LayerZero, a cross-chain platform, has been making significant strides in the cryptocurrency market as evident from a series of recent developments.
Andreessen Horowitz demonstrated its continued confidence in LayerZero with a $55 million investment, further skyrocketing the price of
LayerZero's ZRO token. This substantial influx of funds symbolises a strong endorsement from a well-renowned venture capital firm. LayerZero is also receiving considerable backing from other platforms as
Libre and TON integrate with LayerZero for cross-chain asset transfers. These partnerships illustrate a rising trust in LayerZero's technology, reinforcing its standing in the market and further fueling its growth trajectory. Adding to this momentum,
LayerZero has successfully enabled cross-chain compatibility for
Uniswap's Unichain, integration with
Cronos zkEVM and support with
115+ blockchain networks. The State of Wyoming has also chosen LayerZero for launching its state-backed stablecoin -
WYST, expected to unfold by July. One significant stride was a settlement with the FTX estate, reflecting positively on LayerZero and subsequently causing the ZRO token's price to jump 5%. Lastly, APIs like
PayPal USD are now using LayerZero to enable transfers between Ethereum and Solana, indicating the robust and adaptable nature of LayerZero’s technology.
LayerZero News Analytics from Tue, 28 May 2024 07:00:00 GMT to Sun, 20 Apr 2025 02:43:17 GMT -
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