Gate News Bot news, August 11, according to CoinMarketCap data, as of the time of writing, STG (StarGate Finance) is currently priced at $0.19, up 15.54% in the last 24 hours, with a high of $0.20 and a low of $0.15. The current market capitalization is approximately $127 million, an increase of $17.1 million compared to yesterday. StarGate Finance is a global liquidity layer that connects over 50 blockchains, enabling assets to move instantly and securely to where they are needed. Since 2022, StarGate has become the global liquidity layer driving cross-chain asset movement across over 80 blockchain ecosystems. The platform supports cross-chain transfers of various cryptocurrencies such as USDC, USDT, ETH, BTC, aiming to make funds flow like information on the internet.

According to a report by Jinse Finance, the LayerZero Foundation has proposed the acquisition of StarGate (STG), bringing the bridge back home.

According to a report by Jinse Finance, Nansen data shows the following rankings of Smart Money's 24-hour fund inflows on the Ethereum network: MKR: about $2.146 million, now reporting $2897, a 24-hour decline of 5.8%; LDO: about $871,500, now at $1.95, up 4% in 24 hours; STG: Approximately $461,500, currently trading at $0.39, with a 24-hour increase of 1.83%.