DeFi presents a new approach to finance, encompassing lending and borrowing. However, the accessibility of services is hindered by the fragmented nature of the sector. Soul Protocol aims to address this challenge by establishing a unified lending ecosystem across various blockchains and platforms. With a testnet launched in April 2025, the platform has garnered a substantial user base and transaction volume. By leveraging crosschain messaging infrastructures, Soul Protocol enables users to seamlessly interact with different lending protocols without the need to bridge assets. The platform ensures user positions are safeguarded through a sophisticated infrastructure that minimizes risks. Revenue streams for Soul Protocol include fees from crosschain borrowing interactions, liquidation penalties, and integrations with external services. The governance token, SO Token, plays a pivotal role in capturing protocol fees and driving the platform's growth. Through a cautious expansion strategy, Soul Protocol aims to offer a sustainable ecosystem focused on utility and long-term development. Read more AI-generated news on: https://app.chaingpt.org/news