LayerZero's ongoing popularity climb is showcased in a series of industry updates. The innovator began with becoming
BitGo's official interoperability protocol for WBTC and has since taken significant steps including
ZRO token's redistribution and the controversial yet strategic anti-Sybil strategy which brings both hype and critique. The LayerZero continues to fortify its standing in the market as
Defi.money and
Animoca Brands integrate LayerZero as their interoperability solution, while it also
adds Solana to its cross-chain bridge network. Remarkably, LayerZero's ZRO token shows resilience despite the market trend, and its price surges 40% over the weekend.
State of LayerZero Q1 and
Q2 2024 unveils important insights into their strategic direction, highlighting the future focus on expanding LayerZero's reach beyond the existing ecosystem. LayerZero has been rigorously working on its airdrop strategy with an eligibility checker and even excluded its staff in a bid to enhance Sybil detection. LayerZero's innovative approach may not sit well with all, the 'mandatory donation' tactic witnessed a backlash but it's receiving praise for curbing Sybil activity. With the launch of ZRO token, LayerZero is making strides in cryptocurrency domain, including the
Announcement of six new members of the Hyperledger Foundation. Their bold strategies and innovations to reshape blockchain gaming via collaboration with
Xai Foundation are evident. Worthy of note is the integration of Solana into LayerZero's cross-chain bridge network as well as
FTX CEO avoiding deposition before chapter 11 confirmation hearing. Amid all these important updates,
LayerZero continues to innovate and grow.
LayerZero News Analytics from Tue, 20 Feb 2024 08:00:00 GMT to Wed, 02 Oct 2024 00:48:00 GMT -
Rating 7
- Innovation 9
- Information 8
- Rumor 3
