The post PENGU Among Top OFTs’ Performers, Token Transfers Surge +30% On Stargate Cross-Chain Protocol appeared on BitcoinEthereumNews.com.

Pudgy Penguins (PENGU) is currently experiencing massive trading volumes on the Stargate Finance, a cross-chain bridge protocol. The move has sparked attention within the crypto community, especially among those invested in or following the PENGU token. Stargate is how $PENGU moves. A record-breaking week: $PENGU transfers surged +30%, making it one of the most active OFTs on Stargate. Moveable between @Abstract and five more chains. Billions will huddle. pic.twitter.com/OJyiaPrqKn — Stargate (@StargateFinance) July 16, 2025 What is Behind PENGU’s Transfer Increase? According to data reported today by Stargate, PENGU has experienced a significant token transfer activity, surging by over 30% over the past week. This makes it one of the top-performing OFTs (Omnichain Fungible Tokens) on Stargate. Stargate, a composable multi-chain bridge network developed on top of LayerZero, enables efficient movement of assets between various protocols. The platform allows people to move tokens between various chains, unleashing new opportunities for investing, transacting, and engaging with products across various decentralized ecosystems. The substantial +30% increase in PENGU’s token transfers on Stargate highlights quickly skyrocketing activity and demand for using and moving PENGU across different protocols. This signifies enhanced application, transaction, and interaction with the PENGU ecosystem. Being an OFT (Omnichain Fungible Token) means PENGU is an asset that is natively movable across various chains, leveraging Stargate’s cross-chain infrastructure, without the need for wrapped versions. It is one of the most-performing OFTs, implying PENGU is a significantly used token in the Stargate ecosystem. This shows robust utility of the asset, enabling users to engage with it in various DeFi and decentralized platforms. PENGU’s Outlook Remains Promising The +30% increase in token transfer milestone is a testimony to PENGU’s resilience and acceptability in the volatile crypto market. This can also be seen in its recent uptrend price movements. The asset, which is currently…

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Filed under: News - @ July 17, 2025 9:28 am