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
Tether releases the first global USDT ecosystem map, "USDT Tether Directory"
Odaily Planet Daily reports that Tether has released its first global USDT ecosystem map, "USDT Tether Directory." This is a public resource aimed at outlining how and where global users utilize USD₮ across exchanges, payment platforms, wallets, infrastructure providers, and other financial service institutions.
GateNewsBot4m ago
Sui Joins Ethereum and Solana as Coinbase-Supported Token Standard
Coinbase has adopted the Sui token standard, enhancing trading and custody services for Sui alongside Ethereum and Solana. This partnership aims to simplify asset management for institutions and developers, reflecting growing interest in Sui-based investment products.
CryptoNewsFlash10m ago
SoFi Hong Kong has reached a strategic partnership with OSL Group to integrate the OSL Omnibus Pro service.
OSL Group and SoFi Hong Kong have reached a strategic partnership to provide trading execution, custody, and wallet management services. This marks SoFi's first global expansion of its digital asset business, aiming to enhance customer service experience and promote the integration of the digital asset industry into the mainstream financial system.
GateNewsBot43m ago
LayerZero Launches ‘Zero’ Layer 1 as Citadel, ARK Buy ZRO - Unchained
LayerZero is launching a new Layer 1 blockchain named Zero, designed for tokenized markets and high-throughput finance. Notable investors include Citadel Securities and ARK Invest, with partnerships involving Google Cloud and DTCC, aiming for high scalability and efficiency.
UnchainedCrypto54m ago
UK asset management firm Aviva Investors partners with Ripple to launch tokenized funds on the XRP Ledger
Aviva Investors partners with Ripple to issue and manage tokenized fund products on the XRP Ledger. This is their first foray into tokenized funds, aiming to incorporate blockchain into traditional asset management, with Ripple providing technical support.
GateNewsBot57m ago
TON Pay Aims to Turn Telegram Into a Crypto Checkout Layer for 1.1B Users
The TON blockchain has launched TON Pay, a new shared payments layer for any app deployed on its network.
The new patform, which comes with instant onchain settlement, aims to turn Telegram into a crypto checkout system for over 1 billion users.
The TON blockchain has announced the launch
CryptoNewsFlash1h ago
