The world’s largest cryptout exchange platform according to volume adds support for a new liquidity infrastructure project, which has its original access to the skyrocket.
In a new announcement, Binance says that on May 2, it was supported by the decentralized Omnichain protocol Stakestone (Mare).
“Binance is pleased to announce the 17th project on the Hodler AirDrops page -Stakestone, a decentralized Omnichain -compulsory infrastructure protocol designed to convert how liquidity is acquired, distributed and exploited over blockchain ecosystems.”
Hodler AirDrops program, which was launched in June 2024, rewards those who hold Binance’s Native Asset BNB with crypto based on previous snapshots of their balances.
News about the supplement got STO to explode, as it went from May 2 at $ 0.118 to a top of $ 0.204 just hours later. The digital asset has since been recalled and trade for $ 0.197 at the time of writing, an increase of 64.3% over the past 24 hours.
The project’s whitepaper says It aims to solve the issue of liquidity fragmentation in the industry for digital assets.
“The fragmentation of liquidity over various chains and protocols over the blockchain ecosystem results in billions of dollars in captured capital and missed return opportunities, which reduces value -creating and ecosystem growth.
Users are facing complex workflows and high costs when moving assets between chains, while protocol struggles to maintain deep liquidity pools.
Stakestone acts as a basic infrastructure layer that enables effective liquidity distribution throughout the blockchain ecosystem. By providing a standardized framework for the forced chain Liquidity Management, Stakestone provides both established and new networks to access and distribute capital effectively. ”
Sto was also part of Binance Alpha, a wallet function that started in December 2024. At that time mentioned It was “a new platform in the Binance wallet that shines a headlight on crypto projects at an early stage with the potential to grow within the web3 ecosystem.”
Generated Picture: Midjourney
