable system.
OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)
The existing infrastructure is hostile to the Agent economy. Agents can think and act independently at the "capability level," but at the "economic level," they are still locked into infrastructure designed for humans.
The migration of settlement rights: B18 and the institutional starting point of on-chain banks
In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.
From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment
The AI narrative continues to ferment, but the recent performance of related stocks varies, with some in the midst of summer and others as if in winter.
The second half of stablecoins no longer belongs to the crypto circle
What Coinbase doesn't want, Mastercard is eager to buy.
Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation
Cursor was accused of being based on Kimi K2.5, which sparked controversy, and was later confirmed to be compliant through Fireworks AI due diligence.
The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations
Provide an Investor Relations Best Practices Guide for Crypto Projects.
Is the income of pump.fun real, earning a million dollars a day despite the market downturn?
If it can really earn this much, what is the reason for the low price of $PUMP?
The real reason why tokens are not selling: 90% of crypto projects neglect investor relations
Investor Relations Practice Guide for Cryptocurrency Projects.
Who is the true winner of the "Tokenization" narrative?
Virtually everyone benefits, but the reason for the benefit, the timing, and the underlying logic are completely different.
Moss: The Era of AI-Traded by Anyone | Project Introduction
AI Trading Agent is rapidly growing its infrastructure.
Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update
AI chips have become a strategic asset more sensitive than missiles
Exchanging 200,000 for nearly 100 million, DeFi stablecoins face another attack
DeFi project teams cannot assume that the modules they control are necessarily secure.
The underlying business agreement of the trillion-dollar Agent economy: Understanding ERC-8183, it's not just about payments, but the future
This article systematically analyzes the technical principles and commercial value of the ERC-8183 protocol from the dimensions of technical architecture, core mechanisms, application scenarios, and ecological collaboration.
When Wall Street's ETH begins to "yield": Looking at the asset properties of Ethereum from BlackRock's ETHB
ETH is undergoing a paradigm shift from a "volatile asset" to a "yield-generating cash flow asset."
The Power of Agency: The Agentic Wallet and the Next Decade of Wallets
In 1984, Apple killed the command line with a mouse. In 2026, Agent is killing the mouse.
Understanding x402 and MPP in One Article: Two Routes for Agent Payments
x402 makes payments within the agreement, while MPP makes system-level payments.
Particle Founder: The entrepreneurial insights I have gained the most from in the past year
Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.
App