2023-02-02
STG tokens price surges 114% between Jan 2, 2023 and Feb 2, 2023. STG
tokens have been listed on Binance since August 2022. Listing on Binance play
an important role on effect of the price. Stargate Finance is a cross-chain
bridge protocol with STG as its native tokens. It is a liquidity transfer
protocol that allows users to bridge cryptocurrencies cross chains. Currently,
there are 8 blockchain available including Ethereum, BSC, Arbitrum, Avalanche,
Polygon, Optimism, Metis, and Fantom
Stargate finance has been built on the Layer Zero protocol and one
of the advantages of bridges on Stargate is swapping coins across chains
without having to swap and bridge separately. It currently focuses on
Stablecoins and ETH.
Stargate Finance’s main competitor is Circle which recently announce
cross-chain protocol. Circle will implement the
protocol with USDC first, enable USDC to transfer cross-chain such as transfer
USDC from Ethereum to Avalanche and vice versa.
