On January 6, River received strategic investment from Maelstrom Fund, a crypto fund under BitMEX co-founder Arthur Hayes. Prior to the announcement of this investment, the RIVER token had hit new highs for several consecutive days, breaking through $25, with a weekly increase of 830%, and a total trading volume of $3 billion. Among them, the 24-hour trading volume on the Binance contract platform exceeded $1.7 billion, second only to mainstream tokens such as BTC and ETH, and ranked among the top 5 in trading volume on multiple CEX contract platforms.
According to the official announcement, this investment will support River in expanding its chain-abstract stablecoin system and ecosystem development, promoting the circulation and application of on-chain capital. As the first chain-abstract stablecoin protocol, River allows users to deposit assets such as BTC, ETH, and BNB on one chain and natively mint satUSD on another, seamlessly participating in various yield opportunities. River stablecoin has integrated with 30+ protocols such as Morpho, Pendle, and ListaDAO, and has been deployed to mainstream ecosystems such as Ethereum, BNB Chain, and Base, with a total value of over $300 million (TVL) and a circulating supply of over $100 million for satUSD.
