Stargate Network Hits 1-Year High – STG, ONDO, CC Defy Bitcoin Drop Below $67,000 Amid Crypto Selloff

• Decentralized finance tokens Stargate Finance, Ondo, and Canton, rose on Friday even as Bitcoin’s price fell below $67,000 and the broader cryptocurrency market saw a selloff.
• Stargate Finance led the gains, climbing more than 30% and reaching a one-year high.
• Canton Network’s token gained more than 3% in the last 24 hours, but remained over 30% below its record high seen last month. 

Cryptocurrency tokens in decentralized finance (DeFi) defied the broad slump in the market on Friday with Stargate Finance (STG), Ondo (ONDO) and Canton (CC) in the green even as Bitcoin (BTC) tanked below $67,000.

STG’s price rose more than 33% in the last 24 hours to around $0.25, paring gains after hitting an over one-year high of $0.27 in intraday trade. Retail sentiment around the token flipped to ‘extremely bullish’ from ‘bearish’ over the past day and chatter rose to ‘extremely high’ from ‘normal’ levels. Stargate Finance was among the top gainers in the cryptocurrency market at the time of writing.

Why Is Stargate Finance's Token Rising Today?

Stargate is one of the most-used bridges in the industry, having processed more than $70 billion in cumulative volume. The protocol, built on LayerZero, helps users and decentralised applications to transfer different tokens across multiple blockchains.

Stargate Finance’s token remains more than 90% below its record high of $4.14 seen almost four years ago. However, the cryptocurrency has clocked a gain of more than 14% over the past 12 months and rallied more than 40% over the past week.

In August last year, STG holders approved a $110 million merger with LayerZero, with STG converting to ZRO tokens. Stargate also launched a cross-chain bridge with Ondo in late 2025, expanding into tokenized real-world assets (RWAs) across Ethereum (ETH) and BNB Chain (BNB).

The uptick in STG’s price comes as Bitcoin’s price fell more than 4% in the last 24 hours to around $65,900. Retail sentiment around BTC on Stocktwits fell to ‘extremely bearish’ from ‘bearish’ territory over the past day, accompanied by ‘low’ levels of chatter. The overall cryptocurrency market dipped 3.5% to around $2.35 trillion. 

CC, ONDO Tokens Rally Despite Bitcoin Weakness

CC’s price rose over 3% in the last 24 hours to around $0.14. Retail sentiment around the token, however, remained in ‘bearish’ territory over the past day and chatter fell to ‘high’ from ‘extremely high’ levels. 

Canton Network’s token rallied to a record of $0.19 in February and has fallen nearly 30% since the milestone. It is touted as the first privacy-enabled open blockchain network. The network was launched in 2023 by a consortium led by Goldman Sachs with the aim of connecting fragmented financial systems while meeting regulatory and privacy requirements. Visa recently joined Canton as a super validator. 

ONDO’s price rose around 1.3% in the last 24 hours to $0.26. Retail sentiment around the token trended in ‘extremely bullish’ territory over the past day and chatter remained at ‘extremely high’ levels. 

Many users on the platform welcomed ONDO’s resilience, noting that the token was rising even as Bitcoin weakened, and expected further upside.

Ondo, like the other two tokens, is a decentralised finance ecosystem focused on bridging traditional finance with blockchain by tokenising real-world assets like U.S. Treasuries, stocks, and ETFs. 

Read also: Bitcoin’s March Gains Just Flipped Red After Dip Below $67,000 – On Track For Rare Six-Month Losing Streak

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