The the value of the cryptocurrency Stargate Finance (STG) skyrocketed, witnessing over 43% surge which raised concerns if the spike will be sustained. A collaboration with Taiko for a DeFi season finale was announced which further stirred the market. There are predictions pointing towards a potential price spike following the launch of Stargate’s Version 2. The new version is expected to maintain investors' interest in the cryptocurrency. Stargate Finance has made strides in enabling cross-chain asset transfer. It also experienced a 77% surge following its listing on Upbit and the release of its V2.
A scammer was reported to have stolen $43,000 on Stargate Snapshot through a phishing link. Despite challenges, Stargate Finance managed to attract $1.9B in less than a week. It successfully integrated with Flare and made connections with over 25 chains. Moreover, Stargate is a prime player in promoting interoperable DeFi as it fortifies collaborations with foundations such as Aptos and LayerZero. On a slightly sour note, the cryptocurrency faced the termination of support on the token reissuance from several crypto exchanges.
Despite encountering setbacks such as delisting on Coinbase and phishing attacks, Stargate's token reissuance strategy following the Alameda Wallet Hack continues. Stargate Foundation, however, issued a warning against the proposal of reissuance. Amidst all these, Stargate has demonstrated impressive progress like its partnership with Metis for more efficient interoperability. There's been notable anticipation towards LayerZero Labs’ 2024 token launch, and its integration with Metis to facilitate the first blockchain expansion since its initial launch.
Stargate Finance News Analytics from Fri, 18 Mar 2022 00:21:48 GMT to Tue, 20 Aug 2024 07:00:00 GMT - Rating 7 - Innovation 5 - Information 6 - Rumor 1