The largest coding platform in the world adds in size to support a new liquidity infrastructure project, causing the original assets to rise.
In a new advertisement, Binance He says On May 2, he offered support to the decentralized omnichain protocol (Sto).
“Binance is to announce the seventeenth project on the Hodler Air Redrops – Stakestone, a protocol for the infrastructure of multiple central liquidity designed to convert how to gain liquidity, distribute and use it through ecosystem in Blockchain.”
Hodler Airdrops, which was launched in June 2024, is equivalent to those who hold original Binance origins BNB With encryption based on previous clips of their balances.
The addition news caused the STO explosion, as it moved from the lowest level on May 2 at $ 0.118 to the peak of $ 0.204 after just hours. Digital assets have been recovered since then and have been traded for $ 0.197 at the time of writing this report, an increase of 64.3 % over the past 24 hours.
The white paper of the project He says It aims to solve the issue of liquidity division in the digital asset industry.
“The fragmentation of liquidity through the various chains and protocols through the Blockchain system leads to billions of dollars in the seized capital and the chances of lost return, which reduces the creation of value and the growth of the ecosystem.
Users face complex workflow and high costs when transferring assets between chains, while protocols are struggled to maintain deep liquidity pools.
Stakestone acts as a layer of constituent infrastructure that allows the distribution of effective liquidity across Blockchain. By providing a unified framework for liquidity management across the series, Stakestone enables the users and emerging to reach the capital and spread it efficiently. ”
Sto was also part of the Binance Alpha, a wallet feature that started in December 2024. At that time, the encryption exchange He said It was a “new platform inside the Binance wallet that lights up highlighting the early stage encryption projects with the possibility of growth within the Web3 ecosystem.”
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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