sDAI Surpasses $10M in TVL in One Month
sDAI Surpasses $10M in TVL in One Month
Savings Dai (sDAI) has seen a surge in value, reaching $10M in Total Value Locked (TVL) within a month. sDAI is a yield-bearing stablecoin that generates a 6.8% yield. The interest earned from DAI bridged to Gnosis Chain is redirected to sDAI holders. Whales are bridging xDAI to Gnosis Chain to earn high yields. The yield comes from the interest accrued by sDAI, which is redirected from the xDAI Bridge on Ethereum mainnet. This yield is generated by the revenue Maker generates on DAI minting and the RWAs it holds.
sDAI -->$10M in TVL --> $55M in one month ⤴️ What is sDAI? And what's behind its surge? ⤵️ Savings Dai (sDAI) is a yield-bearing stablecoin that generates 6.8% yield. 🧑🌾 All the DAI bridged to Gnosis Chain is earning interest at MakerDAO. This interest is redirected to the
7,000,000 DAI & 6,000,000 DAI 🤯 A whale just bridged a staggering $13M $DAI in 2 txs to Gnosis on Jumper.exchange via the xDai Bridge. Here's the scoop: whales are actively bridging MILLIONS of DAI to deposit sDAI on @gnosischain. Are the whales onto something? 🦉
🚀 Jumper Breaks Records
**Jumper Exchange hit a new all-time high in October with $2.16 billion in trading volume** - marking their second consecutive month above $2 billion. Key developments include: - **New DEX integrations**: Titan Exchange and eco - **Chain expansion**: Added Sophon network - **Enhanced perks** for JumperPass holders This milestone demonstrates continued growth in cross-chain trading activity as users seek seamless asset transfers across different blockchains. [Read the full breakdown](https://jumper.exchange/learn/jumper-monthly-update-october)
🚀 Jumper Hits $2.14B Volume Record
**Jumper Exchange achieved a new all-time high** with $2.14B in trading volume during September. **Key developments include:** - Integration with @0xoogabooga and @HyperFlow_fun DEX platforms - Launch of official onboarding platform for @Plasma - Significant volume growth from August's $1.6B The bridge aggregation platform continues expanding its **DEX connectivity** and user onboarding capabilities. [Read full breakdown](https://jumper.exchange/learn/jumper-update-september)
BSC Trading Volume Doubles on Jumper as Chain Gains Momentum
**BSC trading activity surges on Jumper platform** Binance Smart Chain (BSC) users on Jumper have **doubled their swapping activity** over the past 5 weeks. This growth appears linked to what's being called the "Aster effect." **Key developments:** - BSC recently entered Jumper's **top 3 chains by net flows** - Trading momentum suggests BSC is experiencing renewed interest - Jumper users are capitalizing on the increased activity The platform continues positioning itself as a way to maximize transaction value on BSC trades during this uptick in network usage.
🪙 Solana's USX Stablecoin
**Solana's native stablecoin USX is now live on Jumper**, powered by Solstice Finance. **Key features:** - Access to institutional-grade yield - Uses delta-neutral strategy for stability - Available through Jumper's bridge aggregation platform USX joins other stablecoins like MetaMask's mUSD on the Jumper platform, offering users seamless cross-chain asset movement with minimal slippage. *Ready to explore institutional-grade yields on Solana?*
Whale Executes $1M Cross-Chain Transfer with Near-Zero Slippage
A crypto whale successfully moved **$1 million USDT** from Ethereum to Solana using Jumper's bridge aggregation service. The transaction achieved **almost zero slippage**, demonstrating the platform's efficiency for large-scale cross-chain transfers. This follows recent activity where another user moved nearly $1M USDC between Base and Arbitrum with minimal fees of just $0.081. **Key highlights:** - Cross-chain transfer: Ethereum → Solana - Amount: $1M USDT converted to SOL - Minimal price impact despite large size - Growing trend of institutional-sized bridge usage The successful execution shows improved infrastructure for moving significant capital across different blockchain networks without substantial trading costs.