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? 🦉
🎯 Sophon Goes Live
**Sophon**, the consumer-focused app hub, is now **live on Jumper**. Users can swap any asset from any blockchain into Sophon through Jumper's aggregation platform. **Limited-time bonus**: Swap $500+ into Sophon within 48 hours to earn +10 XP on Jumper. This integration continues Jumper's expansion as a cross-chain gateway, following recent partnerships with Plasma, Hyperliquid, and MetaMask's mUSD stablecoin.
Monad Integration with Jumper Bridge Aggregator Coming This Quarter
**Monad blockchain** is set to integrate with **Jumper** bridge aggregator this quarter, expanding cross-chain connectivity options. This follows the recent announcement that **Orderly** will also launch on Monad during the same timeframe. The integration will provide Monad users with: - Advanced bridge aggregation capabilities - Enhanced DEX connectivity - Streamlined cross-chain transactions Jumper's bridge aggregation technology will enable smoother asset transfers between Monad and other blockchain networks, potentially boosting ecosystem adoption.
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.