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.
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
Cardano launches USDCx stablecoin infrastructure, liquidity expands against the trend as TVL declines
Cardano partners with Circle to launch the USDCx stablecoin framework, enabling 1:1 minting and redemption to enhance on-chain US dollar liquidity. Although the total locked value remains low, it has already integrated with multiple decentralized platforms. This move helps promote the development of compliant stablecoin infrastructure and lays the foundation for future DeFi applications. In the future, the conversion of stablecoin funds into on-chain demand will determine the potential for TVL recovery.
GateNews17m ago
Ripple Tokenization: $280 million worth of diamonds, XRPL RWA market cap surpasses $1.9 billion
Ripple's Ripple Custody assisted Ctrl Alt and Billiton Diamond in completing diamond tokenization transactions worth over $280 million, bringing their certified polished diamonds onto the XRPL blockchain, promoting the development of real-world asset tokenization. This transaction demonstrates the potential of XRPL in high-value asset on-chain applications and helps improve market transparency and efficiency.
MarketWhisper38m ago
Cardano Launches USDCx Stablecoin Backed by Circle’s USDC
Cardano introduced its new stablecoin, USDCx, backed by Circle’s USDC.
The new stablecoin will help expand DeFi and improve interoperability across the blockchain network.
The announcement follows Cardano’s introduction of its new stablecoin, USDCx, which Circle backs 1:1 with its widely used USD
TheNewsCrypto47m ago
Chainlink CCIP connects to the Canton network, enabling the cross-chain transfer of $8 trillion in RWA assets.
Chainlink integrates with Canton Network to enable real-time data and cross-chain support, driving the tokenization of real-world assets. The new deployment improves loan, margin management, and settlement efficiency, supporting up to $8 trillion in on-chain assets, providing a trusted data layer for institutional finance. The future outlook for the RWA market is optimistic, but regulatory and market acceptance need to develop in tandem.
GateNews47m ago
Over $280 million worth of diamonds tokenized on the XRP Ledger, Ripple teams up with the UAE to create a new on-chain luxury goods paradigm
Ripple announces the successful tokenization of over 1 billion dirhams worth of diamonds, utilizing the XRP Ledger to record digital ownership. This project improves transaction efficiency, lowers investment barriers, and demonstrates the potential of blockchain in high-value asset management. Regulatory support in the UAE provides a model for luxury blockchain transactions and is expected to extend to more traditional assets in the future.
GateNews58m ago
REX Shares Launches GIF ETF, Collaborating with CEX and Strategy, Weekly Dividend Strategy Focused on High-Yield Crypto and AI Sectors
REX Shares Launches Income-Producing Product GIF ETF, Combining Leverage and Covered Call Strategies to Invest in Cryptocurrencies and Tech Stocks, with Weekly Distributions. The fund allocates to multiple sub-funds to seek high returns but should be cautious of leverage risks and option limitations.
GateNews1h ago
