Arbitrum's Stargate Network Growth Reaches All-Time High, Why?
Stargate’s (STG) network growth on the Arbitrum network has reached an all-time high. According to cryptocurrency Analysis firm Santiment, the feat comes despite STG’s price falling by 51% since its peak on Feb. 18th, 2023. According to Santiment, the growth may be attributed to active voting within the Stargate DAO (Decentralized Autonomous Organization). However, there could be a plethora of other reasons for STG’s network growth, as people are participating in a wide range of activities online. Santiment explained that, with such massive network activity, there is a high risk-reward ratio. #Stargate's network growth on # Arbitrum managed to hit an #AllTimeHigh yesterday despite its -51% price retrace since its Feb 18th top. Our latest insight discusses the Stargate DAO active voting as a likely contributor, and its high risk/reward nature. https://t.co/tcCFElDy2m pic.twitter.com/kpV6JKhRPv — Santiment (@santimentfeed) March 28, 2023 Nonetheless, Santiment no...