- Among the cross-chain bridges, Stargate tops the table in terms of volume bridged and transactions.
- Money markets like Radiant Capital are leveraging on Stargate’s stable router interface to allow users to borrow and bridge across chain. Such integrations are no doubt a boon for Stargate.
- In the last 24h over $100m has gone through the protocol in ~377k transactions. One thing to note is that compared to the other top bridges, Stargate’s volume to transaction ratio seems a little skewed.
- Notably, Stargate trades at a fully diluted valuation of $784m, more than triple the valuation of Synapse ($214m) and more than 5 times higher than Hop ($140m). However, that is still lower than the first runner up, Multichain whose FDV is the highest of the lot, coming in at $960m.
- Sources: DefiLlama, CoinMarketCap, CoinGecko
