Stargate Finance Shoots to Top of DApp Charts With 2M Unique Wallets
• Ethereum-based cross-chain trading platform Stargate Finance (STG) has emerged as a new front runner in the decentralized app space, according to blockchain intelligence platform DappRadar.
• STG registered 2.04 million unique active wallets (UAWs) in May, an impressive 40% increase from the previous month and surpassing the once dominant PancakeSwap.
• STG’s native token is currently ranked 217th by market cap and is trading at $0.687 at time of writing.
Ethereum-Based Cross-Chain Trading Platform Emerges As New Front Runner in Decentralized App Space
An under-the-radar cross-chain token trading platform based on Ethereum (ETH) has emerged as a new frontrunner in the decentralized app (DApp) space, according to blockchain intelligence platform DappRadar. In a new monthly report, DappRadar indicates Stargate Finance (STG) has shot to the top of the charts in terms of the number of unique active wallets (UAWs) interacting with its protocol.
Stargate Records 2 Million Unique Active Wallets
Stargate registered 2.04 million UAWs in May, a number DappRadar refers to as “staggering” – representing an impressive 40% increase from the previous month and surpassing the once dominant PancakeSwap.
STG Reaches $10 Billion Lifetime Volume
In addition to its impressive user base growth, Stargate Finance also reached $10 billion in lifetime volume in late May – becoming the preferred DeFi choice for scaling solutions on Ethereum.
Coinbase Delists STG Token
In March 2021, top US crypto exchange Coinbase delisted Stargate Finance for failing to live up to listing standards. The project’s native token STG is currently ranked 217th by market cap and is trading at $0.687 at time of writing – down over 83% from its all-time high of $4.14 which was registered back in April 2022.
Conclusion
Despite facing delisting from Coinbase earlier this year, it appears Stargate Finance’s user base continues to grow significantly – making it a noteworthy contender within the DeFi space on Ethereum scaling solutions
