STG (Stargate Finance) 24-hour increase of 26.50%

STG-4,56%

Gate News Bot Report, February 11 — According to CoinMarketCap data, at press time, STG (Stargate Finance) is trading at $0.20, up 26.50% in the past 24 hours, with a high of $0.21 and a low of $0.12. The 24-hour trading volume reached $78.3 million. The current market cap is approximately $135 million, an increase of $28.3 million from yesterday.

Recent Important News on STG:

1️⃣ Changes in Cross-Chain Bridge Competition Landscape
Stargate Finance, as a leading cross-chain liquidity protocol, is facing significant adjustments in its market position. The LayerZero Foundation has proposed acquiring Stargate, reflecting a trend of consolidation in the cross-chain communication infrastructure sector. This deal’s valuation is closely related to the market’s reassessment of Stargate’s core value, directly supporting the price of the STG token.

2️⃣ Multiple Acquisition Bids Boost Market Expectations
Wormhole project has followed with competing acquisition offers, creating a multi-party bidding situation. This intense competition indicates increased recognition among market participants of the strategic value of Stargate’s cross-chain infrastructure, further strengthening investor confidence in the project’s development prospects and serving as a key psychological support for recent price increases.

3️⃣ Signs of Revival in the Cross-Chain Sector
Against the backdrop of renewed market interest in Web3 infrastructure, Stargate, as a representative of cross-chain liquidity solutions, has attracted strategic investments from several major projects. This reflects the growing importance of cross-chain technology within the DeFi ecosystem, driving increased attention and trading activity in the entire niche.

This message is not investment advice. Investors should be aware of market volatility risks.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Chainlink Selected as Data Oracle for Ondo’s Tokenized Stock Expansion Into DeFi

Chainlink Data Feeds for SPDR, Invesco and Tesla are live on Ethereum as Ondo’s official oracle for tokenized stocks. Euler now supports the three options contracts as collateral, letting users borrow stablecoins using Chainlink pricing data. Ondo Finance has announced a new partnership

CryptoNewsFlash52m ago

Ceffu Adds Support for Franklin Templeton’s On-Chain Money Market Fund

Ceffu, a well-known institutional digital asset custody entity, is expanding its custody support. In this respect, Ceffu is now offering custody support for the tokenized U.S. government money market fund of Franklin Templeton, a prominent investment management firm. As per Ceffu’s official press re

BlockChainReporter53m ago

VeChain and Rekord Build EU Digital Product Passport at Industrial Scale

VeChain and Rekord are deploying DPP infrastructure aligned with the EU’s ESPR, which entered into force on July 18, 2024. The EU is expected to deploy a central Digital Product Passport registry by July 2026, ahead of early DPP-related compliance phases scheduled for 2027. VeChain and Rekor

CryptoNewsFlash1h ago

Stellar Partners With TopNod to Boost Wallet Adoption Across Asia, Africa, and Latin America

Stellar has struck a new partnership with TopNod to increase wallet access in Asia, Africa, and Latin America. The two partners will target real-world assets and stablecoins, with TopNod’s key sharding and TEE eliminating the need for seed phrases. The Stellar Development Foundation has

CryptoNewsFlash1h ago

Trump-Backed World Liberty Financial Launches World Swap Remittance Platform

World Liberty Financial has unveiled plans to introduce a new foreign exchange and remittance platform called World Swap. This platform aims to simplify global money transfers and reduce high transaction fees. The venture is backed by the family of former U.S. President Donald Trump, raising some

CryptoBreaking1h ago
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)