Blastoff Finance Lab (ALPHA) experienced a price breakout on Feb. 25 as a serial of meaning partnerships has brought renewed interest in the cross-chain DeFi platform.

Data from Cointelegraph Markets and TradingView shows that following the announcements, Blastoff toll surged to $1.78 but Bitcoin'south recent struggle to agree $50,000 as support led to a sell-off among altcoins and Blastoff currently trades at $1.31.

Alpha/USDT daily nautical chart. Source: TradingView

Ane of the reasons for the sudden surge was the Feb. 25 annunciation of a partnership with Chemical compound Finance (COMP) that will allow Compound users to integrate with Blastoff Homora and lend assets beyond platforms.

Due to the deposit APY on Ether (ETH) being college on Blastoff Homora, Compound users are presented with an opportunity to yield farm by borrowing ETH against collateral in their accounts and lending it on the Alpha protocol.

Users are lured by lower fees on Binance Smart Chain

Alpha has is also benefiting from its recent integration with the Binance Smart Chain, which has been growing in popularity for beingness a low-fee culling to transacting on the Ethereum network.

The team at ALPHA hinted at what lies alee for the protocol in the following tweet acknowledging the recent progress of the Binance Smart Chain:

Post-obit the Feb. i launch of Alpha Homora v2, which included the release of a express edition NFT, the protocol has continued to expand its reach and institute new integrations with partners in the blossoming decentralized finance ecosystem.

The projection as well received a renewed boost of optimism on Feb. 22 afterward an agreement was reached on the terms of how Blastoff Finance would repay Cream Finance (Cream) for funds lost during an exploit of Alpha's "Atomic number 26 Banking company" on February. 13. This exploit involved a hacker draining $37 million from the protocol.

Currently, Chemical compound finance is the third-ranked DeFi protocol by total value locked (TVL) and the partnership between it and Alpha Finance could further Alpha's growth and exposure to new users in the months ahead.