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LayerZero Foundation has put forward a $110 million proposal to acquire the Stargate cross-chain bridge and all outstanding STG tokens, seeking to fold the asset into its own interoperability network. The offer, presented to the community-run Stargate DAO, would let holders swap each STG for 0.08634 of LayerZero’s native token ZRO, valuing STG at about $0.1675 at the time of the announcement. If approved, the Stargate DAO would be dissolved and the bridge’s operations absorbed into the LayerZero ecosystem. The plan still requires a governance vote. Early market data showed ZRO climbing roughly 10 percent after the disclosure, while STG gained around 5 percent to trade near $0.175.
🐐 Solana AI Index – Weekly Recap (Aug 4–10) 📊 Overview Projects Tracked: 701 | With Tokens: 455 Total Market Cap: $3.7B (High: $3.7B | Low: $3.1B) 24H Volume (as of week close): $42.8M (+60%) 💎 Top Projects by Mindshare (7D) @s8n → 22% mindshare, $2.8M MC (-4.3%) https://t.co/cHp2dEgg8V
🐐 Solana AI Index – Weekly Recap (Aug 4–10) 📊 Overview Projects Tracked: 701 | With Tokens: 455 Total Market Cap: $3.7B (High: $3.1B | Low: $3.7B) 24H Volume (as of week close): $42.8M (+60%) 💎 Top Projects by Mindshare (7D) @s8n → 22% mindshare, $2.8M MC (-4.3%) https://t.co/GyG8R921xu
top narrative gainers in 7d: - interoperability (layer zero acquires stg proposal) - ai (chatgpt-5 launch) - prediction markets (kalshi vs. polymarket) - layer 2 (mantle <> bybit) (data: @KaitoAI) https://t.co/LEEqrZcvhO
