【Block Rhythm】River has been making headlines these past few days. The RIVER token has been hitting new highs consecutively, breaking through the $25 mark, with weekly gains reaching as high as 830% at one point, and total network trading volume surging to $3 billion. The craziest part is on a certain top-tier exchange’s derivatives platform, with 24-hour trading volume exceeding $1.7 billion, ranking only behind BTC and ETH among first-tier tokens, and even squeezing into the top 5 trading volume positions on several mainstream derivatives platforms.
What’s behind this momentum? Maelstrom Fund, under Arthur Hayes, the co-founder of BitMEX, announced a strategic investment in River. This investment is primarily used to support River in scaling its chain abstraction stablecoin system, promoting ecosystem development and on-chain capital circulation.
What’s innovative about River? As the first chain abstraction stablecoin protocol, it allows users to deposit mainstream assets like BTC, ETH, and BNB on one chain, and then natively generate satUSD stablecoins on other chains, enabling users to seamlessly participate in various yield opportunities. Currently, this stablecoin has been integrated with over 30 ecosystem protocols, including top projects like Morpho, Pendle, and ListaDAO, with deployments covering major public chains such as Ethereum, BNB Chain, and Base. In terms of data, the protocol TVL has exceeded $300 million, and satUSD circulation has surpassed $100 million.
RIVERトークンが1週間で830%急騰、BitMEX共同創設者基金が戦略投資、チェーン抽象ステーブルコインのリーダー
【Block Rhythm】River has been making headlines these past few days. The RIVER token has been hitting new highs consecutively, breaking through the $25 mark, with weekly gains reaching as high as 830% at one point, and total network trading volume surging to $3 billion. The craziest part is on a certain top-tier exchange’s derivatives platform, with 24-hour trading volume exceeding $1.7 billion, ranking only behind BTC and ETH among first-tier tokens, and even squeezing into the top 5 trading volume positions on several mainstream derivatives platforms.
What’s behind this momentum? Maelstrom Fund, under Arthur Hayes, the co-founder of BitMEX, announced a strategic investment in River. This investment is primarily used to support River in scaling its chain abstraction stablecoin system, promoting ecosystem development and on-chain capital circulation.
What’s innovative about River? As the first chain abstraction stablecoin protocol, it allows users to deposit mainstream assets like BTC, ETH, and BNB on one chain, and then natively generate satUSD stablecoins on other chains, enabling users to seamlessly participate in various yield opportunities. Currently, this stablecoin has been integrated with over 30 ecosystem protocols, including top projects like Morpho, Pendle, and ListaDAO, with deployments covering major public chains such as Ethereum, BNB Chain, and Base. In terms of data, the protocol TVL has exceeded $300 million, and satUSD circulation has surpassed $100 million.