More stability, faster, and greater flexibility
Stargate, built on cross-chain technology by LayerZero, becomes the new bridge for $RADAR, the token that powers DappRadar, the World’s Dapp Store. By utilizing Stargate, the community can expect more stability, higher security, cheaper transactions and a faster service.
DappRadar envisions a future where RADAR liquidity is available on every chain, but that also requires bridging technology to be fast, secure, cheap and easy to use. Did you know that if you use DappRadar’s token swap feature, it’s likely you already utilized Stargate in the background?
DappRadar wants to offer the best and fastest options for the RADAR community, but our previous bridging service disabled routing. This meant that bridge transactions could potentially take a few hours. However, now we introduce Stargate as our preferred bridging service, built on LayerZero and its decentralized verifier networks.
Three years ago, we launched RADAR as a token on the Ethereum blockchain. Since then we’ve expanded to BNB Chain and Polygon. However, this also meant that liquidity became more fragmented. By working with Stargate Finance, DappRadar is now happy to offer a bridging service that’s fast and secure. Moreover, liquidity becomes much better accessible.
The benefits of using Stargate as bridge
Stargate Finance has become one of the industry leaders when it comes to bridging services. Powered by LayerZero, the bridging service currently has a TVL of $435 million. Activity on Stargate has been on the rise since May, and currently the network processes approximately $55 million per day from 35,000 to 40,000 transactions across chains like Ethereum, Arbitrum, Optimism and Base.
The platform’s success doesn’t come out of nowhere, because Stargate offers some of the best features available on the market:
- Unified liquidity – Stargate utilizes a single liquidity pool for seamless token swaps across multiple blockchains.
- Native tokens – Users can transact tokens natively across chains without the need to wrap tokens.
- Interoperability – Like DappRadar, Stargate is built for an omnichain future, making the platform interoperable across many chains.
- Decentralization – LayerZero utilizes decentralized oracles and validators, which ensure accurate cross-chain messaging and resilience against exploits.
- Low fees – Since Stargate V2 launched in Spring 2024, the bridging service has become very competitive in both speed and pricing.
Features offered by LayerZero
As mentioned, Stargate is built on top of LayerZero, an omni-chain interoperability protocol that facilitates secure, scalable and efficient cross-chain communication. This service wants to become part of every tech stack, letting dapps take advantage of the benefits of various individual chains by sacrificing security or decentralization.
The major benefit of LayerZero is that it offers a unified framework. Which means that developers don’t have to do chain-specific integrations. This means that users can seamlessly transfer assets between different blockchains, including cryptocurrencies and NFTs. This enables all kinds of cross-chain actions, such as swapping, lending and claiming rewards.
Bridge your RADAR now
We’re excited to work with Stargate, and offer the DappRadar community access to the best bridging experience the market has to offer. You can for example bridge your RADAR now to the chain of your choice, and stake your tokens to become a PRO member.
