An under-the-radar cross-chain token trading platform based on Ethereum (ETH<\/a>) has emerged as a new frontrunner in the decentralized app (DApp) space, according to blockchain intelligence platform DappRadar.<\/p>\n In a new month reports,<\/a> DappRadar indicates Stargate Finance (STG<\/a>) has shot to the top of the charts in terms of the number of unique active wallets (UAW) interacting with its protocol.<\/p>\n Stargate registered 2.04 million UAWs in May, a number DappRadar refers to as “staggering.”<\/p>\n \u201cThis represents an impressive 40% increase from the previous month, a substantial achievement, especially considering the DApp only gained significant traction in the last two months. Surpassing the once dominant PancakeSwap, Stargate Finance marks its territory in the ever-expanding DApp landscape, becoming the preferred DeFi (decentralized finance) choice in Ethereum scaling solutions.\u201d<\/em><\/p>\n Stargate’s 2.04 million UAW figure nearly doubles the 1.03 million registered by the decentralized crypto exchange Uniswap (UNI<\/a>, The cross-chain token trading platform also reached<\/a> $10 billion in lifetime volume in late May.<\/p>\n In March, top US crypto exchange Coinbase delisted<\/a> Stargate Finance for failing to live up to listing standards.<\/p>\n STG, the project’s native token, is trading at $0.687 at the time of writing. The 217th-ranked crypto asset by market cap is up more than 2.5% in the past 24 hours but remains down over 83% from its all-time high of $4.14, which it registered in April 2022.<\/p>\n Don’t Miss a Beat SUBSCRIBE<\/a> to get crypto email alerts delivered directly to your inbox <\/span><\/em>
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