Stargate Finance Achieves New Milestone with 1 Million Transactions in a Single Month

Stargate has crossed $1 billion in monthly volume for the first time, as reported on April 15. Aside from the monthly volume, Stargate has seen over 1 million transactions in a single month for the first time in April.

Stargate has crossed $1B in monthly volume for the first time 📈

It’s been a month of record-breaking activity on Stargate so far, and we couldn’t be more excited 🥳 pic.twitter.com/sMHie4zYsu

— Stargate (@StargateFinance) April 14, 2023

The recent surge comes after a series of collaborations the protocol has had lately. For instance, Dex aggregator, OpenOcean, has integrated Stargate to power its cross-chain swap bridge across seven blockchains: Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, and Optimism. Further, ZSwap has integrated Stargate to let users bridge their assets directly from the app.

Aside from that, Arbidex, Rubic, and Layer3 have integrated Stargate into its #crosschain ecosystem, allowing users to swap native stablecoins via Stargate to any of the seven chains the protocol supports.

Stargate DAO was also one the recipient of $ARB airdrop and received about 1.6 million $ARB. The Stargate platform is powered by its native token STG, which can also be staked and serves as a governance token.

With a market capitalization of $149 million, Stargate ($STG) is trading at $0.8833, up 2.59% in 24 hours. The total volume locked by Stargate is 441.14 million, with 117.94 million on Arbitrum. BSC News reached out to Stargate to learn more about the recent development but we didn’t get an immediate response.

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What is Stargate Finance:

Stargate is a cross-chain bridge protocol that eliminates the need for wrapped tokens and allows users to send and receive tokens to non-native chains directly. The protocol’s primary goal is to provide seamless cross-chain bridging within a single transaction.

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