The recent highlights in the crypto-market were dominated by significant
developments around LayerZero. LayerZero Foundation demonstrated its commitment to token holders by
purchasing back 5% of ZRO token supply from early investors. They enhanced
cross-chain interoperability for Quantoz stablecoins EURQ and USDQ while also reaching an impressive volume of
$150 billion. Following the buyback announcement, ZRO experienced a 22% price jump. In addition to this, LayerZero helped enhance the reach of
PayPal's PYUSD stablecoin to Tron, Avalanche, Sei and other blockchains. An integration of LayerZero with
Bitcoin DeFi Project BOB also made notable progress, enabling BTC transfers across 11 major blockchains. Amidst all this, LayerZero triumphed in a 4-way bidding war for
Stargate acquisition. Despite some discontent among Stargate token holders about LayerZero’s $138m buyout offer,
Advent acquired a stake in LayerZero to up its manufacturing capacity to meet AI demand. This not only diversifies LayerZero's operations but also benchmarks a growth prospect for LayerZero in the AI sector. Another calculated venture garnering attention was the proposal for a
$110 million acquisition of Stargate as STG token was struggling. Part of the latest updates included LayerZero's consolidation play as they proposed a $110M Stargate Token Merger and a $110 Million Buyout of Stargate Bridge and Token.
LayerZero News Analytics from Wed, 15 Jan 2025 08:00:00 GMT to Sat, 04 Oct 2025 20:21:18 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor 1
