LayerZero is making significant strides in the
cryptocurrency space and is recognized for its transformative and innovative technology. It has experienced a drastic surge in its
price due to the recent collaboration with leading names in the industry. Moreover, LayerZero partnered with the
GOAT Network to enable OFTs, and also integrated with Libre. The token, ZRO, exhibited a significant uplift in value recently, even skyrocketing to an astounding
75% after a breakout from a prolonged downtrend. In the meantime, the state of
Wyoming is launching its state-backed stablecoin, WYST, using LayerZero technology in July. PayPal integrated with
LayerZero to enable stablecoin transfers between Ethereum and Solana. Similarly, TON collaborated with LayerZero for cross-chain asset transfers, an integration that expands TON's cross-chain functionality and liquidity. Significant settlements with the FTX estate have concluded, and LayerZero can now focus on its growth and development. An integration with Cronos EVM and zkEVM has connected over 115 blockchains, boosting LayerZero's reach. LayerZero's price projection infers a rise, and the upcoming airdrop plan emphasizes 'real usage'. A recently resolved two-year-long intense legal battle with the FTX estate has further fortified its position in the market.
LayerZero News Analytics from Tue, 28 May 2024 07:00:00 GMT to Mon, 07 Apr 2025 01:32:25 GMT -
Rating 8
- Innovation 9
- Information 10
- Rumor 4
