{"id":59217,"date":"2022-03-25T11:29:46","date_gmt":"2022-03-25T09:29:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59217"},"modified":"2025-09-04T20:42:04","modified_gmt":"2025-09-04T17:42:04","slug":"stargate-cross-chain-bridge-liquidity-tops-2-billion-within-a-week-of-launch","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/stargate-cross-chain-bridge-liquidity-tops-2-billion-within-a-week-of-launch\/","title":{"rendered":"Stargate cross-chain bridge liquidity tops $2 billion within a week of launch"},"content":{"rendered":"<p>Total value locked (TVL) deployed in the Stargate cross-chain bridge built on the LayerZero protocol reached $2.5 billion a week after launch. Data from <a href=\\\"https:\/\/defillama.com\/protocol\/stargate\\\">DeFi Llama<\/a>.<\/p>\n<p>\\n\\n<!--more-->\\n\\n<\/p>\n<p>On March 18, the Stargate team sold 100 million native STG tokens at auction. The proceeds were directed toward providing initial liquidity for the protocol. In total, the project raised $25 million.<\/p>\n<p>\\n\\n<\/p>\n<p>The initial price of STG during the auction was $0.25. Investors were offered a vesting period of one year.<\/p>\n<p>\\n\\n<\/p>\n<p>As of writing, the token price of Stargate is $3.50, according to <a href=\\\"https:\/\/www.coingecko.com\/en\/coins\/stargate-finance\\\">CoinGecko<\/a>. Over the last 24 hours the asset rose 66.4%.<\/p>\n<p>\\n\\n<\/p>\n<p>The cross-chain protocol supports the Ethereum network, <a href=\"https:\/\/forklog.com\/en\/news\/binance-smart-chain-to-be-renamed-bnb-chain\">BNB Chain<\/a>, Avalanche, Polygon, Fantom, and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">layer-2 solutions<\/a> Arbitrum and Optimism.<\/p>\n<p>\\n\\n<\/p>\n<p>The platform offers yield farming on popular stablecoins with annual yields of 25%\u201331%.<\/p>\n<p>\\n\\n<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"362\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/Stargate-1024x362.png\\\" alt=\\\"\u041e\u0431\u044a\u0435\u043c \u043b\u0438\u043a\u0432\u0438\u0434\u043d\u043e\u0441\u0442\u0438 \u043a\u0440\u043e\u0441\u0441\u0447\u0435\u0439\u043d-\u043c\u043e\u0441\u0442\u0430 Stargate \u043f\u0440\u0435\u0432\u044b\u0441\u0438\u043b $2 \u043c\u043b\u0440\u0434 \u0432 \u0442\u0435\u0447\u0435\u043d\u0438\u0435 \u043d\u0435\u0434\u0435\u043b\u0438 \u043f\u043e\u0441\u043b\u0435 \u0437\u0430\u043f\u0443\u0441\u043a\u0430\\\" class=\\\"wp-image-168523\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/Stargate-1024x362.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Stargate-300x106.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Stargate-768x271.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Stargate.png 1129w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Data: <a href=\\\"https:\/\/stargate.finance\/farm\\\">Stargate Finance<\/a>.<\/figcaption><\/figure>\n<p>\\n\\n<\/p>\n<p>Unlike many other cross-chain bridges, Stargate does not use token wrapping\u2014a process in which assets must be minted and burned continuously to transfer them from one network to another. Instead, an omnichain token is employed, which, according to the developers, enhances security and simplifies moving coins between different ecosystems. Earlier in September, the developers of LayerZero&#8217;s omnichain protocol <a href=\"https:\/\/forklog.com\/en\/news\/binance-labs-and-multicoin-capital-invest-in-layerzero-omnichain-protocol\">raised $6 million<\/a> from Binance Labs, Multicoin Capital and other well-known venture firms.<\/p>\n<p>\\n\\n<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TVL of the Stargate cross-chain bridge reached $2.5 billion a week after launch.<\/p>\n","protected":false},"author":1,"featured_media":59218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1210,1093,1780],"class_list":["post-59217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cross-chain-protocols","tag-defi","tag-stargate"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=59217"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59217\/revisions"}],"predecessor-version":[{"id":59219,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59217\/revisions\/59219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/59218"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=59217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=59217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=59217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}