DapDap Launches StableFlow for Cross-Chain Stablecoin Swaps with Low Fees
DapDap has launched StableFlow, a low-fee stablecoin bridge powered by NEAR Intents, allowing efficient swaps across nine blockchain networks with minimal slippage. The platform can handle large-scale swaps up to $1 million, maintaining low fees and high reliability.
- StableFlow supports networks including Ethereum, Arbitrum, Polygon, BNB Chain, Optimism, Avalanche, Solana, Near, and Tron.
- Initially, the platform will only support USDT, with plans to include USDC and other stablecoins.
- NEAR Intents is gaining recognition for enhancing cross-chain transactions, with notable endorsements from industry figures.
The protocol has executed nearly $1.84 billion in swaps across 20 blockchains, with $825 million executed in the last 30 days. USDT remains the most swapped asset by volume.
NEAR Intents volume data | Source: Dune Analytics
The total stablecoin market cap recently surpassed $300 billion, with Tether holding 58% of the market share.