Pudgy Penguins (PENGU) Trading Volumes on Stargate Finance

Pudgy Penguins (PENGU) is currently experiencing massive trading volumes on Stargate Finance, a cross-chain bridge protocol. This 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.
> — Stargate (@StargateFinance) July 16, 2025

What is Behind PENGU’s Transfer Increase?

According to data reported today by Stargate, PENGU has experienced 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 across various chains, unleashing new opportunities for investing, transacting, and engaging with products in 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 means PENGU is an asset that is natively movable across various chains, leveraging Stargate’s cross-chain infrastructure, without the need for wrapped versions.

PENGU’s robust performance confirms it as a significantly used token within the Stargate ecosystem, indicating strong utility for users engaging with various DeFi and decentralized platforms.

PENGU’s Outlook Remains Promising

The +30% increase in token transfer milestone is a testament to PENGU’s resilience and acceptability in the volatile crypto market. This can also be seen in its recent price movements. The asset, currently trading at $0.03313, has seen increases of 125.1%, 125.0%, and 227.3% over the past seven days, two weeks, and one month, respectively.

The rise in transfers and price actions suggests a surge in demand for PENGU. This increase is fueled by its integration with platforms across various protocols, potentially for staking, NFT applications, and engagement in metaverse and GameFi programs that PENGU supports.

Lastly, the increased transfer activity of PENGU indicates Stargate’s efficiency as a multi-chain liquidity network. This reinforces Stargate’s capability of handling massive transfer quantities of major assets, solidifying its role as a pivotal multi-chain infrastructure for the Web3 economy.