Router Protocol, an interoperability layer that connects diverse blockchains, has disclosed an exclusive development. As per the company, it has accomplished oversubscribed funding that took into account the participation of well-known crypto funds and angels. The platform shared a comprehensive blog post to provide the details about this move.
Router Protocol Accomplishes Its Oversubscribed Funding The firm expressed enthusiasm about this endeavor. It mentioned that the strategic round had a chief target of expanding the cap table of Router. In this respect, the project took into account the cryptocurrency operators who thoroughly comprehend that the cross-chain infrastructure is important. They also know that this can speed up the ecosystem advancement while Router upgrades into an L1 blockchain platform.
Additionally, the firm also revealed that a distinctive group of proficient Web3 executives and founders participated in the project. They reportedly came in as advisors and angels. These personalities took into account Ravindra (Frontier), Amitej (Stader), Anurag Arjun (Avail), Aniket (Biconomy) and Amrit Kumar (Altlayer). They also included Parker Jou (Caldera), Keone Hon (Monad), and so on.
According to Router Protocol, it also obtained huge support from the platform’s existing investors. They included prominent market players like Luganodes, RavenDAO, CryptoBantere, DeFi Capital, Woodstock, and Wintermute Ventures. This reportedly denotes a testament to their solid belief in the company’s vision. The other famous angels and advisors included Surojjit Chatterjee (EMA, Flipkart, Google, Coinbase), Gokul Rajaram (Google/Doordash), and so on.
The firm added that it will strategically deploy the respective funding’s proceeds to push forward its development. Apart from that, it will also utilize them for the highly speculated mainnet release of Router Chain. The company claimed that it is poised to revolutionize the fund transaction by minimizing the blockchain complexity. Hence, this would reportedly unlock a new epoch of smooth cross-chain applications as well as user experiences.
The Platform Also Releases the Router Ecosystem Grants Program to Help Router Chain Projects Router Protocol’s CEO “Shubham Singh” also remarked on this initiative. As per the executive, the ecosystem’s swift expansion is thrilling. He added that cross-chain projects such as FolioX, StakeEase, and several others are leveraging the firm’s interoperability measures. To speed up the platform’s growth, it has also announced the impending release of the Router Ecosystem Grants Program. It will offer significant financial resources and support to profitable projects on the Router Chain.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Coinbase Global Inc. adds Stader (SD) to its roadmap, a significant milestone that underscores the maturity of the Stader Labs’ governance token.
Crypto exchange Coinbase today confirms the addition of the Stader (SD) digital currency to its roadmap through the official X page. By formally adding SD, Coinbase recognizes the pivotal input the ERC-20 token has towards Ethereum (ETH) decentralization and Stader protocol.
Assets added to the roadmap today: Stader (SD)https://t.co/rRB9d3hSr2
— Coinbase Assets 🛡️ (@CoinbaseAssets) July 10, 2024
Coinbase Vote of Confidence on SD The bullish update coincides with the surge in SD price, lifting the liquid staking governance token among the largest digital asset gainers. Bulls are in control as SD rallies 88% in 24 hours to exchange hands at $0.7539. At press time, CoinGecko data shows the same uptrend applies to its market capitalization, now worth $33.26 million from a circulating supply of 41 million.
As America’s largest crypto exchange, Coinbase conforms to a strict listing policy for all digital currencies. The exchange reiterates that listing tokens on its roadmap hinges on the initiative’s technical, legal, and compliance standards.
SD debut on the Coinbase roadmap and for possible future listing affirms the Stader governance token maturity in its bid to further ETH decentralization within the SD Utility Pool. However, Coinbase cautions that the addition of a token to its roadmap does not guarantee future listing.
SD Rejuvenation Path The SD token taps the roadmap update with its trading volume 186.30% up in the past 24 hours to $5,976,529, signaling an accelerated rise in market activity. SD’s emergence traces to the onset of 2022, with the token setting an all-time high (ATH) of $30.17 in March. However, SD lost the appeal as its value plunged to a low of $0.2368 in October.
Market data confirms the Stader struggles with five days of flat price action trailing today’s bullish jump. Despite SD price comparatively 97.28% below its ATH, today’s rally positions it on a rejuvenation path of 18.8% gain in the past 30 days.
CoinGecko indicates that SD’s 28.60% price increase in the past seven days outperforms the global crypto market, down 2.60%. Consequently, the Coinbase roadmap update is a potential shift in SD’s accessibility to investors served by the US exchange and a potential catalyst for further price action.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Coinbase, the leading crypto exchange in the US, recently announced that it will include Stader (SD) in its asset listings roadmap.
This announcement spurred a dramatic surge in SD’s price.
SD Token Price Surges Amid New ListingsAccording to BeInCrypto’s data, SD has risen nearly 104% from $0.417695 to $0.850730 within just four hours. Despite the initial surge, SD’s price has stabilized. It is trading at $0.642826 at the time of writing.
Read more: Top 7 High-Yield Liquid Staking Platforms To Watch in 2024
SD Price Performance. Source: BeInCryptoStader is a non-custodial, multi-chain liquid staking platform. It offers users access to some of the most rewarding decentralized finance (DeFi) opportunities across Proof-of-Stake (PoS) networks. These include Ethereum, Polygon, BNB, and Hedera.
SD, Stader’s native token, is an ERC-20 token with a maximum supply of 120 million. This token boasts multiple utilities, including a unique SD Utility Pool, liquidity mining incentives, and a governance role within the Stader protocol.
Stader distinguishes itself from native Ethereum staking by lowering the capital commitment for node operators. Instead of the 32 ETH required for native staking, Stader allows node operators to maintain the network with just 4 ETH.
This reduced bond is supplemented by liquid stakers, enabling the issuance of the ETHx token and representing the entire stake. Furthermore, Stader offers users a 50% reward boost, resulting in a reward rate exceeding 6%, while node operators can earn up to 35% more yields with 8x leverage on their staked ETH.
ETHx Restaking Launch and Chainlink Integration Elevate Stader’s DeFi GameIn December 2023, Stader’s ETHx became an accepted liquid staking token (LST) for restaking on EigenLayer. Starting December 18, 2023, users can restake their ETHx.
They can participate either directly on EigenLayer or through the Early Queue on Kelp DAO. These options aim to maximize the rewards for ETHx holders and enhance the staking experience.
Stader also integrated Chainlink CCIP across the Ethereum and Arbitrum mainnets in June. By leveraging CCIP’s Simplified Token Transfer capabilities, Stader facilitates secure cross-chain transfers of ETHx. Stader is sponsoring the ETHx/ETH Chainlink Price Feed on Ethereum to boost ETHx adoption across DeFi.
“We’re excited to integrate the industry-standard Chainlink CCIP to help secure cross-chain transfers of ETHx. By leveraging CCIP’s level-5 security and advanced risk management infrastructure, we can help increase the adoption of ETHx across DeFi,” Amitej Gajjala, Co-Founder of Stader Labs, said.
Read more: What Is Crypto Staking? A Guide to Earning Passive Income
Stader’s TVL. Source: Token TerminalAccording to Token Terminal data, Stader’s current total value locked (TVL) is $474.74 million. Although this represents a decrease from its year-high of $706.84 million on March 13, the recent inclusion of Stader on Coinbase’s roadmap signals a vote of confidence in its potential, promising further growth and adoption within the crypto community.
American cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has extended its support to Stader (SD), the primary cryptocurrency of the Stader Labs platform. The firm announced its plans to add the coin to its listing roadmap. In a rather expected move, the news has caused an uproar in the crypto ecosystem, evident in the price surge that the coin saw earlier.
Coinbase Fueling the Bullish Stader Performance Top exchange listings are crucial for the visibility of digital assets due to the significant impact that they have. Coinbase is one of the leading players in the crypto sector, therefore, bagging a listing on the platform is a significant win for Stader. The coin is utilized for governance and transaction payments within the Stader ecosystem.
Right after Coinbase’s announcement, SD saw more than a 50% surge as it registered a new high of $0.8507. At the time of this writing, the coin has settled at $0.6678 with a 64.84% increase within the last 24 hours. This is still an impressive price gain for the Stader coin. Additionally, the token’s weekly performance has displayed a positive sentiment with up to a 15% price appreciation over a period of seven days.
Coinbase endorsement of the coin has sent its trading volume on a sizable high. Data from CoinMarketCap shows that Stader’s trading volume has gone up by 231.53% in the last 24 hours. This corresponds with a current trading volume of $7,711,493. Stader’s market capitalization is not left out of the skyrocketing performance.
With a circulating supply of almost 41 million, the coin now has a market cap of $27,220,357 after it registered a 64.84% surge.
Coinbase List Other Tokens amidst Regulatory Debacle All of these metrics further reflect the interconnectedness of a crypto exchange listing and digital assets performance. Book of meme (BOME) experienced a similar sentiment as Stader last month after Coinbase announced support for the crypto.
Precisely, the top cryptocurrency exchange stated that it would add support for the perpetual futures of the memecoin on Coinbase International Exchange and Coinbase Advanced alongside Notcoin (NOT). Within 24 hours of the announcement, the BOME memecoin rose close to 10%, with a 15.31% surge in the trading volume to $271.9 million.
This year, Coinbase has listed a lot of other digital assets including the BRC-20 token ORDI. It also recently teamed up with payment processor Stripe to introduce support for the USDC stablecoin on the Base Network.
Meanwhile, the exchange is still facing regulatory issues with the United States authorities. Coinbase has a pending lawsuit with the Securities and Exchange Commission (SEC) over violation of securities laws. At the beginning of this month, the exchange asked the presiding judge Katherine Polk Failla, to take a cue from a similar case between the SEC and Binance.
The case is still ongoing with the judge yet to give a verdict.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
Understanding Stader's Price Dynamics: The Coinbase Effect and Beyond Stader (SD) token, native governance, and value accrual token for Stader Labs recorded an intraday price surge of 60%. The token showcased a jaw-dropping performance, spiked from $0.4071 on July 9 to $0.6469, at the time of writing with $26,431,200 in market cap and $8,403,183 in 24-hour volume.
Wu Blockchain took to X to highlight SD’s outstanding move, indicating Coinbase as a major reason behind the move.
Source: X
Coinbase, one of the trusted cryptocurrency exchanges recently announced the involvement of SD and QCAD (QCAD) tokens in its listing roadmap. The move doubled the SD token's value and visibility, showcasing the connectivity between exchange listings and cryptocurrency valuations.
The exchange announced the listing of both tokens to list each asset that meets the legal standards, technical security, and compliance. Moreover, the listing of any token doesn't rely on the popularity or market cap of any project and supports native assets on their own network or tokens supporting token standards like Ethereum ERC20, Solana SPL, and Avalanche ARC20.
Stader’s Current Performance Following Coinbase’s announcement, SD experienced a remarkable price surge. The token’s value more than doubled, reaching a high of $0.8507 before settling at $0.6469, Moreover, the token recorded a weekly surge of 0.20% which represents the enhanced interest of investors toward Stader.
Source: X
In the past few days, a surge was witnessed in Stader trading activities, leading to total value locked (TVL) from $528.15 Million on July 6 to $550.5 Million on July 10, According to DefiLlama. Additionally, the token has over 40,763,114 tokens in circulation with a maximum supply of 120,000,000.
Stader Labs Partners with Haven1Apart from listing on Coinbase, Stader Labs, a liquid staking platform also efforting to expand its roots in the crypto world. Partnership with Heaven1 to bring liquid staking to the safe heaven ecosystem as well as to introduce hsETH, a new liquid staking token to enhance user participation in the Ethereum Ecosystem.
Furthermore, the collaboration will also open doors to a wide range of Web3 opportunities within Haven1's secure ecosystem. Stader Labs collaborated with Heaven1 in June 2024.
ConclusionStader's 60% price jump is largely due to its Coinbase listing, which boosted its value and exposure. The token's rise reflects the market's positive reaction to exchange listings and Stader Labs' strategic moves in the crypto space.
Also Read: Top Blockchain Projects Launching in Quarter 2 2024
On July 10th, the cryptocurrency market witnessed significant movements, with notable gains recorded by several tokens. According to data from Top 7 ICO, Stader Labs ($SD) led the day’s gains with an impressive increase of 60.9%. This notable surge reflects strong investor confidence.
Kryptonite, Peipei, and Function X Lead Market Gains with Strong Performances Kryptonite ($SEILOR) came in second with a 43.9% increase. The significant increase suggests that there is more traffic and a good attitude toward the Kryptonite platform. Among the top gainers, $PEIPEI stood third and was up by 42,9%. This upward trend signifies the growing popularity and acceptance of its product, Peipei, in the market.
There was also an increase in Function X ($FX), which was up by 37%. This performance shows that the platform can be expanded and developed within the blockchain sector in the future. Hivemapper ($HONEY) reported a 31.2% increase showing that the project is proving to be popular and well-known among investors.
Sartoshi and Symbiosis Show Strong Gains, Reflecting Market Optimism Sartoshi ($MFER) gained 21.2%, which can be attributed to high demand and belief in the future performance of the cryptocurrency among investors. Lastly, Symbiosis ($SIS) completes the list with 18.1% increase. It suggests positive sentiment and increased trading interest in the token.
Such progress underlines the essence of the cryptocurrency market as a dynamic realm in the modern economy with strong and continuous growth tendencies. The trend realized by these tokens shows that there is possible high risk high return scenario therefore more interest and activities in this sector.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
An altcoin backed by crypto hedge fund Pantera Capital is rallying after the top US crypto exchange Coinbase announced a possible future listing of the token.
In a new announcement, Coinbase says it is adding Stader (SD) to its “listing roadmap,” which alerts customers that the exchange could soon add support for certain assets.
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As the news broke Tuesday, SD shot up from a day low of $0.39 to $0.70 at time of writing, a more than 79% gain. SD had soared to a day’s high of $0.85 before retracing.
SD is the native governance and value accrual ERC-20 token for the Stader protocol, a noncustodial, multi-chain liquid staking platform. The maximum token supply is 120 million.
The project is currently holding a vote on expanding the token’s utility by “leveraging the SD Utility Pool to provide insurance cover for permissioned node operators, ensuring they only have to cover up to four Ethereum (ETH) in slashing penalties, with the excess covered by the pool.”
In 2023, Stader Labs, the development team behind the project, raised $4 Million in seed funding from Pantera Capital and other large investors.
According to Coinbase, the listing roadmap was created in 2022 to increase transparency and reduce the possibility of investors front-running new trading support announcements.
Bitcoin price has turned downward again, but exchanges seem optimistic and continue listings. The largest U.S. cryptocurrency exchange, Coinbase, continues the accelerated listings it started at the end of 2021. A recent announcement was made for a new altcoin. So, which cryptocurrency will be listed?
Last Minute Altcoin ListingCoinbase announced that it will support the Stader (SD) Token, an ERC20 token on the Ethereum network. The listing will be simultaneous on Coinbase and Coinbase Global. Deposits are already active for the listing expected on July 30. If the necessary liquidity conditions are met, the pair will go live at 1:00 PM (ET). For now, only the USD pair will be available.
The exchange is not adding an experimental label to this altcoin, which is positive for SD Token. Following the news, the SD Token price rose above $0.7. The token is already available on many cryptocurrency exchanges, and due to its recent popularity with upper wicks, investors are advised to be cautious about quick returns. The price increased by 40% just today.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Crypto exchange Coinbase has added trading support for Stader (SD), a noncustodial, multi-chain liquid staking platform.
In an announcement, Coinbase says that SD is now available on Coinbase.com and the Coinbase iOS and Android apps.
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Coinbase placed SD on its listing “roadmap” last month, which signals the possibility of future listings for digital assets – triggering significant rallies for the token.
Stader originally aimed to provide liquid staking solutions on the Terra blockchain but expanded to other chains following the 2022 collapse of the Terra ecosystem.
Recently, the Stader community voted to reduce the supply of SD from 150 million to 120 million in a new “tokenomics reboot.”
The project is also currently holding a vote on expanding the token’s utility by “leveraging the SD Utility Pool to provide insurance cover for permissioned node operators, ensuring they only have to cover up to four Ethereum (ETH) in slashing penalties, with the excess covered by the pool.”
In 2023, Stader Labs, the development team behind the project, raised $4 Million in seed funding from Pantera Capital and other large investors.
At time of writing, SD is trading at $0.48, 98.4% down from its all-time high of $30.17 which it hit in March 2022, according to CoinGecko.
Home Altcoins Coinbase Adds New Liquid Staking Altcoin For Trading
U.S. crypto exchange Coinbase will add trading opportunities for Stader (SD), a multichain liquid staking platform now available on Coinbase.com and the iOS and Android apps.
Last month, Coinbase put SD on its listing “roadmap,” which often leads to significant upside for select cryptocurrencies.
Stader (SD) is now live on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.
— Coinbase Assets 🛡️ (@CoinbaseAssets) July 30, 2024
Stader originally provided liquified steaming services on the Terra blockchain, but expanded to other chains after the project crashed in 2022.
Recently, the Stader community voted to reduce SD supply from 150 million to 120 million as part of a “tokenomics reboot.”
In addition, the project voted to expand the utility of the token by using SD’s utility pool to provide insurance for operators of authorized nodes, limiting their penalties for so-called “slashing” to four Etherium (ETH) tokens, with the pool covering any excess.
Slashing is part of the consensus mechanism’s proof-of-stake method for punishing validators with bad intentions.
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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.
Stader crypto price has staged a strong comeback, reaching its highest level since May 9, making it one of the best-performing altcoins this week.
Stader (SD), a prominent player in the liquid staking industry, surged to $0.95, marking a 213% increase from its lowest level this month. This rise has pushed its market cap to $37.90 million, with a fully diluted valuation of $111.7 million.
Stader is a top player in the liquid staking industry. Most of its assets, about $426 million of them, are in Ethereum (ETH), while the remaining ones are in Hedera, Polygon, and Binance Smart Chain. According to its website, Stader has over 100,000 users from around the world.
Liquid staking allows users to swap staked coins for liquid tokens that represent the staked assets. These liquid tokens can then be traded, utilized in decentralized finance protocols, and redeemed for the original staked assets.
The SD token’s recent rally corresponds with the stabilization of assets in its ecosystem. Data from DeFi Llama indicates that the total value locked in Stader’s ecosystem had been declining after peaking at $778 million on March 14, bottoming at $381 million in September before rebounding to $463 million.
This recovery suggests potential further growth as cryptocurrencies continue to regain momentum. For example, Randy, an analyst with over 318,000 followers on X, predicted that Ethereum could climb to $5,000 in the upcoming months.
A notable risk for the Stader price is its maximum supply of 120 million tokens, with a current circulating supply of 40.76 million. The platform releases 1.38 million SD tokens monthly, which could lead to further dilution.
Stader price chart | Source: crypto.news The Stader token also experienced a technical breakout. As shown in the chart, SD surged after forming a falling wedge pattern, a common bullish indicator. Typically, a breakout occurs as the pattern nears its confluence point.
Stader has moved above the 50-day and 200-day moving averages and is approaching the psychological $1 mark. Additionally, the Relative Strength Index and Stochastic Oscillator have signaled upward movement, reaching overbought levels.
Given these technicals, the Stader crypto price may likely pull back and retest the lower side of the wedge pattern at $0.40, about 60% below its current level.
Stader crypto retained its bullish structure on the 4-hour chart. Short-term holders in profit could contribute to SD’s drop below $1 support. Stader [SD] crypto had been in a steady downtrend in September and October. It sustained losses worth 47.5% from the 7th of August to the 2nd of November. Since then, Stader crypto has rallied a whopping 250.7% in six days.
At its peak at $1.5, SD had registered gains worth 414.1% in just over five days. The pullback of the past 12 hours was part of a healthy uptrend, but how deep will this pullback reach?
Stader set to decline below the $1 mark? Source: SD/USD on TradingView At press time, both the psychological round number levels of $1.5 and $1 were key. $1.5 formed the local highs that Stader crypto needed to overcome to resume its uptrend. The $1 support level was tested in recent hours and saw a bounce to $1.14.
This bounce suggested buyers were active at $1 but might not be able to hold on. After a triple-digit percentage move within a week, a deep retracement would only offer investors a chance to re-enter the market.
A pullback below $1 would flip the market structure bearishly, but would also be a healthy outcome for the next price move higher. As things stand, the technical structure on the 4-hour chart and the momentum were in bullish favor.
Profit-taking likely to push Stader crypto southward Source: Santiment On-chain metrics showed that the mean coin age began to trend downward in the final week of September, more than a month before SD rallied past $1. This signaled distribution as prices declined in the past two months.
Is your portfolio green? Check the Stader Profit Calculator
The price surge did not see increased selling pressure, evidenced by the lack of significant peaks on the dormant circulation recently. However, short-term holders were at an enormous profit, averaging 58.6% gains.
This could lead to selling pressure that pulls Stader crypto prices below $1 and toward the moving average support levels at $0.75 and $0.55.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
DeFi platform Stader Labs, known for its liquid staking solutions, ventures into speculative trading with a platform designed to introduce clarity to a turbulent market.
The memecoin sector has surged in popularity over the past year, drawing new and experienced traders to assets defined by rapid price swings, internet-fueled hype, and frequent scams. This high-risk corner of the crypto market has posted monthly trading volumes that exceed $300 billion, with many tokens appearing and disappearing in a matter of days.
Founded in 2021, liquid staking platform Stader Labs aims to bring order to the memecoin phenomenon through its new trading platform, Cabbage. Drawing on artificial intelligence and real-time market analytics, Cabbage is designed to distill fast-moving and often chaotic data into key insights for memecoin traders.
AI-driven real-time insights Cabbage’s features include an Opportunity Feed that analyzes large-scale transactions for hints of emerging trends, a Whale Watch system that tracks the best traders, and the Crowd Pulse tool that aggregates community sentiment from social channels like X and Telegram.
The platform also introduces Cabbage Score, which translates detailed technical metrics into simplified ratings. This feature offers an at-a-glance view of a token’s potential, allowing traders to gauge volatility before making a move.
Another feature, called Safety Check, automates the process of vetting new tokens, aiming to flag possible scams or projects with limited liquidity. Moreover, the YOLO Buys function streamlines the process of placing trades, eliminating the need for multiple screens and optimizing slippage settings to reduce unexpected losses.
As an additional incentive, Cabbage gamifies this process by letting users collect badges, ascend leaderboards, and earn rewards for active participation.
Revenue projections signal significant growth Cabbage creator Stader Labs projects that capturing even 5% of monthly memecoin volumes (around $70 billion per month) could generate $420 million in annual revenue through a 1% trading fee.
Additional streams such as premium subscriptions, advertising for new token launches, and premium analytics offerings have the potential to further bolster the platform’s revenue potential.
Alpha launch and roadmap The closed alpha phase for Cabbage is slated to begin on March 20, with a limited group of users gaining early access through a waitlist. Initial testing will focus on refining the Opportunity Feed and YOLO Buys while gathering user feedback to shape future updates.
In the first quarter of 2025, the trading platform intends to expand its toolset by launching the AI-powered Cabbage Score and a more advanced Opportunity Feed, alongside integrations with networks including Base, Berachain, and SUI.
Mobile applications for iOS and Android are scheduled for release in the second quarter when Cabbage also plans to broaden its scope beyond memecoins to cover additional assets. Fiat on-ramps through Apple Pay and Google Pay will be included as well to make trades more accessible.
Backed by Pantera Capital, Coinbase Ventures, Jump Crypto, Accel, and Accomplice, Stader Labs has the broader goal of driving DeFi adoption while prioritizing user security. Although Cabbage’s primary mission is to streamline memecoin trading, Stader Labs envisions the platform evolving into a central hub for anyone seeking more insight into high-risk cryptocurrencies.
A detailed litepaper for the platform is available, where users can learn about the technology behind the project. Stader Labs encourages traders and developers to join the Cabbage waitlist and its community channels to stay informed about ongoing releases.
Stader (SD) will be listed on the Bithumb Korean Won trading market
PANews reported on August 26th that according to a Bithumb announcement, Stader (SD) will officially launch on the Korean won trading market on August 26, 2025. The supported network is Ethereum, and deposits on other networks are not currently supported.
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PANews reported on August 26 that according to OKX market data, SD rose 42.3% in a short period of time and is currently quoted at US$0.94, with a maximum increase of US$0.98.
According to previous news, Stader (SD) will be listed on the Bithumb Korean Won trading market.
Author: PA一线
This content is for market information only and is not investment advice.
Stader price climbed sharply after its listing on Bithumb’s Korean Won market, posting a surge of more than 40% in a single day.
Summary
Stader rose 42% on Aug. 26 following its listing on Bithumb’s Korean Won market. Governance updates, including July’s revenue buyback plan, continue to support token fundamentals. Technical signals point to a breakout, with potential targets at $1.12 and $1.40. At the time of writing, Stader (SD) was trading around $0.91, nearly 39% higher over the past 24 hours. The token’s rally has also lifted its seven-day performance by 26%, with momentum stretching beyond the past month.
Bithumb listing drives demand The announcement by Bithumb on Aug. 26 confirmed that SD would now be available in the KRW market through the Ethereum (ETH) network. The development instantly triggered the token’s price surge, briefly rising above $1.12 before declining slightly.
Additionally, trading volumes increased significantly, rising by more than 300% from to $25.5 million over the last day. With the listing, Korean traders will have direct access to SD via a major fiat exchange, bringing with it a new level of market visibility and liquidity.
Expanding ecosystem supports price action The surge’s timing aligns with the Stader ecosystem’s continued expansion. The group introduced Cabbage earlier this year, an AI-driven trading platform that makes trading memecoins easier with features like Crowd Pulse and Whale Watch.
According to Stader’s projections, even a small portion of monthly memecoin activity could generate substantial yearly revenue. Updates to governance have also added more utility to the token.
An recent vote by the DAO allocated 20% of protocol revenue toward buybacks of SD, which could be burned, redistributed to stakers, or used to reward traders. These developments have helped strengthen confidence in the project, providing a foundation for speculative interest even before the Bithumb listing.
Stader technical analysis On the daily chart, price action is currently moving along the upper Bollinger Band in the $0.90 to $1.00 range after SD broke out of its consolidation range around $0.60. The volume increase confirms that there is strong support for this breakout.
Stader daily chart. Credit: crypto.news There may still be space for the rally before overbought levels are reached, according to the relative strength index, which is currently at 64.
If the token sustains support at $0.74, attention may return to $1.12, the level that capped gains earlier in the session. A clear move above that level could pave the way for a move toward $1.40, a resistance level that was tested earlier this year.
However, if recent support is broken, there is a chance that the price will drop back to $0.60, where the previous base of accumulation was formed.
**Stader Labs Discontinuing MaticX Operations, Unveils Redemption Timeline** June 13 — Liquidity staking protocol Stader Labs has officially announced it’s winding down MaticX. Starting today, MaticX will stop accepting new deposits and enter a “claim-only” state. Users can still redeem their MATIC holdings through the existing interface for now. The official MaticX DApp will be permanently taken offline on August 3, 2026. After that date, users won’t be able to use the web frontend and must complete all redemptions directly via Etherscan through Ethereum’s smart contract. A MaticX staking contract upgrade is scheduled for June 12–19, 2026. Around June 19, the exchange rate between MaticX and MATIC will lock in permanently — this will serve as the final settlement rate for all future redemption requests. Users who’ve already redeemed assets before this change won’t face any disruptions. Unredeemed users can keep claiming via the existing DApp or Etherscan, while redemption requests that were initiated but not yet sent to their wallets can still be processed later through the Etherscan contract. Between June 19 and August 3, 2026, the MaticX DApp will offer instant redemptions at the fixed locked-in rate. Once August 3, 2026 arrives, the MaticX frontend will shut down for good. However, users will still have three years from that date (until August 3, 2029) to withdraw assets directly via the Etherscan contract. Stader Labs says it will release a detailed, step-by-step Etherscan claiming tutorial ahead of the DApp closure to ensure users can complete their redemptions smoothly.
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