Quant Network [QNT] gained more than 16% over the past 24 hours, emerging as the largest gainer of the day among the top 100 cryptocurrencies by market cap. The rally coincided with renewed social sentiment around the network's real-world asset (RWA) activity, with over 9,400 mentions and engagements from top influencers in the period.
The surge in interest follows announcements made a month earlier when Quant Network secured two deals to settle bank transfers using blockchain technology on the Ethereum ecosystem. According to the company, over $2 trillion in transfers will be settled on Quant after it was selected to run the tokenized deposit network for US and UK banks. Participating banks are scheduled to gain access to the service in the first half of 2027.
Quant CEO Gilbert Verdian commented on the partnership: "We're proud to partner with The Clearing House in the US to set a new standard for tokenized deposits everywhere."
In conjunction with the partnership announcement, Quant launched Multi-Ledger Rollup on its 10th anniversary, a Layer 2.5 solution that allows bank tokens to serve as collateral in DeFi protocols without requiring bridges. Network activity increased during this period, with daily transfers rising over 22% to 5,640. Daily trading volume more than doubled to surpass $112 million.
On the technical front, QNT broke above a falling wedge correction pattern and retested support at $188. The token faces immediate resistance at $213. Both the Bull Bear Power indicator and Chaikin Money Flow have turned positive, signaling capital inflows into the asset. Analysts note that maintaining support above $200 would be necessary to challenge resistance levels at $213 to $220.
