San Francisco, California, May 14, 2025, ChainWire
Hot Labs, a leading blockchain innovator known for its multi-chain wallet solutions 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 a seamless and cost-effective way to users. Stellar grants cover transaction costs, especially within hot wallets, create authentic chain abstraction experiences, and completely unlock the potential of hot protocols.
Founded in 2024, Hot Labs emerged following the success of breakouts in the burgeoning mini app ecosystem and was driven by the explosive growth of flagship wallet products. The company was quickly recognized for simplifying blockchain interactions, achieving rapid adoption among millions of global users through innovative solutions such as gas restaurant transactions and major decentralized management. The team’s mission focuses on breaking down the technical barriers to blockchain adoption, making it accessible to everyday users.
Leading the excellent integration is Andrey Zhevlyakov, CTO at Hot Labs. Andrey Zhevlyakov is a veteran technology leader with extensive experience in distributed systems, multi-chain protocols and user-friendly blockchain interfaces. Zhevlyakov previously led the technology development at Hot Wallet, successfully scaling it to over 30 million users. A computer science graduate from ITMO University, he also contributed greatly to the technical foundations of FORA Vision. In particular, the early version of the hot wallet was developed by two engineers, including Zhevlyakov, showing how small and skilled teams can disrupt and control the competitive market.
Integration with StellAR takes place in three strategic phases: First, we’ll incorporate Stellar Support directly into our hot wallet, allowing users to easily manage their star assets without trading fees. Stellar will then 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 connects to the Hot Omni balance, allowing users to easily participate in decentralized finances through a unified interface. This gradual integration promises to significantly boost Stellar’s ecosystem by attracting more users and liquidity.
“Andrei and his team have achieved outstanding results,” said Hot Labs CEO Petr Volnov. “We’ve already been greatly influenced. We’ve joined Stellar since more than 100,000 new USDC holders integrated into hot wallets. This early success highlights how effective chain abstraction is in promoting blockchain adoption.”
About Hot Lab
Hot Labs is an experienced blockchain development and research team. Founders Peter Volnov and Yuriy Olentyr have developed Neaton’s products that have attracted millions of users. As a Hot Lab, the two founders aim to create blockchain solutions that make Web3 accessible throughout the Multichain ecosystem based on their work with hot wallets and HAPI.
contact
Petr Volnov
petr@herewallet.app
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