↑ LayerZero: Skyrocketing 75% and Expanding Interoperability

US State Wyoming is launching its own stablecoin WYST. Hedera has integrated LayerZero into their mainnet. There has been a 75% increase in LayerZero after a breakout from a downtrend, with growth potential and the development of the LayerZero project noted by many. They have recently settled with the FTX estate. TON has teamed up with LayerZero for cross-chain asset transfers, and PayPal has begun using LayerZero for USD stablecoin transfers between Ethereum and Solana. There have been partnerships announced with the GOAT network, Tether, and Rayls. Collaborations are also in place for cross-chain security with Eigen Labs, bridging blockchains with Rootstock, Cronos EVM, Flow, Unichain, and Bitcoin. LayerZero enables Stargate operation; however, a 6-hour downtime due to a DVN malfunction was experienced recently. The price prediction for LayerZero by 2025 indicates potential for new highs, predicting a possibility of bull markets in the future. A partnership with Animoca Brands indicates deeper business ties, and 1 million ZRO was transferred to Coinbase, showcasing a great deal of confidence in the firm.

LayerZero has also announced an airdrop for eligible users. Despite recent controversies over the airdrop, the firm secured a settlement with the FTX estate following a two-year legal battle. LayerZero has continued to innovate, releasing high-performance databases optimized for blockchain data and expanding TON's cross-chain functionality and liquidity. LayerZero has added Solana to its cross-chain bridge network and plans to unlock 25.71MM tokens by June 2025. Despite recent bearish pressure, there is ongoing recovery progress.

LayerZero News Analytics from Thu, 02 May 2024 07:00:00 GMT to Wed, 26 Mar 2025 22:38:51 GMT - Rating 7 - Innovation 8 - Information 9 - Rumor +6