Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Cross-chain stablecoin track is once again stirring up a storm. River has attracted the attention of industry leaders with its unique chain abstraction solution—famous fund Maelstrom Fund recently invested strategic capital in it. This funding move immediately garnered coverage from top industry media, and the entire crypto community is discussing this matter.
Speaking of which, why is this round of investment so popular? It's actually easy to understand.
The concept of chain abstraction has become increasingly popular in recent years, aiming to solve the pain points of cross-chain interactions. As a player in this track, River uses stablecoins as connectors, intending to facilitate asset flow between different public chains. This approach indeed meets market demand—users, long tormented by fragmented liquidity and high bridging costs, are eager for a one-stop solution.
Maelstrom Fund's involvement essentially signifies recognition of the feasibility of this direction. From a funding perspective, having backing from well-known institutions provides more room for the project's future development, ecosystem expansion, and user acquisition. This also means that competition in the chain abstraction track will become more intense, with several teams making efforts in this direction. Who can stand out will depend on a comprehensive contest of technical strength, operational execution, and market timing.