LayerZero is a fast-emerging blockchain network, known for its interoperability solution that connects over 115 blockchain networks. The expansion is supported by several key players in the blockchain industry including founders of SEI, Selini Capital, and Plume who are backing a hyper-personalized AI crypto discovery engine. Deutsche Telekom subsidiary joined LayerZero, further boosting its cross-chain security. This followed Fireblocks integrating LayerZero for stablecoins' unbeatable security and connectivity. LayerZero’s native token, ZRO, recorded a significant 75% uptake after a prolonged downtrend. After a16z boosted LayerZero with a $55M investment, ZRO's price further surged, hinting at the potential for new highs. The investment also included a three-year lock purchase of LayerZero’s ZRO tokens by a16z Crypto. LayerZero technology continues its integration journey – facilitating greater functionality with firms like Ubisoft, enabling cross-chain transfers of PayPal USD between Ethereum and Solana, and being adopted by BitGo for all their WBTC interoperability needs. Finally, LayerZero is expected to empower a State-backed stablecoin for Wyoming by July while LayerZero-powered omnichain DeFi and developer experiences make serious advancements.
LayerZero News Analytics from Thu, 20 Jun 2024 07:00:00 GMT to Wed, 11 Jun 2025 18:41:13 GMT -
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