Overview

This report focuses on blockchain industry developments from February 3 to February 7. Stargate Finance TVL surpasses $868 million; Dinero TVL exceeds $205 million; Hyperliquid’s cumulative revenue surpasses $70 million; Berachain announces mainnet launch on February 6; Storm Trade TVL increases by 26.77% in 7 days, reaching $33.96 million; Galxe ecosystem expansion accelerates with 287% user growth.

Project

Stargate Finance TVL Surpasses $868M

Stargate Finance’s TVL has grown significantly, reaching $868 million. The platform, known for its cross-chain liquidity solutions, has attracted substantial capital support. With a market cap of $55.71 million and a token price of $0.27, Stargate generates $2.67 million in annualized fees and $1.21 million in annualized revenue—demonstrating strong operational efficiency and profit potential. As the DeFi market continues to evolve, Stargate’s innovative approach and competitive edge position it well for increased adoption and growth.[1]

Dinero TVL Exceeds $205M

Dinero’s TVL has reached $205 million. The platform enhances the Ethereum ecosystem by combining ETH liquid staking tokens, decentralized stablecoins, and public RPC services to improve capital efficiency and user returns. With a current market cap of $45.21 million and a token price of $0.069, Dinero’s recent growth in platform liquidity and user engagement demonstrates the increasing appeal of its economic model and products.[2]

Hyperliquid Cumulative Revenue Surpasses $70M

Hyperliquid’s cumulative revenue has shown steady and rapid growth since the beginning of the year, now reaching $74.47 million. Hyperliquid has attracted numerous users as a decentralized trading platform through its efficient trading mechanisms and innovative features. The revenue growth reflects increasing market demand as DeFi and related sectors expand.[3]

Berachain Announces Mainnet Launch on February 6

Layer 1 blockchain project Berachain has announced its mainnet launch and token generation event (TGE) for February 6. The announcement includes tokenomics details and an airdrop checker, marking a key milestone in its ecosystem development. Berachain implements a Proof of Liquidity (PoL) consensus mechanism featuring three tokens: BGT, BERA, and HONEY. This model enhances liquidity management while offering users various ways to participate in on-chain activities. Following the mainnet launch, Berachain plans to grow its ecosystem steadily to draw in more developers and users.[4]

Storm Trade’s TVL Rises 26.77% to $33.96M in 7 Days

According to DeFiLlama data, Storm Trade’s TVL has increased by 26.77% over seven days to $33.96 million. As the first trading platform on the TON blockchain, Storm Trade enables users to trade cryptocurrencies, stocks, forex, and commodities with leverage through web applications and Telegram. This growth shows increased activity and user engagement on the TON chain. The rising TVL demonstrates growing market demand for such services and highlights Storm Trade’s potential in providing trading channels and facilitating asset liquidity.[5]

Galxe Ecosystem Expansion Accelerates with 287% User Growth

The Galxe ecosystem is experiencing explosive growth, with 362,000 credentials issued as of Q3 2024. Galxe users increased from 2.6 million in Q4 2023 to 10 million in Q3 2024, a 287% growth, reaching 31.4 million unique active users. Over 6,500 projects have created tasks through Galxe, with 977,000 Galxe Passport holders.

Following the launch of its high-performance Layer-1 blockchain Gravity Alpha mainnet, it has achieved 25.2 million wallet addresses and an average of 2.6 million daily transactions. Gravity is expected to launch its mainnet in Q4 2025. [6]

Notice
Users should exercise caution when participating, be mindful of risks, and conduct thorough research before involvement. Gate.io does not guarantee the future development of projects.


References：

1. Defillama,https://defillama.com/protocol/stargate-finance
2. Defillama,https://defillama.com/protocol/dinero
3. Defillama,https://defillama.com/protocol/hyperliquid?revenue=true&groupBy=cumulative&tvl=false
4. X,https://x.com/berachain/status/1886777450480259265
5. Defillama,https://defillama.com/protocol/storm-trade
6. X,https://x.com/Galxe

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